International real estate adviser Savills will expand its range of services with the acquisition of Singapore-based boutique regional investment advisory company Asia-Pacific Real Estate (APRE). The new Savills Investment Management platform will focus on qualified professional investors and institutional investors, and international high-net-worth-individuals to invest in and manage real estate assets throughout the Asia-Pacific region. Steffen Wolf, who built the APRE business, has been appointed managing director. Prior to setting up APRE, he was head of Asia-Pacific business for a major German open-ended fund, with assets of several hundred million euros under management. 'We are delighted Steffen has agreed to join forces with us to meet the needs of international real estate investors seeking assets in this region. With his 15 years of Asian experience and knowledge as a principal, Steffen can now use the best of what Savills can offer to assist his clients,' says Chris Marriott, Savills chief executive, Southeast Asia.
