Savills UK has acquired Nash Bond, a retail agency and lease consultancy business based in Central London.
The acquisition provides Savills with the opportunity to enhance the strength of its existing 20-strong Central London retail business to take advantage of the recovering retail market.
Nash Bond was founded in 2003 by its joint managing directors Mark Nash and Andrew Bond. The firm has 11 directors and is a market leader in retail, F&B and leisure work, in both an agency and lease advisory capacity.
Among its established clients are major London Estates such as Cadogan, Crown and Portman as well as developers and Reits including Shaftesbury Capital, British Land, Crosstree, Great Portland Estates, Argent, Land Securities and Lendlease.
The firm also advises many UK and international funds, developers and private investors as well as retailers.
James Sparrow, CEO 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, CEO and head of agency at Nash Bond 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.'