Savills Sweden announces new CEO (SE)

International real estate adviser Savills has announced the promotion of Ulf Nilsson to CEO of its Swedish business.

Ulf Nilsson CEO Savills

Ulf Nilsson, new CEO of Savills Sweden.

Ulf Nilsson, who has 25 years experience of property and financing transaction and advice, is also head of corporate finance in Sweden and will be supported by head of valuation Lars Rickardson and head of investment Greger Hedlund. His appointment follows the final assignment of shares to Savills from original partners Martin Tufvesson, Greger Hedlund and Jonas Winter, who joined Savills in 2005 through its acquisition of a majority shareholding in Tufvesson & Partners. Former head of Savills Sweden Martin Tufvesson will leave the business in mid April 2010 to pursue a career outside property agency, as will director Jonas Winter.

Simon Hope, Chairman of Savills Europe, comments: "We first entered the Scandinavian markets through Tufvesson & Partners in early 2005 and it has served as a stable platform for our business in the Nordics. We thank both Martin and Jonas for their energy and commitment to Savills over the past five years and wish them well in their new career paths."

Ulf Nilsson, CEO of Savills Sweden, says: "The Swedish business is built on firm foundations and I look forward to taking it into a new chapter, in which we hope to expand our core teams and into new businesses."

Martin Tufvesson adds: "Having worked in the industry for 28 years whereof the latest 14 in the property advisory sector I have decided I would like a change and am going to take a break to decide my next move. I will be leaving the business in very capable hands and I am committed to working with the team to ensure a full handover during the next months."

Savills Stockholm based office was established in January 2005 and is located at Sergels Torg 12 in the central business district. The team provides advice on transactions, valuation, corporate finance and analysis including due diligence work, property and rental markets. In September 2005 Ulf Nilsson, previously responsible for property corporate finance within Ernst & Young in Sweden, and colleague Lars Rickardson and his valuation team also from Ernst & Young joined the firm.

Source: Savills

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