Dubai – Mubasher: Savills on Monday announced the rebrand of its Middle East business after the acquisition of Cluttons Middle East in May 2018.
The international real estate advisor has successfully completed a six-month integration process with the longest-established advisor Cluttons Middle East, which will now be known as Savills, according to an official statement.
Accordingly, Savills will operate across five countries including Bahrain, Egypt, Oman, Saudi Arabia, and the UAE, with seven offices employing 230 people.
It will offer the broadest geographic reach of any real estate consultant in the region.
“Savills has established an international residential team in the region to facilitate cross-border investments into markets in which GCC investors are already active – the firm has significant worldwide experience as a market leading international residential team,” the statement said.
Moreover, the company will work on boosting its global capital markets footprint by working more closely with clients based in the Middle East to enable them to access leading investment destinations.
It will expand its the Middle East property management business with a specific focus on Commercial assets to reflect this core strength of Savills global service offering.
“We have seen an extremely positive start from our newly acquired Middle East business with some very exciting opportunities arising from the strong collaboration between our teams both in the region but across EMEA and beyond,” James Sparrow, CEO of Savills EMEA, said.
