Savills has acquired Currell, the leading property services company in East London. The acquisition is seen as a key strategic opportunity for expansion, bolstering Savills existing East London office network in Islington, Shoreditch, Wapping and Canary Wharf.
Established in 1990, Currell, one of the best known independently-owned London firms, has offices in Islington, Clerkenwell, Hackney, Hackney Wick and Victoria Park. Known for the strength of its substantial lettings, residential development business and block management business, the group also operates successful residential sales and new homes divisions together with a general practice commercial professional department.
The offices and teams join Savills with immediate effect and will continue to trade for the next few months under the Currell name and branding, adding that the firm is now ‘part of the Savills group’; this will safeguard the uninterrupted quality service levels for which both firms are known. The Currell Islington office will relocate across the road to the Savills office where those involved will continue to look after their respective clients.
James Sparrow, Chief Executive Officer, Savills UK and EMEA commented: “East London offers an exceptional opportunity particularly as Crossrail comes on stream, and the area is considered to offer relative value when compared to some of London’s other neighbourhoods. The outstanding reputation of Currell, alongside its strong office network and client services, will provide a natural extension to our existing Islington, Shoreditch, Wapping and Canary Wharf businesses and allows us to respond to client demand for advice across a broader stretch of East London.
“We’ve admired Currell for many years. Their culture, location of their offices and market sectors in which they operate complement our existing rentals, sales and residential development businesses extremely well. This acquisition allows us to be at the forefront of the increasing interest in East London.’’
Anne and Chris Currell, joint founders said: “We are absolutely delighted to become part of the Savills group. Having built the company up over the last 28 years, we feel we are a very good cultural and strategic fit. Our passion and drive will now continue within Savills as we make the most of the opportunities for growth within the real estate markets in East London. Our clients will continue to be at the heart of all we do.”