property giant savills acquires investmt business

Global real estate services provider Savills has acquired specialist central London investment and asset management business Gresham Down Capital Partners.

property giant savills acquires investmt business

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Gresham Down Capital Partners works with international and domestic investors, UK Real Estate Investment Trusts and high net worth investors. Founded by Stephen Down and fellow partners Daniel Hesketh, Robert Buchele, Richard Bullock and Simon Ewart-Perks, it provides investment advisory and brokerage advice focusing primarily on Central London commercial property, as well as asset management services.

The team will relocate to Savills with three team members moving to its City offices and a further five to the West End offices from the middle of January. Down will undertake the role of head of Central London Investment and has been invited onto the commercial board of Savills.

Clients include Delancey, IVG, Aberdeen Asset Management, Starwood Capital, Santander, Societe Generale, Rockspring and UBS. In the past 24 months the team have been involved in over £2bn of transactions across London and last year they acted for Irish Group Warren and Partners in selling the Goldman Sachs’ headquarters at River Court in Fleet Street to Joseph Lau’s Chinese Estates for £280m.

Savills chairman Mark Ridley said the acquisition marks a further movement towards the firm growing a greater market share and bringing international capital to London.

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