CBRE, the commercial real estate services firm, confirmed yesterday it has acquired the niche property investment firm Franc Warwick in a move that further strengthens the global agent’s UK presence.
Franc Warwick was co-founded by top industry dealmaker Franco Sidoli in 1988 and is regarded as one of the key players in the central London market.
The business focuses on shopping centres, hotels and leisure, industrial and high street retail. It counts F&C REIT, Max Property, Prestbury and Land Securities among its list of clients.
The acquisition will help bolster US-based CBRE’s investment and acquisitions team, with Franco Sidolo serving as an executive director. The financial terms of the deal were not disclosed.