Deloitte China acquires Hong Kong architecture firm WCWP in nod to expansion in real estate, infrastructure advisory services
- Clients are looking for one-stop shop experience, especially when it comes to infrastructure investment, real-estate projects, Deloitte China says
- WCWP behind projects such as Conway Mansion, DBS headquarters in Central
Deloitte China has acquired Hong Kong architecture firm WCWP International Limited for an undisclosed amount, in a deal described by an insider as “niche”, but one that points to a future where consultancy firms offer in-house real-estate advisory services as well.
The acquisition will significantly enhance Deloitte’s advisory services in real estate, infrastructure and reorganisation, while WCWP will enjoy access to a wider market.
“More than ever, our clients are looking for a one-stop shop experience, especially when it comes to mergers and acquisitions, infrastructure investment and real-estate projects,” said Edmund Yeung, financial advisory managing partner at Deloitte China.
The deal points financial advisory services and architecture “to an innovative new direction to create a totally new field”, said Barry Will, executive director at WCWP. The firms have worked together on projects before.
WCWP, the firm behind projects such as Conway Mansion in Mid Levels, the DBS headquarters in Central and commercial complex Century Link in Shanghai, will keep its name, but become a member of the Deloitte group. No other details were provided.
