LONDON-Savills has acquired the Gresham Down Capital Partners business, based here. Gresham is a private investment advisor, formed in 2003, that specializes in Central London investment property.
Gresham partners Stephen Down, Daniel Hesketh, Robert Buchele, Richard Bullock and Simon Ewart-Perks will relocate to Savills offices in the downtown and West End. Down will serve as head of Central London investment and on Savills Commercial Board.
In a statement, Savills chairman Mark Ridley and London division head John Rigg said the takeover will significantly boost the company’s Central London presence. Gresham’s clients include Starwood Capital, Aberdeen Asset Management, UBS, Rockspring, IVG and Societe Generale. In the past 24 months, Gresham has been involved in $3 billion worth of transactions, including representing Irish Group Warren and Partners in selling the Goldman Sachs headquarters building at River Court on Fleet Street to Joseph Lau’s Chinese Estates for $432 million.
Down, a founder of the firm, said in the statement that he shares Savills’ culture and entrepreneurial spirit. “A move to Savills will allow us to build on a bigger platform linking with talented individuals,” he said.
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