Savills Completes Cordeau Marshall Acquisition

04 August 2015

Savills has confirmed the completion of its acquisition of the Sydney-based real estate agency Cordeau Marshall, a leading residential agency specialising in Sydney’s North Shore and Double Bay market.

The Cordeau Marshall business will be re-branded Savills Cordeau Marshall.  

Cordeau Marshall’s founder and principal, Craig Marshall, will continue to manage and operate the residential sales and rentals business, with the existing team remaining in place.

Together with the five residential offices in Gordon, Lindfield, St Ives, Turramurra and Roseville, Savills has also acquired the Cordeau Marshall rent roll of 700 plus properties.

Savills also announced the launch of a flagship residential office in Double Bay. Located at 418 New South Head Road, the office will offer the full range of residential services, including sales, rentals and property management.

“Building our residential business has been part of our strategic growth plan for some time, so the addition of the Cordeau Marshall business together with the opening of the prestigious Double Bay office, will provide Savills with a significant footprint and a strong platform for further growth in the residential market.

“This platform will also provide greater depth and coverage of the Sydney market, particularly for the apartment projects to be marketed in this region with a massive database of owner occupiers, downsizers and an active clientele of investors,” said Ged Rockliff, Head of Savills Residential.

Craig Marshall, Director – Savills Cordeau Marshall added, “Having operated a family business for over 30 years this is an exciting new adventure for myself and my team.  At Cordeau Marshall we have always prided ourselves on integrity, professionalism and expertise, and I am delighted that the Savills culture, ethics and principals are in alignment with what we have always set out to achieve.

“This synergy will also allow us to leverage off a global network and brand, giving our property portfolio unrivalled exposure and placing our clients and properties within the world’s reach.”

This investment follows the opening of a Savills Residential office in Chinatown earlier this year, and will see Savills stand alone as the only provider of a complete range of residential services.

Paul McLean, Savills CEO Australia and New Zealand, said, “This is an exciting venture for the Savills business and we are delighted to welcome the Cordeau Marshall team to the Savills network.”

The Savills Cordeau Marshall business will offer clients a much broader package than currently exists, from managing properties to selling high end luxury, it can all be achieved under the one roof with the support of a global leader in real estate, coupled with local knowledge and community support.

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Key Contacts

Ged Rockliff

Ged Rockliff

Head of Residential
Residential

Savills Sydney

+61 (0) 2 8215 8861