{"id":1004100986,"date":"2014-07-23T06:25:20","date_gmt":"2014-07-23T14:25:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004100986"},"modified":"2022-12-08T18:24:16","modified_gmt":"2022-12-09T02:24:16","slug":"july-issue-the-quarter-billion-dollar-merger","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/july-issue-the-quarter-billion-dollar-merger\/","title":{"rendered":"JULY ISSUE: The Quarter-Billion-Dollar Merger"},"content":{"rendered":"<p><em>By Barbra Murray, Contributing Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/CPE_11-14-1.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004100990\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/july-issue-the-quarter-billion-dollar-merger\/cpe_11-14-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/CPE_11-14-1.jpg\" data-orig-size=\"1576,1558\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"CPE_11-14-1\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/CPE_11-14-1.jpg?w=1024\" class=\"alignleft size-medium wp-image-1004100990\" alt=\"CPE_11-14-1\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/CPE_11-14-1.jpg\" width=\"300\" height=\"296\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/CPE_11-14-1.jpg 1576w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/CPE_11-14-1.jpg?resize=300,297 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/CPE_11-14-1.jpg?resize=768,759 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/CPE_11-14-1.jpg?resize=1024,1012 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/CPE_11-14-1.jpg?resize=1536,1518 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Sixty years after its establishment as a tenant-focused brokerage firm, and a dozen more after its management-led buyout, Studley has gone global, merging with London-based Savills PLC, a leading international player in commercial real estate occupier representation. With the $260 million merger closed, the companies are now one, operating in the U.S. as New York-headquartered Savills Studley.<\/p>\n<p>The merger agreement called for Savills to purchase Studley in a deal involving cash, 6.1 million new Savills ordinary shares valued at as much as $65 million and promissory notes with a face value of as much as $130 million.<\/p>\n<p>The reasons for the union were simple: \u201cOrganizations are increasingly approaching real estate as a global activity,\u201d Mitchell Steir, chairman &amp; CEO at Savills Studley, told CPE. \u201cWe\u2019ve had increasing demand from our domestic clientele for assistance in Asia and other key markets. The strategic combination of Savills and Studley allows us to better serve our clients\u2019 needs and build new relationships around the world.\u201d<\/p>\n<p>Read the full article in the\u00a0<a href=\"https:\/\/digital.commercialsearch.com\/news\/publication\/?i=214831&amp;p=11\">July 2014 issue\u00a0<\/a>of\u00a0<em>CPE<\/em>. Access is free!<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sixty years after its establishment as a tenant-focused brokerage firm, and a dozen more after its management-led buyout, Studley has gone global, merging with London-based Savills PLC.<\/p>\n","protected":false},"author":969,"featured_media":1004100990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004100986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>JULY ISSUE: The Quarter-Billion-Dollar Merger - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/july-issue-the-quarter-billion-dollar-merger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JULY ISSUE: The Quarter-Billion-Dollar Merger\" \/>\n<meta property=\"og:description\" content=\"Sixty years after its establishment as a tenant-focused brokerage firm, and a dozen more after its management-led buyout, Studley has gone global, merging with London-based Savills PLC.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/july-issue-the-quarter-billion-dollar-merger\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-23T14:25:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:24:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/CPE_11-14-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1576\" \/>\n\t<meta property=\"og:image:height\" content=\"1558\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/july-issue-the-quarter-billion-dollar-merger\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/july-issue-the-quarter-billion-dollar-merger\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"JULY ISSUE: The Quarter-Billion-Dollar Merger\",\"datePublished\":\"2014-07-23T14:25:20+00:00\",\"dateModified\":\"2022-12-09T02:24:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/july-issue-the-quarter-billion-dollar-merger\\\/\"},\"wordCount\":184,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/july-issue-the-quarter-billion-dollar-merger\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/07\\\/CPE_11-14-1.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/july-issue-the-quarter-billion-dollar-merger\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/july-issue-the-quarter-billion-dollar-merger\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/july-issue-the-quarter-billion-dollar-merger\\\/\",\"name\":\"JULY ISSUE: The Quarter-Billion-Dollar Merger - 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