Savills is pleased to announce the acquisition of Ace Body Corporate Management Pte Ltd which will be merged into the Savills Property Management business to create the largest privately owned strata manager in Singapore.
Savills is pleased to announce the acquisition of Ace Body Corporate Management Pte Ltd which will be merged into the Savills Property Management business to create the largest privately owned strata manager in Singapore.
The combined entity which will trade under the Savills banner and manage over 40,000 units in 160 properties, will have a staff strength of over 500.
Chris Marriott, CEO Savills South East Asia said, “This acquisition continues to strengthen the foundations of Savills in Singapore. With a solid recurrent income and talented leadership team, the merged entity will create a market leader in Singapore property and facilities management field.”
Poh Teng Ban of Ace, recently appointed Executive Director of Savills Property Management, commented, “I am very excited about merging our business with Savills and giving my staff and colleagues an opportunity to work from a well-established international platform.”
Chan Kok Hong, Managing Director of Savills Property Management added, “I am delighted to welcome Poh Teng Ban and his team. With this injection of new talent, we are expanding our property management business across all sectors including commercial, retail and industrial.”
Concluding, Chris Marriott said, “Given the size of our portfolio, with well over 40,000 owners and occupiers, I am very keen that we are able to offer the full breadth of our consulting and agency services to this expanded customer base.”