CBRE invests in Malaysian real estate firm
CBRE Group has agreed to acquire a 49 percent interest in WTW, a Malaysian real estate services provider that comprises the businesses 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 S.K. Yeo, the current leaders of WTW. The transaction is expected to close during second quarter 2016.
WTW 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.
CBRE’s occupier outsourcing business — called Global Workplace Solutions — serves a blue-chip list of occupiers across a wide range of industries, particularly financial services, healthcare, industrial/manufacturing, life scienc