OMEGA Immobilien Group Acquisition
Savills has announced the acquisition of Cologne-based property manager OMEGA Immobilien Management GmbH and its facilities management subsidiary, OMEGA Immobilien Service GmbH as it moves to strengthen its position in Germany.
The principal companies in the OMEGA Immobilien Group provide a range of integrated services in offices, shopping centres, residential complexes and car parks across Germany.
Announcing the the acquisitions, James Sparrow, Savills UK and EMEA chief executive, said: "Our German business continues to go from strength to strength and this was a great opportunity to add a well-established property and facilities management specialist to complement our existing areas of client service in Europe’s largest economy. This further supplements our strong European property management network and will allow us to service clients in Germany as part of a national or pan-European requirement."
Marcus Lemli, chief executive of Savills Germany and Head of European Investment, added: "With this acquisition we are closing a strategic gap and expanding our range of services in Germany. The OMEGA Immobilien businesses, which operate nationwide, provide us with a well-established and highly regarded property and facilities management platform in Germany."
In 2019, Savills generated more than 35 per cent of its revenue from its global property and facilities management business.