Savills has recently announced the expansion of its relationship with US-based luxury residential real estate broker, The Corcoran Group. The cooperative agreement, which already covers New York, The Hamptons and South Florida, now also encompasses Miami.
This announcement comes at a time of heightened US dollar-based buyer interest in the prime residential markets of London and across other European and world city markets, and when the migration of wealth throughout the US is more pronounced than ever.
The alliance between the two companies, a cross-referral agreement covering residential property services, allows Savills and Corcoran clients to connect with buyers and sellers in more than 70 countries around the world.
Commenting on the agreement, Savills Private Office Director Rory McMullen, who is responsible for North America cross border residential, said: “Corcoran has an incredibly impressive track record and their commitment to high levels of client service are a perfect fit for our brand. Our clients have truly global residential real estate interests and requirements, and the expansion of our exclusive agreement with Corcoran will allow us to service those requirements still further.
“Savills works across both new build and second hand residential markets and our Corcoran agreement further facilitates conversations between international developers, agents and vendors and US wealth looking to access overseas markets. The existing relationship in place between both our companies has already proven fruitful and building on this relationship through the Miami expansion represents a unique opportunity for our clients and for our two companies.”
“I am thrilled that Corcoran and Savills, two of the biggest names in real estate, are expanding our exclusive agreement into Miami,” said Pamela Liebman, Corcoran’s President and CEO. “Discerning buyers from around the world continue to choose Miami for its vibrant lifestyle, sunny weather and favorable tax benefits. Not only does Savills have an impeccable reputation, this expansion will provide even further exposure for our clients’ properties and Corcoran Sunshine’s industry-leading residential development opportunities.”
