DTZ Thailand now operating as Edmund Tie & Company (Thailand).
In conjunction with DTZ Singapore’s re-launch as Edmund Tie & Company (SEA) Pte Ltd on 1 July, its subsidiary company – formerly known as DTZ Debenham Tie Leung (Thailand) Co, Ltd – has likewise been re-launched as Edmund Tie & Company (Thailand) Co, Ltd.
This follows from the parent company’s acquisition of Cushman & Wakefield’s majority shareholding in the firm, including its subsidiaries and affiliates across South East Asia.
Mr Edmund Tie, the group’s chairman, said: “The origins of our company go back to 1995 when we created one of the first local property consulting companies owned and led by Asian leadership talent, insight and experience to compete on par with the international property firms. We grew quickly and soon became part of a global enterprise through an alliance with C Y Leung & Company in North Asia and DTZ Debenham Thorpe in Europe. Today, if you look across Singapore, Malaysia and Thailand’s commercial and residential skyline, you will find our positive imprint in the success of our clients.”
He continued: “The strategic decision to once again operate under the Edmund Tie & Company brand is motivated by our longstanding commitment to form a firm driven by a distinctly Asian business philosophy, yet offering international standards of expertise. The tenets of our approach are the values of trust, integrity, collaboration and reciprocity underpinned by a responsible and professional practice that combines exceptional service with long-term sustainability. The re-establishment of Edmund Tie & Company gives us the independence to pursue this direction and goal.”
Edmund Tie & Company’s subsidiary in Thailand – namely, Edmund Tie & Company (Thailand) Co, Ltd – will operate out of Bangkok as before, and continue to offer a comprehensive suite of real estate services, which includes:
- Valuation advisory
- Research and consulting
- Occupier services
- Development and marketing consultancy
- Investment advisory
- Commercial and retail agency
- Residential agency covering sales and leasing, and
- International project marketing
Mr Heng Hua Thong, managing director designate of Thailand operations, said, “The change of name will not affect existing businesses with clients in any way. Our dynamic team of real estate professionals, guided by a leadership team with some of the most credentialed experience in Asia, will continue to render industry-leading expertise to our clients, at all times upholding their best interests.”
Ms Ong Choon Fah, the group’s chief executive, added: “The outcome we are striving for is in creating real value for all stakeholders. That entails a corporate culture that constantly finds innovative ways of doing things better, leveraging systems and technologies for long-term sustainability, and striking a neat balance between economic and social objectives. I am confident that the expertise, experience, track record and network that we have built up over the last two decades will now stand us in good stead to work towards this goal.”
With some 500 professionals across Southeast Asia, Edmund Tie & Company also has operations in Malaysia under affiliate companies Nawawi Tie Leung Property Consultants Sdn Bhd and Nawawi Tie Leung Real Estate Consultants Sdn Bhd.
Negotiations are ongoing with several major international real estate services firms, which will give Edmund Tie & Company a global reach and offer a comprehensive suite of integrated property services worldwide.