CBRE acquires London property adviser

Global agent CBRE has announced the acquisition of EA Shaw, an independent commercial and residential property partnership which specialises in central London. Financial details were not disclosed.

Founded in 1899, EA Shaw provides commercial and residential investment, management, asset management and leasing services to clients including Shaftesbury, Soho Estates, Scottish Widows Investment Partnership and Legal & General.

This is the second investment CBRE has made in the UK this year, following the acquisition of Franc Warwick in September.

EA Shaw will become part of CBRE's Central London business under the leadership of Adam Hetherington and will continue to operate from its office in Covent Garden. CBRE’s Mark Collins will become chairman of the combined residential business with EA Shaw’s Lisa Hollands serving as managing director, and CBRE’s Chris Lacey continuing as head of Residential Funding & Investment. The enlarged residential team will operate from both EA Shaw’s existing Covent Garden offices and CBRE’s Henrietta House base in the West End.

Over the past two years, CBRE has built a network of residential experts based in key markets across Europe and Asia focused on promoting super prime opportunities in central London.

'We are committed to continually investing in our business with a focus on improving our offer to clients. London is one of the most important real estate markets globally and extending our leadership position to new segments of the city enhances our ability to respond to client requirements,' said Michael Strong, Chairman & CEO of Europe, Middle East and Africa, CBRE.