London-based advisor property Savills has announced the acquisition of Gresham Down Capital Partners, a specialist in central London investment and asset management. The company provides investment advisory and brokerage advice focusing primarily on the Central London commercial property, as well as asset management services and works with international and domestic investors including UK REITS and High Net Worth investors.

Clients include Delancey, IVG, Aberdeen Asset Management, Starwood Capital, Santander, Societe Generale, Rockspring and UBS. In the past 24 months the team has been involved in over £2 bn (EUR 2.4 bn) of transactions across London and last year they acted for Irish Group Warren and Partners in selling the Goldman Sachs’ headquarters at River Court in Fleet street to Joseph Lau’s Chinese Estates for £280 mln.

In a statement, Savills chairman Mark Ridley said: 'We have taken significant steps to boost our Central London presence and this acquisition marks a further movement towards growing a greater market share.'

The team will relocate to Savills with three team members moving to its City offices and a further five to the West End offices from mid January. Company founder Stephen Down will undertake the role of head of Central London Investment and has been invited onto the Commercial Board of Savills.