The Singapore branch of Savills has announced the acquisition of local property management business Ace Body Corporate Management, which will create the largest privately owned strata manager in the city-state.
Ace will be merged into Savills Property Management. With a staff strength of over 500, the combined entity will manage over 40,000 units in 160 properties.
“With a solid recurrent income and talented leadership team, the merged entity will create a market leader in Singapore property and facilities management field,” said Chris Marriott, CEO of Savills South East Asia.
Chan Kok Hong, Managing Director of Savills Property Management added: “With this injection of new talent, we are expanding our property management business across all sectors including commercial, retail and industrial.”
Image: The Savills Property Management team. (Source: Savills Singapore)
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email firstname.lastname@example.org