Â鶹ӳ»­

Property investment manager Cordea Savills is set to complete 50 transactions this year worth a total of €1.3 bn.

The company said that this is the highest volume of deals that the company has ever achieved in a calendar year.

Cordea Savills has already completed €915 mln worth of transactions and has exclusivity agreements on around €375 mln of new assets due to complete before year-end. Acquisitions account for 95% of this total while the remainder is disposals.

Kiran Patel, chief investment officer of Cordea Savills, commented: 'It has been an outstanding year for Cordea Savills. The figures demonstrate that we are currently very active in the market having won a number of single mandates from family offices and institutions, highlighting the fact that Cordea Savills is an established player in the core and core-plus space.

'Our turnover rate for 2013 is likely to be 27%. This momentum will continue into 2014 since we will be starting with over €600 mln of spending power. With further capital raising planned, we anticipate that 2014 will be another significant year for Cordea Savills.'


Prominent transactions carried out over the last year by Cordea Savills include the acquisition of the IBM building backing onto the River Thames in South East London for €143 mln on behalf of a private family office, and acquisitions totalling over €240 mln on behalf of the Bishopsgate Long Term Property Unit Trust.