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.