Savills has acquired a real estate business in Malaysia.
The business, which is currently trading as CBRE, has around 300 staff and offices in Kuala Lumpur, Penang and Johor.
From 1 March, the operating businesses will change its name from CBRE and trade under the Savills brand.
Chris Marriott, chief executive for Savills in South East Asia, said: “With the upcoming establishment of the ASEAN economic community by 2015, I see cross-border trade and investment growing in this region, with Savills being a major player in the continuing growth of the region’s real estate service industry.”
