The first alliance of its kind between two leading real estate firms in Thailand has happened with the integration of Savills and Nexus Property Consultants.
According to a statement from the companies, the firms will be combining international standards with local knowledge. The alliance, it said, is well positioned to provide real estate solutions for foreigners interested in investing in Thailand, and for Thai investors seeking to gain access to international residential and capital markets.
The alliance gives Savills an expanded foothold in the Thai real estate market as well as increases the firm’s presence in Southeast Asia to 59 operations across 17 countries in the region.
Robert Collins, Chief Executive Officer of Savills Thailand, said: “We have observed increasingly strong growth in our Thailand business, covering all aspects of the property market. This association with Nexus will allow us to leverage their local expertise, further strengthening the Savills brand across this dynamic region. We believe this association will allow us to provide clients with the very best service and advice across Thailand.”
Located in Bangkok, Nexus is a leading advisor previously an independently owned member of Cushman & Wakefield alliance, with a strong background in real estate consultancy, valuation and new development sales.
Nalinrat Chareonsuphong, Executive Director of Nexus Property Consultants Co. Ltd., said: “Savills has an established presence throughout Asia-Pacific as well as a substantial global platform and international client base. We are very excited to be working with Savills, which will allow us to continue providing best in class advice and offer our services to clients throughout Thailand.”
Christopher Marriott, Chief Executive Officer of Savills Southeast Asia, added: “We are very pleased to have formed this alliance with Nexus, which is part of our wider strategy to grow our Thailand business. In Nexus, we have a partner with distinct local expertise in research, valuation and project marketing.”
Partnerships have become fairly commonplace in other parts of Asia although they have been relatively scare to date in Thailand.