This article is from the Australian Property Journal archive
SAVILLS has bolstered its business in Singapore by acquiring a major stake in CKH Strata Management, one of the country’s largest property managers.
Savills Singapore will acquire a 51% stake in CKH Strata Management. Savills south east Asia CEO Chris Marriott said this is a strategic merger that offers a clear ‘win-win’ situation for both firm and see Savills complete the development of its full service platform in Singapore.
Savills Property Management business unit will now operate under the newly merged entity known as SavillsCKH Pte Ltd, with Chan Kok Hong assuming the role of managing director.
“This is a fabulous opportunity for existing clients and staff to benefit from the global systems and know how of Asia Pacific’s largest property manager with some 900 million sq ft under management,” Chan said.
SavillsCKH will operate in conjunction with Savills’ other agencies and will service close to 30,000 apartments as well as retail, office and industrial assets.
Australian Property Journal
