Savills completed the acquisition of Merx Group.

Savills, a real estate services company, completed the acquisition of Merx Group, a construction project management services firm. Financial terms were not disclosed. “Savills existing project management platform across APAC already consists of approximately 350 professionals located across Mainland China, Hong Kong, Japan, South Korea, India, Singapore, Malaysia, Australia and New Zealand. Project Management, as a service line in its own right, is key to our strategy for the region, as well as providing support and technical input to other service lines: transactional, property management and consulting services. We recognise the knock-on value which this partnership will deliver for Savills and our clients," Christian Mancini, Savills CEO.