Savills buys Central London specialist Gresham Down
Savills has acquired investment and asset management business Gresham Down Capital Partners. The company provides investment advisory and brokerage advice focused on the Central London commercial property market, with domestic and international clients including UK REITS and high net worth investors. These include Delancy, IVG, Aberdeen Asset Management, Starwood Capital, Santander, SocGen, Rockspring and UBS, Savills noted in its announcement of the deal today.
The founders of Gresham Down – Stephen Down, Daniel Hesketh, Robert Buchele, Richard Bullock and Simon Ewart-Perks – will relocate to Savills’ City and West End offices later this month. Stephen Down will become head of Central London Investment at Savills and will join the company’s Commercial Board.
Savills chairman Mark Ridley said the deal represented a further step towards growing the company’s market share in Central London.
