Commercial giant Savills targets residential growth

Commercial giant Savills targets residential growth

Australia
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Savills has expanded its residential footprint with a key office opening and the acquisition of a prominent agency.

The firm has opened what it called its “flagship” residential office in the Sydney suburb of Double Bay, after opening another residential office in Chinatown in February.

The new office will including sales, rentals and property management.

Meanwhile, Savills has now completed its acquisition of Century 21 Cordeau Marshall, which was foreshadowed one month ago.

The agency will be rebranded Savills Cordeau Marshall, with founder Craig Marshall and the existing team to remain in place, according to Savills.

Savills Cordeau Marshall will now be able to offer clients a much broader package, from managing properties to selling high-end luxury.

Ged Rockliff, Savills’ head of residential projects, said the new office and the acquisition will give Savills a strong platform for further growth in the residential market.

“This platform will also provide greater depth and coverage of the Sydney market, particularly for the apartment projects to be marketed in this region, with a massive database of owner-occupiers, downsizers and an active clientele of investors,” he said.

[Related: Cordeau Marshall agent named among world’s best]

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