Wednesday 20 September 2017

Savills bolsters Channel Islands presense with commercial acquisition

Tuesday 10 January 2017

Savills bolsters Channel Islands presense with commercial acquisition
Savills UK has today announced the acquisition of Montagu Evans Channel Islands Limited (a separate company to Montagu Evans LLP), which will create the firm’s first presence in Guernsey and will combine with Savills existing residential offer in Jersey to provide a full real estate service across the Channel Islands. Montagu Evans Channel Islands Limited will change its name to Savills Channel Islands Limited with immediate effect.

Established in 2010, Montagu Evans Channel Islands Ltd is based in St Peter Port and has built up a strong reputation across Guernsey and Jersey providing high quality client services including commercial property management, lease consultancy, valuations, planning, investment and agency. The firm currently manages over 1 million sq ft of predominantly grade A office space, as well as other commercial accommodation across the Channel Islands. Clients include: the Channel Island Property Fund; Brockton Capital; Credit Suisse Trustees; Dandara; Royal Bank of Scotland International; HSBC; Lloyds and Royal Bank of Canada.

The team of nine, who will all join Savills with immediate effect, is led by managing director Tony Rowbotham who has over  30 years experience in the industry.

Savills five strong Jersey office was established in 2007 and is currently the only residential agent on the Island with a global profile. The team offer a high level residential service with a focus on sales.  

Mark Ridley, CEO of Savills UK and Europe, comments: “This acquisition provides a strategic opportunity for us to expand the Savills brand across the Channel Islands with a commercial presence that will complement and augment our existing residential offer in Jersey. The two offices combined will provide a leading multi-discipline real estate service supported by our UK and wider international network.”

Tony Rowbotham, managing director at Montagu Evans Channel Island Ltd, adds: “We have been very grateful to Montagu Evans LLP for their support over the past seven years. However, a strategic review of our business and our clients’ requirements led us to the understanding that we needed to operate under a more international platform. We are delighted to have become part of Savills, one of the world’s leading real estate advisory practices and we look forward to expanding the Savills brand and presence throughout the Channel Islands and intend to offer an enhanced service to our clients.”