The Senior Management of Savills Aguirre Newman in Spain will be composed of Santiago Aguirre as Chairman of the Board and Stephen Newman and Rafael Merry del Val both as CEO and Vice Chairman of the Board. Also the team that previously led both companies, including Borja Sierra, José Navarro, Jaime Pascual-Sanchiz, Javier Echeverría and Angel Serrano, will be part of this Board of Directors. In Barcelona will be Anna Gener and Arturo Diaz to lead the business, both as presidents.
In Portugal, Paulo Silva and Patrícia Liz will maintain the company's leadership as Head of Country and Chief Executive Officer, respectively.
Mark Ridley, Chief Executive Officer Savills UK & Europe, says that “the acquisition of Aguirre Newman represents a significant part of our continued growth in Europe. The business combination of both companies will result to Savills in a leading position in all sectors of real estate in Spain, in connection with the other countries of our global network. The service we offer our customers will be strongly leveraged as we capitalize on opportunities transversely.”
Santiago Aguirre, Chairman of the Board, Savills Aguirre Newman, says that "for the last 30 years we have become the leading Iberian company in real estate services, supported by a strong commitment to talent and innovation framed by ethics, all values we share with Savills. We firmly believe in the professional quality of our team, always putting the interests of our clients first and establishing relationships of trust based on strong dedication and long-term vision.”
Stephen Newman, CEO and Vice Chairman of the Board, Savills Aguirre Newman, believes that "with this exciting merger, Savills Aguirre Newman is even better placed to be the election consultant in every market we cover.” For Rafael Merry de Val, CEO and Vice Chairman of the Board, "we have started an extremely exciting project in which, together, we will be stronger by combining the power of the Aguirre Newman brand and Savills' entrepreneurial spirit to become a very new and powerful brand".
Paulo Silva, Head of Country, Savills Aguirre Newman Portugal, states that "Savills Aguirre Newman will significantly increase the capacity to respond to real estate issues in Portugal. With the commitment, rigor and professionalism, framed by our ethic principles, with which we are already distinguished in the Portuguese market, we will add the benefits resulting from a worldwide network with more than 30,000 employees, in their competencies and geographical distribution", he concludes.
With this operation, Aguirre Newman Real Estate Investment Management and Zaphir Asset Management will be transferred to Savills Investment Management.
The acquisition value of Aguirre Newman is €67 million, paid in 5 years.