CBRE to buy 49% of Malaysian real estate services provider WTW
NEW York listed CBRE Group on Wednesday said that it has entered into an agreement to acquire 49 per cent interest in Malaysian real estate services provider WTW, which includes C H Williams Talhar & Wong, WTW Real Estate and WTW Property Services.
The business will rebrand as CBRE | WTW and be led by Foo Gee Jen and Danny SK Yeo, the current leaders of WTW. The transaction is expected to close in Q2 2016. CBRE did not disclose the consideration amount.
Founded in 1960, WTW is a full- service real estate firm in Malaysia. It provides valuation, market research, consultancy, estate agency, project marketing, corporate real estate and property management services from its 13 offices in Kuala Lumpur, Petaling Jaya, Penang, Johor Bahru, Kuantan, Malacca, Ipoh, Alor Setar, Kota Bahru, Butterworth, Batu Pahat, Kuala Terengganu and Seremban.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender