The firm is making a stronger push at the Asian market.

Savills Investment Management  aims to raise a renminbi-, or yuan-based funds this year as it plans to increase its presence in China and client assets in Asia, the chief executive reportedly has said.

The CEO of the real estate investment firm, Justin O'Connor, told Reuters that it intends to target increasingly popular real estate equity products in China.

O'Connor, who moves to Hong Kong from London this year, said the firm intends to approach local investors for the fund, but drew back from saying how much he hoped to raise.

The report added that the firm expects to gets its asset management license in China within a few months.

Savills has $2 billion invested in AuM in Asia, with Japan accounting for more than half of the funds. Helped by growth in China, Savills hopes to double this to $5 billion in the next few years, the report concluded.