A pending merger between two firms — one hailing from New York City, one out of the United Kingdom — could mean some changes in the Alamo City marketplace.
And real estate veteran Marshall Davidson couldn’t be more excited.
Davidson is the managing principal for the San Antonio and Austin offices of KMD Studley. His firm is on the brink of some monumental changes, courtesy of a pending merger between New York-based Studley and London-based Savills plc. The deal, which calls for Savills to pay $260 million for Studley, is expected to close by the end of this month.
Upon completion of the merger, Studley’s U.S. operations will be rebranded as Savills Studley.
It is a winning deal for both firms, observes Angela L. Bonnici, public relations manager for Studley. For Savills, there is the opportunity to expand its presence in the U.S.
For Studley, there is the potential to expand its platform on a global scale.
And that new platform is one that excites Davidson, who heads up the only affiliate office of Studley.
“The world is becoming smaller every day,” he says. “Every day, real estate becomes more of a global business...”Studley/Savills merger to open up new worlds for KMD Studley
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