PropertyEU

Savills acquires US real estate investment bank

By A staff reporter 2007-08-01T00:00:00

Global property adviser Savills has acquired Granite Partners, a US real estate investment banking firm, for an initial consideration of $54 mln (EUR 40 mln). Seventy-five percent of this sum is payable on completion of the deal. The remainder is subject to a five-year earn-out, with the total payable for ...

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