Savills hooks up with REinnov8 in Turkey
International real estate advisor Savills has formed a co-operation partnership with REinnov8 in Turkey, in order to support its continued expansion across Europe, the Middle East and Asia.
Savills and REinnov8 have already been instructed on a large sales mandate for an international retailer in Turkey.
REinnov8 was founded by 8G Capital Partners, a private equity firm primarily focused on asset management and transaction advisory services and established in 2007. REinnov8 will offer commercial and residential real estate services. 8G Capital Partners also founded Elit Blue, Savills residential associate in Cyprus.
James Sparrow, CEO, Savills UK & EMEA, comments: “We continue to expand our teams and areas of expertise in order to offer the very best service for our global client base. We are confident that this partnership will enable us to establish a strong presence in Turkey, helping occupiers and investors and linking to our growing presence in the region.”
Tassos Kotzanastassis, chairman of REinnov8, says: “Turkey boasts one of the largest and youngest populations in Europe. Its commensurately large property market is being transformed by both cyclical and structural factors. Our association with one of the global leaders in real estate will give us and our clients access to first-class advice across the Savills network of over 600 offices in 70 countries.”