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Asia - December 2007
YOO aims for foothold in Asian market
Property Report Thailand
Beyond the inner circles of the property development
world, it is rare for a design firm to make a name for
itself in the public domain. Yet YOO, the international
branding, design and investment property company
co-founded in 1999 by Philippe Starck and John Hitchcox,
has managed to do just that through a series of
innovative, high-profile and successful developments.
Today the firm is taking serious aim at the growing Asian
market, evident by the recent launch of its first office
in the region, in Hong Kong.
Yoo CEO Chris Boulton personally set up the Hong Kong
office earlier this year, explaining to Property Report
Thailand that the company plans to continue building on
their global successes in other markets by targeting this
"extremely dynamic and important" region. And keeping in
line with the age-old adage that you don't fix what isn't
broken, Boulton says YOO's core business and design
philosophy will also apply to the Asian market.
"We offer high quality branded design that is focused on
helping our clients and partners achieve higher prices and
to sell more quickly," he says. "This is as relevant in
Asia as elsewhere. Whilst architects that we often work
alongside focus on the external aspects of a building we
work from the inside out. Our philosophy is that good
design need not cost more; it is about effective use of
space and specifying the right materials that are
attractive, durable and can be sourced locally if
possible."
YOO has worked around the globe with international
partners on a variety of buildings and large residential
projects, with developments in Asia, Australia, Europe,
North and South America and the Middle East. Currently,
the company is involved in the development of more than
25,000 apartment units worth over US$10 billion.
Here in Thailand, YOO's involvement in Campbell Kane's
Cape Yamu project in Phuket garnered much attention both
domestically and internationally. The development is set
on a wooded peninsula overlooking the limestone islands of
the Andaman Sea. Starck and Jean-Michel Gathy, well known
for his work with Aman resorts, created the villa
development which includes elegant private residences with
hotel services provided by GHM, the hotel management
company operated by Aman resorts' founder, Adrian Zecha.
Other Asian projects by YOO include JIA, a successful
boutique hotel in Hong Kong's Causeway Bay.
Boulton says Yoo is now involved in many discussions for
new projects in Asia - including another resort project in
Phuket - but nothing he can talk about just yet. As for
how to attract buyers in a market like Phuket, where most
villa owners prefer traditional Thai and Balinese designs
over modern and edgy concepts, YOO's designers are clearly
able to mesh the firm's cosmopolitan style with the local
surroundings to create a project that is both chic and in
harmony with nature. Boulton says buyers of tropical homes
generally seek designs that are compatible with the local
environment and culture, but also want accommodation that
is comfortable and inspirational to live in.
"It is a matter of blending external designs provided by
the project or local architect with our input on the
internal aspects of a building," he says. "As many buyers
are international they feel comfortable with designs that
cross cultural boundaries. However, we are sympathetic to
local needs and have built up significant experience from
our involvement in projects in the USA, Europe, India and
South America."
YOO's Hong Kong office is headed by Managing Director Paul
Dingley, and is focused on business development with
strong support from the UK-based team. Boulton says design
staff will be added when a project is secured.
"We have three basic design offers - Yoo Inspired by
Starck, Jade Jagger for Yoo and Yoo itself. Depending on
the team that is agreed with the client then Starck or
Jade will be involved in the creative design of projects.
John Hitchcox also gets involved, particularly at project
launches."
Many view Jagger's involvement in Yoo - daughter of the
one-and-only aging rocker Mick - as a good indication of
the firm's creative prowess and style. Jagger holds the
position of creative director at YOO, and works hand in
hand with the YOO design team. Jagger has chosen four
interior moods: Aristo, Boho, Disco and Techno, playfully
reflecting different facets of her own eclectic, nomadic
lifestyle. The Jade, her first design collaboration with
YOO, is located in Manhattan's Chelsea district and
provides a modern twist on New York's downtown loft
tradition.
Much of YOO's success is based on its reputation, and few
in the property development game can deny the boost a
major brand can give a project. It's now evident
throughout Thailand, with big names like St. Regis, the
Four Seasons and the Shangri-La all launching projects
that include units for sale. Boulton says this all fits in
with demand for a lifestyle that living in a branded
residence affords.
"We are aware that branded design is a global phenomenon,"
says Boulton. "People are not buying just bricks and
mortar when buying a home but a lifestyle, which is often
aspirational, and that is where the brand plays a
significant part. As we work in collaboration with local
architects we aim to blend the best of local design with
international trends."
This means YOO is integrated in projects from an early
stage to ensure they are able to work on all visual
aspects and strong signature elements of the project - for
example all communal areas, reception lobbies and project
facilities, lifts, building facades, apartment floor
plans, specifications, furniture plans/design & selection
and overall interior design, as well as the development of
the show apartment and sales centre design. The building
is then endorsed by YOO and marketed as such in
association with the partner's brand.
As for the future, Boulton says YOO plans to continue
expanding in Asia, and will not be ignoring the massive
growth happening in China's major cities as demand for
stylish designs grows.
"Hong Kong was considered to be a central location for our
business offering a pool of potential clients and
employees although long term we can see other offices in
mainland China and perhaps Japan," he says. "We are
successful in our other two regions - the Americas and
Europe, Middle East and Africa - and see the whole Asian
region offering substantial opportunities. We are
currently working in 21 countries and in view of the
active markets in Asia - particularly high growth ones
such as China - there will be a demand for the services we
offer."
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