Savills has announced that it has acquired the third-party property management and asset management business of GMAC Commercial Mortgage Japan KK, part of General Motors.
This new venture in Japan complements Savills’ existing businesses in China, Hong Kong, Singapore, Thailand, Korea and Taiwan, and further increases the Group’s exposure to the growing Asian market.
This acquisition and opening of a Savills office in Tokyo, follows Savills’ recent expansion into Poland with the opening of an office in Warsaw. Savills has also opened a new office in Leeds, UK as part of its UK regional expansion programme.
Aubrey Adams, Chief Executive of Savills commented today: “This acquisition ties in with our strategy of acquiring teams or businesses staffed by locals who are experts in their field. We have been looking to expand further into Asia and we intend to offer the full range of property services to our local and international clients in Japan.”