Savills IM to open in China amid Asia push
The UK property fund house is setting up a Shanghai office with plans to at least double its Asia-Pacific assets in the next few years, and is considering more acquisitions and tie-ups.
UK-based Savills Investment Management is seeking approval to set up its first office in China, as it embarks on a drive to expand in Asia, AsianInvestor can reveal.
The investment arm of property services group Savills hopes to double its $20 billion in assets under management in the next two years and would consider buying businesses in Asia to help it do so, said Justin O’Connor, CEO of Savills IM.
Savills IM invests some $2 billion of its global assets in Asia Pacific, but L…
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