Commercial real estate firm Savills of London has finalized its recently announced acquisition of New York-based Studley, a tenant representation firm with 25 offices around the United States including one in Houston.
Studley shareholders unanimously approved the $260 million deal, the company announced Monday in a news release.
“The combined company strengthens Studley’s global capabilities in Asia and Europe, while bolstering Savills’ presence in the United States,” the company said.
Steve Biegel, executive vice president and co-branch manager of the Houston office, said the deal creates an opportunity to provide “first in class service to meet the international real estate requirements of our Houston-based clients and to build new relationships around the world.”
The combined company will have more than 600 locations worldwide. It is now operating as Savills Studley in the United States.Savills Studley deal closes
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