Savills has set up a strategic advisory team for Europe, the Middle East and Africa, the agency said today, as it looks to build out its offering in the region post-pandemic.
The department, which the agency describes as “sector agnostic”, offers advice to clients on market trends including ESG, capital intelligence, asset performance monitoring, repurposing assets and commercial and financial matters.
It is led by Oliver Fraser-Looen (pictured), Savills’ EMEA joint head of regional investment advisory, and Nick Harris, its European head of cross-border valuation.
Fraser-Looen said: “Covid-19 has accelerated some of the biggest levels of disruption the real estate industry has seen in the past 20 years, more so than the global financial crisis, and these changes are here to stay.
“As such, clients are seeking strategic advice for distressed assets, as well as diligent underwriting for new acquisitions.
“In order to help our clients with this change, we have brought together our expertise into a core team that works collaboratively with our entire global network to ensure we are able to provide them with best-in-class advice.”
The team’s early projects include advising clients on logistics sector investment across Europe, and advising on potential openings presented by the growth of the life sciences sector across the region.
Harris added: “Since the Covid-19 pandemic broke out, our valuation teams in EMEA have been busier than ever before while advising our clients in a continuously changing landscape.
“In response to increasing demand for such services, with our strategic advisory EMEA offer, we believe that there is a greater role for Savills in providing advice throughout the conception and evolution of a real estate transaction.”
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