Cushman & Wakefield expands into Malaysia

Cushman & Wakefield today opened its 35th Asia Pacific office in Malaysia.

“This move is in line with our five-year strategic plan, which contains an aggressive expansion plan for our Asia Pacific business,” said Sanjay Verma, CEO of Cushman & Wakefield for Asia Pacific.

Arsh Chaudhry, chief executive of Cushman & Wakefield Southeast Asia, added: “Malaysian capital sources have been active investors in real estate assets around the world and, on the back of strong domestic demand, many of our global clients are expanding in Malaysia. “

Apart from the growth and development opportunities in the Klang Valley, the property services firm sees vast opportunities in Iskandar.

Sigrid Zialcita, Managing Director of Research at Cushman & Wakefield said: “As with Kuala Lumpur, the outlook for real estate investment in Iskandar appears to be very favorable as immense opportunities are available in this market. The development of commercial and service clusters in Iskandar is set to further strengthen existing industrial developments as Malaysia moves towards innovative, research and technology-based industries.”

Its new Malaysian office in Kuala Lumpur is a wholly owned entity of Cushman & Wakefield.

Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories, email [email protected]

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