According to a press release from Aguirre Newman, the purchase of the consultant is closed for about €67 million, paid in 5 years, as Savills announced last July, when the negotiations were closed.
With this acquisition, Savills multiplies by 7 its size in Spain, with a team of around 500 professionals. This is the second most important international purchase in British history after the acquisition of Studley in the USA in 2014.
As El Confidencial reported at the time, in an initial phase, the companies will operate in Spain under the brand Savills Aguirre Newman, mentions the Expansión. The presidents of the consultant, Santiago Aguirre and Stephen Newman, and the president of Savills España, Rafael Merry del Val, will join the board of directors of the new company. Santiago Aguirre will be the CEO and Stephen Newman and Rafael Merry del Val, the executive vice presidents.