Savills has bought central London retail consultancy Nash Bond.
Savills said the deal would give it the opportunity to enhance its own 20-strong central London retail business and take advantage of the recovering retail market.
It added that the acquisition would also significantly expand its global retail offer to clients.
Savills UK chief executive James Sparrow said: “We are thrilled to have acquired this fantastic business that we have long admired with such a great reputation. We have seen a significant recovery in the central London retail markets. We have always known these markets would come back and with a strong international prime global retail network we are looking forward to expanding our service for clients in London.”
Nash Bond was founded in 2003 by joint managing directors Mark Nash and Andrew Bond.
Since then the firm has grown to 11 directors and has become a market leader in retail, F&B and leisure work, in both an agency and lease advisory.
It counts London estates including Cadogan, the Crown and Portman among its clients, as well as developers and REITs including Shaftesbury Capital, British Land, Crosstree, GPE, Argent, Landsec and Lendlease.
The firm also advises UK and international funds, developers and private investors, as well as retailers.
Nash Bond chief executive Cameron Scott said: “This is an incredibly exciting opportunity for our business to join the existing Savills team to bring greater exposure both in the UK and internationally for both firms’ existing landlord and retailer client base, as well as realising an unrivalled opportunity to provide best in class service across the London market.”
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