CBRE has acquired leading independent commercial property agency VSL & Partners Limited (VSL).
Based in Oxford, VSL is a market-leading commercial property consultancy that provides a comprehensive range of services to landlords and occupiers in the Oxfordshire area.
Its expertise spans the Office and Industrial & Logistics property types with extensive experience in meeting the needs of occupiers in the life sciences and technology sector.
VSL will be integrated into the CBRE UK Advisory business and will report to Ross Howard, CBRE’s UK Markets COO and MD of CaMKOx (Cambridge, Milton Keynes and Oxford). VSL will continue to operate from its existing offices.
Tom Barton, Director at VSL, said: “CBRE is a world-class real estate advisor, and we are truly excited about the opportunities to join forces with them. We look forward to working collaboratively with CBRE to serve clients and grow our business in CaMKOx and beyond.”
Richard Venables, Director at VSL, added: “Our team’s detailed market knowledge, combined with CBRE’s national and international resources, will allow us to offer an even more extensive service to our established client base and new customers.”
Ciaran Bird, Divisional President, Advisory Services, UK & Ireland, said: “The acquisition of VSL is part of our strategy to grow our capabilities in the CaMKOx region, encompassing Oxford. This is a highly significant market, centred in one of the fastest-growing economies in the UK, that is seeing increased demand from tech and life sciences occupiers, as well as significant real estate development opportunities.”
CBRE is a Fortune 500 and S&P 500 company headquartered in Dallas in the US. It is the world’s largest commercial real estate services and investment firm based on 2021 revenue. The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries.