Recognizing the growing importance of the market for securitized real estate in Asia Savills has formalized its REIT advisory services having already been appointed to provide valuation and research services for a number of Hong Kong REITs including Singapore listed Fortune; The Link; and Prosperity REIT.

The REIT team is part of the newly established Savills Valuation and Professional Services Ltd. headed by Mr. Charles Chan who assumes the position of Managing Director and Mr. Simon Smith as Deputy Managing Director and Head of Research, providing regional services with a focus on China, Singapore, Macao, Korea and Japan.

The new entity combines the strengths of Savills research and consultancy services, which delivers comprehensive coverage of the property markets of Greater China and the Asia Pacific region, together with valuation services including feasibility studies; government lease modifications, rating appeals, litigation valuations and a range of other property consultancy services.

The team of over one hundred property services professionals reinforces the company’s expansion of comprehensive Greater China coverage to meet rapidly growing demand for real estate valuation and professional advisory services across the Greater China region of Hong Kong, Macao and the PRC.

“The realignment and reinforcement of our professional services expertise under the direction of Mr Chan is an indication of the aggressive growth and commitment to service that Savills is undertaking in its expansion plans for the Asia region,” said Mr. Robert McKellar, Chief Executive Officer, Asia Pacific.

“We are actively building upon our strong service capabilities in Asia as we build upon our leadership position in the region as one of Asia’s pre-eminent real estate service providers.”