LONDON (29 November, 2021) – Savills today announced that it formed a strategic alliance with SRS Real Estate Partners (SRS), supplementing its existing North American retail capabilities and enhancing its ability to provide seamless, high-caliber advisory services to retail occupiers, investors and owners worldwide.

Mark Ridley, Global CEO of Savills comments, “Aligning our Worldwide platform, comprising over 600 offices across 70 countries with dedicated expertise across all Retail sectors, alongside SRS, a market leading Retail Advisory firm in North America, allows us to provide comprehensive advice to our clients across the Global Retail markets.“

With more than 300 professionals across 27 offices, SRS is the largest real estate firm in North America dedicated solely to servicing retail clients. In the last 12 months, SRS has represented over 1,100 clients and completed more than $4.5 billion in transactions, while currently representing more than 1,700 property listings. The firm’s US client experience includes representing 83 of the top 100 restaurant chains, 74 of the top 100 retailers, and 49 of the top 100 retail owners.

“We are excited to strengthen our alliance with Savills – a globally-respected real estate advisor,” said Chris Maguire, CEO and chairman of the board for SRS. “This alliance is the latest example of SRS evolving to meet growing client needs. For our clients whose needs extend beyond retail and outside of the US, this is big news. We’ve taken meaningful steps to ensure consistent delivery of service across both firms so that you have a strategic partner you can trust for all of your real estate needs.”

Globally, Savills has positioned itself as a leader in the retail sector. In the last 12 months alone, the Savills Prime Global Retail Team have been involved in some of the most high-profile flagship retail transactions internationally, including 711 Fifth Avenue New York, 777 Saint Catherine in Montreal, the renowned Topshop building on Oxford Street in London and 270 Orchard Road in Singapore. On the occupier side, the team is working with some of the most interesting and evolving brands in the retail sector, including the likes of Restoration Hardware, Ralph Lauren, JD Sports and Polestar. 

“Our strategic alliance with SRS is hugely exciting and one which we have been working on for some time. Along with our existing retail team in Canada and across the UK, Europe and the Asia Pacific, the addition of SRS in the US will be a major step forward to complete our international retail network and enable us to provide a truly global retail offer to our clients,” said Sam Foyle, Co-Head of the Prime Global Retail Team. “As a firm, we remain very active in the retail sector and, in particular, recognize the importance of brick-and-mortar stores in an increasingly online world. We look forward to working with SRS both in the US and across other international territories.”