International real estate advisor Savills is expanding its range of services in the Asia Pacific region with the acquisition of Singapore-based boutique regional investment advisory company, Asia Pacific Real Estate.
The new Savills investment management platform will focus on qualified professional
investors and institutional investors, as well as international high-net-worth-individuals and family offices to invest in and manage real estate assets throughout the Asia Pacific region. Steffen Wolf, who built the APRE business, has been appointed managing director. Steffen has spent the last 15 years in the Asia Pacific Region. Prior to setting up APRE, Steffen was the head of the Asia Pacific business for a major German open ended fund, with several hundred million Euro assets under management.
Mr Chris Marriott, Savills CEO Southeast Asia, says: “We are delighted that Steffen has agreed to join forces with us to meet the growing needs of a number of International real estate investors seeking assets in this region. With his fifteen years of Asian experience and knowledge as a principal, Steffen can now leverage the best of what Savills can offer to assist his clients in implementing their investment strategy.”
Steffen Wolf, managing director Savills, Asia Pacific Real Estate comments: "This is a great move for the business and I am looking forward to further growing this unique and specialised investment advisory practice. For me to team up with such a dynamic group of real estate experts like Savills, many of whom I have worked with in my previous role, gives me a great deal of confidence that our clients will be able to access the right opportunities with the best local market advice."
With the team at Savills, Asia Pacific Real Estate can now leverage the wide range of
resources and local expertise Savills offers. With this new venture Savills can provide the complete range of real estate investment services to meet our clients’ needs whether large corporations or high-net-worth-individuals.
Chris Marriott adds: "As one of the most profitable international real estate advisors in the region, this move is a further step in the development of Savills as the real estate advisor and manager of choice both in Singapore and within the Asia Pacific region."