Savills steps up tenant rep business with North American alliance

May 10, 2011 | 09:46

(0) user say

International realty advisor Savills has announced the formation of a strategic alliance with CresaPartners LLC, the 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 said: “Increasingly our international occupier clients are wishing to diversify and expand their operations as global markets improve. This new strategic alliance with CresaPartners will 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,” commented 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,” said Goade.

By Thanh Thuy

vir.com.vn

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional