Andrew Mayer and Bill Tyser to join Cushman & Wakefield
8 Sep, 2006, London
Cushman & Wakefield is to buy the niche City of London investment and development firm Andrew Mayer Tyser.
The firm comprises partners Andrew Mayer and Bill Tyser who will join Cushman & Wakefield as equity partners with immediate effect. The price has not been disclosed.
Andrew and Bill will work alongside City investment partners Alastair Hilton and Robert Buchele and will be part of the Central London investment team headed by Clive Bull.
Andrew Mayer founded Andrew Mayer Associates in 1996. He was previously head of investment at Vigers and a partner with GVA Grimley. The firm was subsequently re-branded as Andrew Mayer Tyser after Bill Tyser joined having been a partner in the City and West End investment department of Knight Frank. It is now one of the City's leading niche firms. Over the last 12 months it has advised on over £300 million of deals including the purchase of The Governor's House (The Prudential headquarters in Laurence Pountney Lane, EC4) for £104 million and the sale of 11-19 Throgmorton Avenue, EC2 for over £30 million. It specialises in investment, development, funding and advisory work throughout the City and its fringe areas, where much of the current development pipeline is located. Their clients include PruPIM, Morley, F & C, Land Securities, PPG, Wharton Asset Management and many private overseas investors primarily from the Middle East.
Andrew Mayer, partner, AMT, said: "We have had an extremely successful and profitable 11 years but the time now feels right to become part of a global organisation. Our existing clients will benefit from the additional opportunities and breadth of support, from those services that C&W offers outside our specific skills of investment and development. The two practices complement each other very well and, together, we look forward to building on C&W’s proven track record in the City."
Tim Sketchley, Chairman of the Capital Markets Group at Cushman & Wakefield, said: "This acquisition will help us build still further our City investment practice where the volume and quality of our instructions have been increasing consistently year on year. We are fortunate to have had a professional relationship with Andrew and Bill for many years; they have a fantastic reputation and are a great fit with our existing team. The London investment market remains strong and the occupier market is improving. It is a great time to invest in this market and we are delighted to have Andrew and Bill on board."
Cushman & Wakefield's Central London investment team has enjoyed a very good year advising on over £1.5 billion of property deals including the purchase of 35 Basinghall Street, EC2 for £207.5m and 99/101 Queen Victoria Street EC2 for £66.3m.
Andrew and Bill will be based in Cushman & Wakefield's City office at King William Street. The office comprises 45 people across all the service lines of office agency, investment, development, property management, project management, lease advisory, retail and client solutions.