Savills acquires interest in supply chain consultancy in Malaysia
SINGAPORE (EDGEPROP) - International real estate consultancy Savills has acquired a strategic interest in Malaysian supply chain consulting business LCA. A Savills spokesperson says that this means Savills has taken an equity stake in LCA, akin to entering into a joint venture. (See also: Savills-Huttons merger to secure latter’s position as fourth biggest agency)
This boosts the consultancy’s industrial and logistics business and advisory capabilities in key Southeast Asian markets.
LCA is a Kuala Lumpur-based business with over 20 years of consulting expertise in the development of emerging market supply chains. Its client base includes global fast moving consumer goods (FMCG) companies, retailers, e-commerce players, as well as third-party logistics providers and distributors.
“With Covid-19 accelerating digitisation, e-commerce and ride hailing services across Southeast Asia, the fast-changing environment is forcing businesses to reappraise supply chains and routes-to-market,” says Martin Fidden, regional managing director, professional services, of Savills.
Fidden adds that the acquisition expands the “breadth and value” of the company’s consultancy services. It also provides “early-stage access to a new set of clients … beyond pure property”, he says.
The acquisition “underpins Savills’ commitment to a greater presence in our Indonesian, Malaysian, Philippine, Singaporean, Thai and Vietnamese markets, and positions us well for the growing logistics sector in the region”, says Chris Marriott, CEO, Southeast Asia, of Savills.
Savills’ supply chain and logistics platform provides services to landlords, occupiers and developers across Asia Pacific.
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