Savills and Trammell Crow joint venture spreads over Asia Pacific Region

Extending their coverage in the Asia Pacific Region, Savills plc and Trammell Crow Co. will provide project, facility and transaction management services to clients throughout the region. Included is the associated outsourcing joint venture Trammell Crow Savills (TCS). TCS (Asia Pacific), based in Hong Kong, is 51% owned by Trammell Crow Co. and 49% by Savills plc. TCS (Asia Pacific) has also acquired FDPSavills’ subsidiary Construction Management International as part of the joint venture’s extension. The whole business is valued at 5.6m (HK$64m) subject to achieving specific profit targets over the next two years.
Based on a report from i-FM newsletter