Savills UK has announced the acquisition of GBR Phoenix Beard Holdings, a real estate advisory firm based in Birmingham, UK.
GBR Phoenix Beard is an independent, owner-managed business which operates nationally from offices in Birmingham, London and Leeds. Its teams cover commercial property management, office and industrial agency, investment, residential management, building consultancy, lease consultancy, rating, and health and safety services.
Mark Ridley, CEO of Savills UK and Europe, said: 'This acquisition is a unique opportunity to further strengthen our national multi-sector offer providing high quality staff and a first class client base with a strong level of recurring income.'
GBR's retained clients include Columbia Threadneedle Investments, Standard Life Investments, Calthorpe Estates, Wesleyan and Scarborough Group, whilst its office agency team acts for firms including M&G, Ballymore, CEG, Bruntwood, L&G and Ediston.
The practice employs 205 people, who will all join Savills with immediate effect, and is led by managing director, Simon Farrant, alongside head of property management, Catherine Gabriel and head of agency, Stephen Benson.
Savills and the GBR Phoenix Beard Birmingham teams will relocate to a new combined office in due course, while the GBR teams in London and Leeds will move into Savills existing offices at Margaret Street and City Point.
