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THP Sinar In JV With British Company To Provide Property Management Services In UK

Last update: 20/12/2013KUALA LUMPUR, Dec 20 (Bernama) -- THP Sinar Sdn Bhd and OCS Group UK Ltd have formed a joint venture company, THPS-OCS Services Ltd, to provide property and facilities management services to Malaysian-owned or controlled properties in the United Kingdom.

THP Sinar is a joint venture company between the TH Properties Group, which is wholly-owned by Lembaga Tabung Haji and Sinar Jernih Sdn Bhd, a leading facilities management company in Malaysia.

"This joint venture marks another milestone in the growing presence of Malaysian investors and developers in the UK property market.

"We are leveraging on the experience of THP Sinar and the OCS Group to add value and assurance to existing and prospective Malaysian property investors in UK," TH Properties Group Chairman Datuk Azizan Abd Rahman said in a statement Friday.

Malaysian companies, both private and government-linked, have become prominent investors in the London property market over the past three years with reported acquisitions approaching 4 billion.

The Pilgrims Fund Board currently owns two office buildings in London, located at 10 Queen Street Place and at 151 Buckingham Palace Road.

Apart from managing the board's portfolio of office buildings in Malaysia, THP Sinar has secured facilities contracts at the KL International Airport, hospitals and hotels.

OCS Group is the largest privately-owned UK facilities management company with more than 85,000 staff managing services in 40 countries worldwide, with a turnover in excess of 840 million.

-- BERNAMA