Savills, the London-listed real estate service provider with 180 offices worldwide, has made its first move into Norway by forming an association with one of the country’s top property advisors, Heilo Eiendom. Founded in 1994, Heilo specialises in the purchase, sale and development of retail properties and hotels. Its clients include MøllerGruppen, Aberdeen Property Investors and Nordisk Renting, part of the Royal Bank of Scotland Group.
Savills, the London-listed real estate service provider with 180 offices worldwide, has made its first move into Norway by forming an association with one of the country’s top property advisors, Heilo Eiendom. Founded in 1994, Heilo specialises in the purchase, sale and development of retail properties and hotels. Its clients include MøllerGruppen, Aberdeen Property Investors and Nordisk Renting, part of the Royal Bank of Scotland Group.
Jeremy Helsby, CEO of Savills Commercial, said that the association is 'a direct response to the growing prominence of the Scandinavian investment market. With a population of some 24 million, and an exceptional economic performance, Scandinavia offers some of the most exciting real estate opportunities in northern Europe.' The move complements Savills’ existing Scandinavian office in Stockholm.
The deal will allow Savills to advise property companies looking to invest in Norway as well as introducing Norwegian clients to the wider European market. For Heilo it will open up the European market, boosting the potential for more cross-border deals and a diversification of properties.
