NEW YORK, NY – Savills and SRS Real Estate Partners have formed a strategic alliance. Through this alliance, clients of both companies will have access to further retail experts and cutting-edge retail consulting services.
The alliance will enhance Savills’ existing retail capabilities in North America and complement its ability to provide seamless advisory services to occupants, investors and retail owners globally.
âWe are delighted to strengthen our alliance with Savills, a world-renowned real estate advisor,â said Chris Maguire, CEO and Chairman of the Board of SRS. âThis alliance is the latest example of SRS evolving to meet growing customer needs. For our customers whose needs extend beyond retail and outside of the United States, this is great news. We have taken significant steps to ensure consistent service delivery between the two firms so that you have a strategic partner you can trust for all your real estate needs.
SRS is the largest North American real estate company dedicated solely to serving retail clients, with 300 professionals in 27 offices. Over the past year, SRS has represented over 1,100 clients and completed over $ 4.5 billion in transactions, while representing over 1,700 real estate listings. In the United States, the company represents 83 of the 100 largest restaurant chains, 74 of the 100 largest retailers and 49 of the 100 largest retail owners.
“The United States is one of the largest retail markets in the world, with retail sales estimated at nearly $ 4.5 trillion in 2021, making the United States a key target for the development of international brands.” said Mitchell E. Rudin, president and CEO of Savills North America.
Rudin adds, âWe already have one of the strongest retail teams in Canada. Alignment with SRS, a highly respected and accomplished national retail consulting firm, strengthens our ability to resolve client real estate issues and cultivate a formidable global retail presence in the United States as well.
Over the past 12 months, Savills’ global retail team has been involved in large scale, flagship retail transactions internationally, including at 711 Fifth Ave. New York, at 777 Sainte Catherine in Montreal, at the famous Topshop building on Oxford Street in London, and 270 Orchard Road in Singapore. The Savills team also works on the occupant side with many evolving retail brands, such as Restoration Hardware, Ralph Lauren, JD Sports and Polestar.
âWe are thrilled with the opportunities this alliance has instantly created for us,â said Jordan Karp, Executive Vice President and Head of Retail Services for Savills Canada. âSavills customers will benefit from extensive and first-class service and advice south of the border as part of this alliance. “