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Savills IM Reports Bumper Transactions Year In Asia-Pacific

Tom Burroughes

20 January 2017

Savills Investment Management, which earlier this week announced a senior hire in Australia, has reported that it logged a record $868.1 million in deals in the Asia-Pacific region last year.

The result comes slightly more than a year after Savills IM's acquisition of SEB Asset Management, the firm said in a statement yesterday.

In Singapore, Savills IM recorded $557.2 million of transactions in 2016, which accounted for over 60 per cent of the total transacted amount in Asia-Pacific. Specific deals included two property transactions in Singapore - the sale of an office building located at 77 Robinson Road in the Central Business District for approximately $371.4 million and the disposal of Savills IM’s 60 per cent stake in Chinatown Point shopping centre in the Chinatown district for $185.9 million.

Elsewhere in the region, the firm recorded six transactions in Japan, one in Hong Kong and one in Australia. A number of new acquisitions are also in the process of being completed in Japan and Australia.