London-based Savills PLC and Miami-based Fortune International Group have formed an alliance, Fortune announced on Thursday.
“The Miami real estate market is now one of the strongest and most international residential markets in the world, making Fortune’s membership of an international network all the more relevant,” Rupert Sebag-Montefiore, head of global residential for Savills, said in a statement.
Savills, which is listed on the London Stock Exchange, has more than 600 offices and 30,000 employees in Europe, Asia Pacific, Africa, North and South America and the Middle East. Savills acquired Studley in 2014, which is now Savills Studley.
Fortune International Group and its brokerage, Fortune International Realty, have about 1,000 associates in 15 offices in Florida, as well as a presence in Latin America. Eighty percent of its sales in the last two years have been to foreign nationals from 82 countries, according to a press release.
“Fortune International Group’s expertise in working with international buyers and sellers makes our alliance with Savills an exciting one,” Fortune President and CEO Edgardo Defortuna said in the release. “Our strong US and Latin American presence complements Savills’ reach into other parts of the world.”