Savills Expands Workthere with Acquisition of Situu

International real estate advisor Savills has expanded its flexible office specialist Workthere with the acquisition of Situu, a market-leading flexible advisory business. Situu, established in 2019 by co-founders Dan Brown, Tom Leahy, Peter Hall, and Harry Murphy, has grown into a 10-strong London-based agency specializing in the delivery and marketing of managed office space for landlords. The firm also secures serviced, managed, and leased space for occupiers and serviced office operators across the capital.

At Savills, Situu will merge with Workthere, enhancing its existing flexible office advisory service for occupiers, operators, and landlords. This integration creates a comprehensive offer across the entire flexible office spectrum.

Cal Lee, global head of Workthere, notes that the acquisition responds to a structural change in office leasing markets, emphasizing the growing need for specialized flex advisory services for landlords, investors, operators, and occupiers. Workthere and Situu bring complementary strengths to the table, with Situu focused on the flex managed leasing market. This combined expertise, along with Savills’ existing occupier services and leasing offer, positions the company to provide a broad, best-in-class flex advisory for clients.

Speaking on behalf of the Situu co-founders, Peter Hall expresses that joining Workthere is the next logical step in the company’s growth journey. Becoming part of Workthere, with Savills’ overarching support, enables Situu to offer clients a more comprehensive service while accessing Savills’ existing client base. As the demand for serviced and managed space under 10,000 sq. ft. continues to rise, Situu sees significant opportunities for the flex sector to evolve further in the long term.

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