Savills buys Channel Islands firm
Savills UK has bought Montagu Evans Channel Islands Limited, a separate company to Montagu Evans LLP, which will be the firm’s first presence in Guernsey.
The company will combine with Savills’ existing residential offer in Jersey to provide a full real estate service across the Channel Islands.
Montagu Evans Channel Islands will change its name to Savills Channel Islands with immediate effect.
Savills UK has bought Montagu Evans Channel Islands Limited, a separate company to Montagu Evans LLP, which will be the firm’s first presence in Guernsey.
The company will combine with Savills’ existing residential offer in Jersey to provide a full real estate service across the Channel Islands.
Montagu Evans Channel Islands will change its name to Savills Channel Islands with immediate effect.
Established in 2010, Montagu Evans Channel Islands is based in St Peter Port and provides services including commercial property management, lease consultancy, valuations, planning, investment and agency.
The firm currently manages over 1m sq ft of predominantly grade-A office space, as well as other commercial accommodation across the Channel Islands.
Clients include the Channel Island Property Fund, Brockton Capital, Credit Suisse Trustees, Dandara, Royal Bank of Scotland International, HSBC, Lloyds and Royal Bank of Canada.
A team of nine will join Savills, led by managing director Tony Rowbotham.
Savills’ five-strong Jersey office was established in 2007 and is currently the only residential agent on the island with a global profile. The team offer a residential service with a focus on sales.
Mark Ridley, chief executive of Savills UK and Europe, said: “This acquisition provides a strategic opportunity for us to expand the Savills brand across the Channel Islands with a commercial presence that will complement and augment our existing residential offer in Jersey. The two offices combined will provide a leading multi-discipline real estate service supported by our UK and wider international network.”
Rowbotham said: “We have been very grateful to Montagu Evans LLP for their support over the past seven years. However, a strategic review of our business and our clients’ requirements led us to the understanding that we needed to operate under a more international platform.
“We are delighted to have become part of Savills, one of the world’s leading real estate advisory practices and we look forward to expanding the Savills brand and presence throughout the Channel Islands and intend to offer an enhanced service to our clients.”
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