Savills News

Savills Singapore expands offering with new business space team

Appointment of Sharon Teo as Managing Director of Business Space

Savills Singapore is proud to announce the appointment of Sharon Teo as the Managing Director for the Business Space team. Teo’s appointment is part of the firm’s local strategic vision to diversify their service offering. Ms Teo will build a team of up to six members before the end of the year.

In her new role, Ms Teo will be a part of the senior leadership team and will report to Marcus Loo, Chief Executive Officer, Savills Singapore. She will tap into the growing business parks, industrial and logistics markets in Singapore, helping both end users and landlords, and third-party logistics (3PL) service providers with their business space needs.

Commenting on the appointment, Marcus Loo, CEO of Savills Singapore, said: “We are delighted to have Sharon join our team here in Singapore. With her experience and regional contact base, I am confident she is greatly placed to drive the industrial leasing and sales business line for Savills successfully enabling us to grab a good share of the industrial market.”

Whilst the current global economic outlook is less than rosy, and industrialists putting on hold expansion plans, this segment of the market has tremendous potential as global companies continue to be attracted to Singapore as a preferred base to access Asian markets, given business-friendly policies and the higher quality of industrial infrastructure in Singapore vis-à-vis its competitors within the Asia-Pacific region.

“This appointment is part of our ongoing evolution and growth strategy in Singapore to expand our service offering to our clients as they become increasingly diversified”, Mr Loo added.

Ms Teo brings over 20 years of working experience in the real estate industry where she has a proven track record of success in the strategic sales, marketing, leasing, business development and asset management aspects of real estate investments for clients from all industries, including fintech, biomedical, information and communications, legal, finance and insurance, education, healthcare and many more.

She joins from UEM Sunrise Berhad – Malaysia, where she led the teams based in Singapore, Johor Bahru and Kuala Lumpur, Malaysia, and was responsible for business development, asset and lease management, sales, leasing and marketing of multi-billion-dollar portfolio comprising land banks, commercial, industrial and mixed-use developments; she was also seconded to M+S Pte Ltd – Singapore, where she pioneered and spearheaded the successful commercial leasing of Singapore’s historic Marina One and DUO. Prior to these roles, Ms Teo was also with Ascendas and was instrumental in championing to the business success of the Group’s first and largest listed business space and industrial Real Estate Investment Trust. She also acquired extensive experience in real estate advisory and transactions aspects with DTZ Debenham Tie Leung (SEA) Pte Ltd – Singapore.

Commenting on her appointment, Ms Teo said: “I am excited to be on board. With the tremendous potential in the industrial market, we are fully committed to bringing our strong service delivery to match clients’ requirements.”

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