Savills has acquired Central London-based retail agency and lease consultancy firm Nash Bond.
Nash Bond – which was founded in 2003 by Mark Nash and Andrew Bond – has 11 directors and specialises in the retail, food and beverage, and leisure sectors.
The firm works in both an agency and lease advisory capacity, with clients including major London estates such as Cadogan, Crown, and Portman, as well as developers and real estate investment trusts including Shaftesbury Capital, British Land, Crosstree, Great Portland Estates, Argent, Landsec, and Lendlease. Nash Bond also advises many UK and international funds, developers, and private investors as well as retailers.
The Nash Bond acquisition will allow Savills to enhance the strength of its 20-strong Central London retail business, whilst enabling it to expand its global retail offer to clients. Savills’ Central London team has recently closed deals with Uniqlo and Footasylum on Oxford Street, and Gucci on Bond Street.
Nash Bond will be rebranded to Savills with immediate effect.
James Sparrow, chief executive officer of Savills UK and EMEA, 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.”
Cameron Scott, chief executive officer and head of agency at Nash Bond, added: ‘’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.”