Savills adds to management team with new acquisition
Savills has announced the acquisition of place shaping specialist Central Management Solutions (CMS). Established in 2011 by Paul Clement, CMS employs 28 staff members, all of whom will join Savills with immediate effect with Clement becoming head of place shaping.
With a national coverage, CMS has built a strong reputation and client base across the UK providing place-shaping and place-marketing services, with the aim of transforming town and city centres to create locations where people want to live and work.
The firm has a particular specialism in developing, renewing and managing Business Improvement District companies, which creates an immediate synergy with Savills’ property management division, particularly in terms of its retail, marketing and commercialisation services. CMS currently provides management support to 11 BID locations and is developing new BID models in Maidstone, Colchester, Royal Tunbridge Wells, Andover and Stoke-On-Trent.
Nick Herward, head of property management at Savills, said: “Having an in-depth knowledge of the areas in which our clients operate and own schemes is a vital part of our service and the integration of CMS will therefore provide a fundamental new offer to our existing business, as well as complementing the overall expertise within the management division. The importance of place making and the return investment that BIDs can bring to an area is crucial to ensuring the success of any development and this acquisition underlines our commitment to providing a first class and comprehensive client service.”