JLL has acquired 49 percent ownership in YY Property Solutions Sdn Bhd today.
Founded in 1995 by YY Lau, YY Property Solutions provides clients with real estate agency and investment services across all the office, retail, industrial and residential sectors in Malaysia.
YY Property Solutions will now trade in Malaysia as JLL Property Services (Malaysia).
Chris Fossick, Head of Southeast Asia at JLL said, “With a resilient domestic economy that is expected to strengthen further and a promising real estate market, Malaysia presents a vast range of opportunities. This move will give our network of global clients better access to these opportunities with the added benefit of YY’s 20 years of local market expertise and experience whilst also supporting the growing number of Malaysian investors looking to invest in assets overseas.”
Lau will head JLL Malaysia as Country Head and will manage JLL’s Malaysian business with a team of 15, based in Kuala Lumpur.
Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
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