Savills has hired Rick Savage, a director at CBRE, to head up healthcare valuations as it looks to capitalise on “compelling growth opportunities” for the sector.
Savage (pictured) will join Savills’ healthcare and senior living team, which sits within its operational capital markets division. He will be based predominantly in Savills’ Manchester office, but will also regularly spend time in the firm’s Margaret Street head office in London’s West End.
An RICS registered valuer who has worked in UK healthcare for more than 15 years, Savage has significant experience in elderly care services, specialist children’s services, primary care and supported living.
At CBRE he was a director in the national operational real estate team. His valuation specialism will complement the existing suite of healthcare and senior living services within Savills’ OCM division, which include consultancy, transactions, capital raising, jv structuring, M&A and debt advisory.
Peter Allen, executive director and head of Savills’ OCM division, said: “Rick has a wealth of expertise across the healthcare sector and we are thrilled to welcome him to our team. His deep experience and valuation specialism will be a huge asset for us and for our clients.
“Having Rick based in our Manchester office, with regular time spent at our London head office, continues our strategy of having key colleagues based in major UK regions, which allows us to deliver our clients an unmatched combination of sector expertise and local market knowledge, across the UK.”
Savage added: “Working alongside the existing team, which has very strong capital markets and structuring capabilities, I look forward to working with our developer, operator, investor and lender clients, helping them achieve their objectives as our sectors continue to present compelling growth opportunities.”
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