Savills Expands European Presence with New Partnership in Serbia

Savills Expands European Presence with New Partnership in Serbia

(IN BRIEF) Savills has formed a strategic partnership with Cortina in Serbia to support its expansion in Europe. Cortina, based in Belgrade, offers a range of real estate services including transaction advice, valuations, and project management. This collaboration will strengthen Savills’ presence in Serbia, a country that has seen significant GDP growth, particularly in the logistics and residential markets. The partnership provides Cortina with access to Savills’ global network and investor reach. This follows Savills’ recent expansions in Croatia and Central and Eastern Europe.

(PRESS RELEASE) LONDON, 15-Jan-2025 — /EuropaWire/ — Savills, a global leader in real estate advisory services, has announced a strategic partnership with Cortina in Serbia, aimed at bolstering its European expansion efforts. Cortina, a real estate consultancy based in Belgrade, offers a range of services including transaction and investment advice, valuations, project management, development consultancy, and capital markets expertise. The partnership will allow Savills to leverage Cortina’s deep local knowledge and extensive services in Serbia, with Cortina’s team of seven professionals based at their headquarters on Dunavski kej 48 in Belgrade.

James Sparrow, CEO of Savills UK & EMEA, expressed enthusiasm about the new association, noting, “We are thrilled to welcome Cortina as our associate in Serbia. According to the International Monetary Fund (IMF), Serbia’s GDP has grown by 26.5% over the past seven years, outpacing the EU’s 10.2%. This strong economic performance, particularly in the logistics and residential sectors, makes Serbia an attractive market. This partnership enhances our ability to expand our presence in Europe and further strengthen our services for our global clients.”

Filip Tomić, CEO of Cortina, highlighted the value of the partnership, stating, “Joining forces with Savills grants us access to their extensive global network, providing us with new opportunities to connect with international investors and capital sources.”

This move follows Savills’ recent associations with DDG Group in Croatia and the appointment of Stuart Jordan as CEO for Central and Eastern Europe in 2023. These steps are part of Savills’ ongoing efforts to expand its footprint across the CEE region, bringing together its existing operations in Poland and the Czech Republic with its growing network of associates.

Media Contact:

James Sparrow
Chief Executive Officer, Savills UK & EMEA
+44 (0) 20 7409 8854

SOURCE: Savills