Savills has entered into a joint venture with German real estate agent Thomas Zabel as part of its expansion strategy in the European residential market.
Working with the global residential team in London, Zabel will focus on the German residential market from Savills offices in Germany.
Thomas Zabel has more than 25 years of experience in the German real estate industry. He founded his first consultancy, Zabel Property AG, in 1992. In 2016, Zabel Property was acquired by JLL and Zabel led JLL's German residential development team until 2020.
Justin Marking, head of global residential, Savills, said, ‘I am delighted that Thomas has joined Savills. He is the preeminent residential professional in Germany, a market that offers Savills huge opportunity in Europe's largest economy. Thomas will bring experience and knowledge to our European residential business as a whole.’
‘Overseas residential properties are becoming increasingly popular with German buyers. From modern city flats to alpine chalets, Savills has some of the most desirable international properties in the world in its portfolio. At the same time, Germany remains a very popular destination for international wealth,’ added Thomas Zabel, managing director, Savills Residential Agency Germany.
