Real estate consultancy services company Cushman & Wakefield today announced it has entered into an agreement to acquire Singapore-based project management specialist company Project Solution Group (PSG).
This latest acquisition is aligned with the firm's global strategy to strengthen its operations in the Asia-Pacific. When completed, the acquisition will position Cushman & Wakefield as a market leader in Project Management Services.
This acquisition follows Cushman & Wakefield’s announcement earlier this year that it had extended its operations to Taiwan and the Philippines with office openings in Taipei and Manila.
Sanjay Dutt, Executive Managing Director, South Asia, Cushman & Wakefield said: "The acquisition will contribute to C&W India’s project management capabilities and add greater depth and expanse to our service offerings."
Founded in Singapore in 2004, PSG Asia offers professional interior design, project management and construction services to over 40 multinational corporations across the Asia-Pacific.
Headquartered in Singapore, PSG operates from 14 offices in 12 countries with 70 staff in Asia and West Asia.
The company was co-founded by Australian Mike Harrison, who will become the Executive Managing Director of Cushman & Wakefield’s Project Management Services in Asia.