Savills has today announced the acquisition of the specialist Central London investment and asset management business Gresham Down Capital Partners.
Gresham Down Capital Partners is a limited liability partnership founded by Stephen Down and fellow partners Daniel Hesketh, Robert Buchele, Richard Bullock and Simon Ewart-Perks. The team provides investment advisory and brokerage advice focusing primarily on the Central London Commercial property, as well as asset management services.
They will relocate to Savills with three team members moving to its City offices and a further five to the West End offices from mid-January. Stephen Down will undertake the role of Head of Central London Investment and has been invited onto the Commercial Board of Savills.
Gresham Down works with international and domestic investors as well as UK REITs and High Net Worth investors. Their clients include Delancey, IVG, Aberdeen Asset Management, Starwood Capital, Santander, Societe Generale, Rockspring and UBS.
In the past 24 months the team have been involved in over £2 billion of transactions across London and last year they acted for Irish Group Warren and Partners in selling the Goldman Sachs' headquarters at River Court in Fleet street to Joseph Lau's Chinese Estates for £280 million.
Mark Ridley, Chairman of Savills, says: "We have taken significant steps to boost our Central London presence and this acquisition marks a further movement towards growing a greater market share."
John Rigg, Head of Savills Central London division, says "Stephen leads a dynamic and highly regarded team, together we will expand our business as we continue to service our domestic clients but also work with our global colleagues in bringing international capital to London."
Stephen Down comments: "A move to Savills will allow us to build on a bigger platform linking with talented individuals. We see Savills as being the only property advisor who shares a similar culture and entrepreneurial spirit, and with its outstanding network we are committed to building our Central London service for our clients."