Savills has acquired specialist residential management business Chainbow.
Established in 1989 by chairman and chief executive Roger Southam, Chainbow employs 28 people, all of whom will join Savills with immediate effect, including managing director Nigel Bosworth and associate directors Gail Lawrence and Niccie Storr.
Chainbow specialises in residential block management for the rental market and property management and consultancy services for clients including Taylor Wimpey, Englander Group and Westrock.
Mark Ridley, chief executive of Savills UK and Europe, said: “Chainbow has an established and well-respected reputation across the property management spectrum, particularly in the residential and estates arena.”
Nick Herward, head of property management at Savills, said: “Property management is a key service line for our business and the integration of Roger, Nigel and their team will be a catalyst to augment our Central London offer.”
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