Colliers International has bought niche City fringe specialist Hatton Real Estate.
The 11-strong Hatton Real Estate business was established in 2010 and has become one of the dominant advisers in the red-hot fringe markets, which have benefited from huge demand from tech, media and creative occupiers this cycle.
In 2015, the agency advised on the leasing of nearly 1m sq ft and over 100 capital transactions.
The business will rebrand as Colliers International immediately and will relocate to a new HQ on Old Street, EC1, in March 2016.
The acquisition will add a respected City team to Colliers’ business, which has grown rapidly in London in recent years through the acquisition of other niche agencies, including H2SO in the West End.
It has been in talks with several niche City advisers in the past two years in an attempt to follow up the H2SO acquisition and give it a strong team in the capital’s two largest markets.
“We continue to look for ways to augment our business in major markets, particularly in London, and adding a high quality and innovative team of professionals from Hatton Real Estate allows us to take our business to another level,” said Tony Horrell, chief executive of Colliers UK and Ireland.
“The City fringe is now considered to be one of London’s most sought after commercial and residential districts and due to Hatton Real Estate’s stronghold in the area, combined with its entrepreneurial and collaborative approach it is a great fit for Colliers International.”
Hatton Real Estate partner Ricky Blair added: “The last five and a half years have been an incredible journey for us and we are proud of what we have achieved in a relatively short period of time.”
