Property company Savills yesterday announced a deal to buy Smiths Gore – a rural property specialist.
Smiths Gore has operated as a partnership with 532 staff, across 31 UK offices and 14 estate offices, all of whom will transfer into Savills Rural Energy and Projects (REP) division or its Country Residential Agency business.
The takeover will boost Savills’ operations in rural Britain.
“This acquisition is in line with Savills strategy to improve the strength and depth of skills and expertise in our Rural Business, as well as expanding our geographical reach to provide a truly national service,” said Savills chief executive Mark Ridley.
Smiths Gore senior Partner Andrew Harle said: “Merging with Savills is entirely consistent with our objectives of enhancing our offering in the rural market.”