Founded in 1847, 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. Smiths Gore specialises in the management of rural property for private clients, institutions and the public sector.
The transaction completed on 31 May 2015. Savills acquired the business and assets of Smiths Gore for up to £40 million in cash.
Andrew Harle, Senior Partner of Smiths Gore, commented: “Merging with Savills is entirely consistent with our objectives of enhancing our offering in the rural market and developing our range of complementary agency and consultancy services. With Savills dedicated rural and residential divisions together we will bring a balance of strengths to boost existing teams with the ability to form new ones through Savills impressive agency and strong brand.”
Corporate partners Doug Preece and Tina Williams led the Fox Williams team, with assistance from partners Elizabeth Ruff (real estate) and Mark Watson (employment).