Savills further expands its top end residential business in central London through the acquisition of Chesterfield, which will now become Savills Knightsbridge office.
Chesterfield has been run by Brian D'Arcy Clark and David Forbes for over twenty years. In that time, the business has increasingly concentrated in prime central London establishing itself as one of the leading agencies offering sales, rental and professional services.
The prime central London market has consistently out performed all other residential markets according to extensive Savills research and will continue to do so. Chesterfield has achieved 554 (£400 mln) in sales and acquisitions this year. This includes their involvement with 10% of the properties in prime central London over 7 million (£5 mln). Whilst Savills have dealt with 46% of properties in prime central London, jointly this equates to a staggering 56% of the market in this price range.
Jonathan Hewlett head of Savills London region, based in the Sloane Street office commented: "This acquisition will considerably strengthen our presence within the heart of prime central London. Brian and David will have managerial responsibility of the Prime Central London Agency to include the four offices Sloane Street, Knightsbridge, Kensington and Hampstead and will be driving the strategy for these offices to work together on forging our position in the market place."