Mubasher: The UK-based Savills has announced acquiring 100% of Cluttons Middle East, the GCC’s leading real estate consultancy firm, for undisclosed amount.
After the takeover, Savills, an international real estate advisor, will provide 190 job opportunities in seven regions across the GCC, as well as offer consultancy advice, management, and agency solutions in residential and commercial sectors.
“The Middle East region is key to the global economy and its continued economic development, increased government investment and a young population will continue to accelerate its significance,” Savills’ deputy CEO Mark Ridley said.
This acquisition will lead to implement large expansions via merging Savills and Cluttons experiences, Steven Morgan, chief executive at Cluttons Middle East stated.
“Despite economic headwinds across the region in recent years, Cluttons Middle East has grown from strength to strength and Savills acquisition is testament to our current position in the market,” Morgan noted.
