Cluttons, the property consultancy, has today announced that it has sold its Middle East business based in Dubai to Savills. The sale concludes a key step in the growth strategy for Cluttons UK which will continue to operate as an independent business, focusing on both the commercial and residential markets.
Commenting on the announcement, James Gray, managing partner of Cluttons UK, said:
“We have a clear and ambitious growth plan for the business and today’s announcement is in line with our vision and decision to focus on the UK market. The Cluttons brand is highly regarded and we are recognised for our unique insights and expertise. As a result, the UK business is performing well, and we will continue to invest in exceptional talent and in enhancing our client offer.”
Over the past 12 months, we have driven a programme of simplification through the structure of the UK business. This coupled with a renewed approach to partnerships and investment will enhance the offering to our clients and the value we return on their portfolios.
Recent developments include the announcement in March that Cluttons UK had joined the European Valuers’ Alliance, a network which combines the expertise of market-leading valuation companies across ten European countries, expanding its footprint across in key markets across Europe.
The business has also continued to recruit senior industry experts, with James Beresford joining from Capita Real Estate and Infrastructure to build a new Investment Agency offer, and Henry Brewster joining the Commercial Team from West End agency Kinney Green.