International Real Estate advisor Savills has announced that it has opened in three locations in Pakistan. Savills, a leading real estate firm in the Middle East, is now expanding its operations globally by joining both East and West with its regional businesses. Savills will operate through three offices, in Karachi, Lahore, and Islamabad.
“Pakistan is the fifth largest country by population, of which over a third reside in urban areas,” said Mark Ridley, CEO of Savills. “With the government promoting the construction and housing industry we see a huge opportunity in this market and are excited to be working with our new colleagues.”
Savills Pakistan will offer services including sales, leasing and investment advisory, valuation, research, and development, as well as project management. Savills current client age includes the leading banks of Pakistan such as Bank Alfalah, Habib Bank, and Standard Chartered.
Savills will set up three offices in Pakistan. One in each region: in Karachi, Lahore, and Islamabad. This is a big achievement for the investments in Pakistan as it will promote a friendly business environment for future investors. Foreign businesses that settle in Pakistan promote the message of a safe working environment and better opportunities in the land for other businesses.
Undoubtedly, Savills operations in Pakistan will improve the real estate market and also attract other foreign businesses to relocate to Pakistan. By offering extensive services, Savills will hopefully improve business advancements in Pakistan.