CBRE has announced that it has entered into an agreement to acquire a 49 percent interest in Malaysia’s leading real estate services provider, C H Williams Talhar & Wong Sdn Bhd, WTW Real Estate Sdn Bhd and WTW Property Services Sdn Bhd (“WTW”).
The business will rebrand as CBRE | WTW and be led by Mr Foo Gee Jen and Mr Danny SK Yeo, the current leaders of WTW and highly respected real estate professionals in Malaysia. The transaction is expected to close during the second quarter of 2016.
WTW is 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.
The joint venture agreement will provide CBRE with a deeper, broad platform that provides their clients with acess to a comprehensive suite of market-leading real estate services. CBRE | WTW creates powerful advantages for clients of both firms, combining WTW’s valuation, agency and capital markets expertise with CBRE’s full-service offering.
For more information, visit www.cbre.com.