It has been announced that Savills will be expanding its Central London investment team in a move whereby it will acquire the City Investment team of Deloitte Real Estate. The team, which includes members: David McArthur, Jamie Binstock, Thomas Reeves, and Jamie Oley, presently provides advisory services for investment within the City of London itself; looking forward, their involvement will now be seen in Savills’ far broader Central London operations, headed up by Stephen Down.
The Deloitte team is cited to be of great experience, with the present head of the team, Jamie Olley, having greater than eighteen years’ worth of experience in investment into real estate. The team has, to date, already worked alongside Savills before (back in 2014) when the Gherkin was sold to Safra at a price greater than £700m. Additionally, the team has also seen involvement in a number of other high-profile acquisitions, including that of Becket House (£112m), acquired by Guy’s & St Thomas’ Charity, and also the sale of the 1st Martins Le Grand (£171m) for Noumra. The experience across these deals, as well as with a number of industry-leading organisations, seemingly positions them in a very strong stance for a future with Savills.
The move serves as a means through which Savills can expand its team further, then bringing the company closer to its ambition of being the number one investment consultancy for Central London. As highlighted by Stephen Down, it is expected that the team will make a fine addition to Savills and be a great help in achieving the company’s aforementioned ambitions.
Jamie Olley provided his thoughts, sayings: “We look forward to joining the London Investment team at Savills which we consider to be the ‘premier’ investment agency in Central London given the success they have had across London and on some very significant high profile transactions over the last few years.”