Savills has completed the purchase of US firm Studley.
The price payable for the purchase is up to $260m. The newly combined US business will be re-branded Savills Studley .
Prior to the completion of the sale Studley sold a 49% stake in French project management business AOS Studley to its founding shareholder. The AOS Studley stake had been put up for sale at the start of last month.
Mark Ridley, chief executive of Savills UK, said:“We have seen a growing requirement from US corporates throughout the UK office market over the last few years and this is a trend we only expect to become more prominent. We are very much looking forward to working with our new colleagues at Savills Studley to meet the growing needs of these occupiers and also service our UK clients who are looking to establish a presence or expand in the US market.”Savills buys Studley
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