Savills confirms acquisition of Property Management Firm

Posted on 21 May, 2015 by Cliff Goodwin

Savills has confirmed the acquisition of Collier & Madge, a niche commercial property management business founded in London 17 years ago.

ID:62108681

Collier & Madge — which claims to have built its reputation “through quality staff, investment, organisation and unwavering commitment to our property company, institutional and private investors clients” — will merge its 30 staff with the global real estate services provider immediately.

Among the executives joining the London Stock Exchange listed Savills are chief executive Paul Holmes and board members John Redfern, Christopher Carrick, Peter Deehan and Aron Feeley.

Commenting on the take-over, Holmes said: “Joining Savills is a great opportunity which will bring many benefits to the clients of Collier & Madge who will have access to an extensive UK platform across all service lines. At the same time we look forward to working with the existing Savills team to strengthen the offer and grow in our key areas”.

Prior to the acquisition, his company’s client list included: Invesco Real Estate, Henry Boot, A&A Investments, City of London, Trust for London, GAT Investments, Dominvs, Schroders, Westmount Real Estate and Primary Health Properties.

Mark Ridley, Savills’ UK and Europe chief executive, said: “Collier & Madge is an established property managers with a strong track record. This acquisition will grow our existing London property management offer and allow clients to benefit from Savills wider service lines.”

Savills head of property management, Nick Herward, added: “Bringing in such a strong and experienced team who share our passion and commitment for the sector is a fantastic initiative and we are very much looking forward to working together.

“Our existing Central London team are a force to be reckoned with and this initiative confirms our intention to be the number one management provider in London and the regions.”

Although founded in London by Alfred Savill in the mid-1800s, the acquisitions trail is a relatively new strategy for a global business which now has more than 600 offices and associates throughout the Americas, Europe, Asia Pacific, Africa and the Middle East and employs over 27,000 staff.

In 1997 Savills merged with First Pacific Davies. The following year it bought a majority stake in the German, French and Spanish arms of Weatherall, Green & Smith. And in 2015 it took over its rival, the 160-year-old UK-based partnership of Smiths Gore for £40m.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants