A property consultant has renamed its Thai subsidiary following a global relaunch.
After the re-launch of DTZ Singapore’s as Edmund Tie & Company (SEA) on 1 July, its subsidiary company — formerly known as DTZ Debenham Tie Leung (Thailand) — was re-launched as Edmund Tie & Company (Thailand).
This followed the parent company’s acquisition of Cushman & Wakefield’s majority shareholding in the firm, including its subsidiaries and affiliates across Southeast Asia.
Edmund Tie, the group’s chairman, said the company started in 1995 and had since grown quickly to become part of a global enterprise through an alliance with C Y Leung & Company in North Asia and DTZ Debenham Thorpe in Europe.
Mr Tie said the latest decision was driven by the need to form a firm driven by an Asian business philosophy, yet offering international standards of expertise.
Heng Hua Thong, managing director designate of Thailand operations, said the change of name would not affect existing businesses with clients in any way.