London property company Savills plans office in Wuhan

London-listed property services provider Savills Plc's China operation will open a new office in Wuhan in central China's Hubei province in 2016, expanding its business in the country as the company holds optimistic outlook for market demands, said Jeremy Helsby, Group CEO.

During his visit to Shanghai Tuesday evening, Helsby said he believes that China's demand for property services will grow fast, making China one of the most active property markets in the next five years, and Savills continues to expand its business and investment in China.

Savills is still bullish about China economic growth despite GDP growth not as rapid as that of past years, he said.

"China is still a very important growth region. I am not worried about China's growth, and I am still excited about it," said Helsby.

Savills opened its 15th office in China's mainland in Xi'an, west China's Shaanxi province. The Xi'an office will serve increasing demands amid China's Belt and Road Initiative rejuvenating westbound trading routes and further opening markets to investors.

Savills will also continue to assist its Chinese clients to develop business in overseas market as they expand their footprint globally in commercial and residential property sectors, including development of hotels to meet mounting demands of Chinese outbound tourists, said Helsby.