TLT has advised Savills in the acquisition of GBR Phoenix Beard Holdings, a leading West Midlands property consultancy.
The combination of Savills and GBR Phoenix Beard will create a leading advisory firm in Birmingham, offering expertise in property management, agency, building surveying and investment.
The 205 people employed by GBR Phoenix Beard Holdings will join Savills with immediate effect and in due course both companies will relocate to a new combined office.
The TLT team was led by corporate partner, John Wood and corporate solicitor, Thomas Rees.
TLT's John Wood said: "This is a strategic acquisition, which further enhances our client's national and regional platform. We have worked with Savills for a number of years and understand their business needs. This is a fantastic opportunity for our client, which further strengthens its market position and adds depth to its client offering."
Recently TLT's team advised Savills subsidiary, Grosvenor Hill Ventures, on its investment in YOPA, an online hybrid estate agent focusing on the high volume segment of the UK residential property market.