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3/21/19
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Savills Studley Inc has rebranded as Savills Inc, effective immediately. This change aligns the U.S. arm of the business with the global platform of Savills plc (SVS.L). The firm has also changed its email and web addresses to reflect the new title (www.savills.us).
“The transition builds on our 65-year legacy as the leading tenant advisory firm in the U.S.,” said North American Chairman and CEO Mitchell S. Steir. “From workplace strategy to labor analytics, the needs of occupiers and investors are evolving and growing geographically. This change of our name to Savills reaffirms our commitment to providing comprehensive services and solutions that drive profitability and productivity for our clients, whether they are around the corner or on the other side of the globe.”
Savills plc is a 160-year-old real estate service provider with over 36,000 employees and more than 660 offices in 71 countries worldwide. The firm is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. In May 2014, the company entered the U.S. commercial tenant advisory market with the acquisition of Studley, Inc., combining global offices in Asia Pacific, Continental Europe, the Middle East, North America and the U.K. North America delivered impressive growth in 2018 with revenue up 18 percent and underlying profit up 64 percent.
Since the merger, Savills has grown substantially in North America. During an active period of coast-to-coast expansion, the firm acquired several top brokerage offices, teams and consultants in Atlanta, Austin, Boston, Chicago, Dallas, Denver, Minneapolis, Nashville, North Carolina, Phoenix, Seattle, Silicon Valley, Southern California, Toronto and Washington, D.C. Over the past five years, transactional revenue has increased by more than 55 percent and gross global fees from cross-border transactions by 122 percent each year. The firm anticipates significant growth in cross-border and portfolio transactions over the next three years.
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