Marriott Harrison was delighted to act for international reach estate giant iad on their acquisition of David Lee Estates Ltd, the estate agency platform, spearheading their launch into the UK.
iad is a global network of real estate independent agents and is well established in France, Italy, Spain, Germany, Portugal and Mexico, with annual revenues of over £500m and 20,000 partner agents. Through its acquisition of David Lee, iad is able to continue its expansion plan launching in the UK.
President of iad, Clément Delpirou commented, “The United Kingdom is a key country for our expansion as the world’s fourth largest market in the value terms and one that we recognise as Europe’s most valuable.”
The MH team were pleased to continue to develop and strengthen our international credentials. Ben Devons led the team which included Kimberley Lam’s Descamps (Corporate), Chris Mooney and Elisabetta Bestetti (Commercial), Katerina Heal and Michael Hansby (Tax), Ed Belam and Sofia Gottgens (Employment) and Harry Peel (Real Estate).