Savills has announced the acquisition of specialist London commercial property management business Collier & Madge for an undisclosed amount.
Savills has announced the acquisition of specialist London commercial property management business Collier & Madge for an undisclosed amount.
Collier & Madge has been established for 17 years and its 30 staff will join Savills with immediate effect, including CEO Paul Holmes and board members John Redfern, Christopher Carrick, Peter Deehan and Aron Feeley.
The firm's clients include Invesco Real Estate, Henry Boot, A&A Investments, City of London, Trust for London, GAT Investments, Dominvs, Schroders, Westmount Real Estate and Primary Health Properties.
Collier & Madge provides clients with property management services including financial, asset and facilities management and building surveying.
'Collier & Madge are established property managers with a strong track record. This acquisition will grow our existing London property management offer and allow clients to benefit from Savills wider service lines,' said Mark Ridley, CEO of Savills UK and Europe.
Nick Herward, head of property management at Savills, added: 'Our existing Central London team are a force to be reckoned with and this initiative confirms our intention to be the number one management provider in London and the regions.'
