International real estate advisor Savills has appointed Albert Lau as managing director of its China business with immediate effect.
Albert, who has led the Shanghai operation as Managing Director since July 2002, will take responsibility for Savills operations across mainland China, managing performance throughout its 12 offices as well as overseeing the development and implementation of strategies and policies within these cities.
With over 17 years of real estate experience in China, Albert is a highly regarded professional in the industry with experience in development consultancy, commercial/retail sales, property management and PRC land transfer experience. He has also been actively involved in several significant investment-based transactions of land and property in Shanghai.
Robert McKellar, CEO of Savills Asia, says: “I am delighted that Albert Lau has been appointed as head of Savills China. His experience and track record of success in Shanghai will ensure that Savills success continues across all of China. I know that working alongside the Savills management team we will see significant growth under his leadership.”
Albert Lau adds: “China, as the world’s second largest economy, is forecast double digit GDP growth again this year and has seen healthy recovery in its property markets. With a strong appetite from investors and occupiers as well as increasing retail consumption, I am very pleased to take on this responsibility in such an exciting market and at this exciting time. Savills will further expand its China platform to meet the demand of both our local and global clients.”