Savills steps up tenant rep business with North American alliance
04 May 2011
International real estate advisor Savills has announced the formation of a strategic alliance with CresaPartners LLC – North America’s largest specialised tenant representation firm. The arrangement will see Savills and CresaPartners providing a tenant representation service to international clients in Europe, Asia Pacific and North America.
CresaPartners comprises over 55 offices across North America with over 775 employees. Headquartered in Boston, it was formed in 1993 and is now North America’s largest corporate real estate advisory firm that exclusively represents tenants. Together, Savills and CresaPartners will have a global platform of over 250 offices.
Jeremy Helsby, CEO of Savills plc, says: “Increasingly our international occupier clients are wishing to diversify and expand their operations as global markets improve. This new strategic alliance with CresaPartners will now enable us to better service the needs of these clients as they expand into new markets. It will also give CresaPartners' clients access to the Savills international network of offices in particular our very strong Asian business where we are seeing an increased demand for space from all sectors. We are continuing to expand our global tenant representation platform both in Europe and Asia Pacific to better service the needs of our growing client base.”
“This alliance will allow us to provide client service seamlessly across global markets,” comments Bill Goade, CEO, CresaPartners. “Increasingly we are seeing North American clients needing to expand into Asia Pacific and Europe, and Savills extensive platform of offices and expertise in these markets will provide significant benefits for our clients.”
Jeremy Bates, head of global occupier solutions at Savills, adds: “US tenants represent some of the largest global real estate requirements. With our strong combined platform, we are well placed to assist with US companies expansion plans in Asia Pacific and Europe as well as Asian and European tenants who are now entering and expanding into the established and new American markets. CresaPartners' high quality of service delivery and extensive geographical coverage is ideally suited to handle this demand."
Savills Finsbury Circus
Chief Executive Officer
Plc Central Management
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