Savills expands to Malaysia

where2life | July 21, 2021 | 0 | Hotels , Live , Spotlight

Savills a global real estate services provider listed on the London Stock Exchange has acquired a strategic interest in the Malaysian supply chain consulting business LCA.

Savills has an international network of over 600 offices and associates and over 39,000 staff throughout the Americas, the UK, Continental Europe, Asia Pacific, Africa and the Middle East, offering a broad range of specialist advisory, management and transactional services to clients all over the world.

 

“With COVID-19 accelerating digitisation, e-commerce and ride hailing services across Southeast Asia, the fast-changing environment is forcing businesses to reappraise supply chains and routes-to-market. This acquisition expands the breadth and value of our consultancy services and provides early-stage access to a new set of clients that we can engage with at a level beyond pure property.” said Martin Fidden, Regional Managing Director, Professional Services, said:

Ng Li Wah, Co-Founder, LCA, said: “Warehousing has emerged as a catalyst for Southeast Asian-based businesses to improve margins and increase market access. We’re excited to be teaming up with Savills because it means that we can now provide comprehensive expertise in seamlessly migrating our clients into sustainable facilities that protect supply chain integrity and operate at much lower cost.” said Ng Li Wah, Co-Founder, LCA.

“The acquisition of a strategic interest in this premier supply chain management and logistics advisory underpins Savills commitment to a greater presence in in our Indonesian, Malaysian, Philippine, Singaporean, Thai and Vietnamese markets, and positions us well for the growing logistics sector in the region.” said Chris Marriott, CEO, Southeast Asia, said:

This transaction will expand Savills supply chain and logistics platform which currently provides services to landlords, occupiers and developers with over 100 dedicated experts across 60 locations in Asia Pacific.

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