Cordea Savills' purchase of SEB Asset Management to create S$3b AUM in Asia-Pac

Singapore

CORDEA Savills' proposed acquisition of SEB Asset Management AG (SEBAM) will create an Asia-Pacific real estate investment platform with about two billion euros (S$3 billion) assets under management. The assets are in markets such as Japan, Australia, Singapore, Malaysia, Hong Kong and China.

"We see attractive long-term investment opportunities in key markets within the region, such as Singapore, selected Australian markets and Tokyo," said Michael Flynn, head of South-east Asia and Australia of Cordea Savills.