Marler & Marler has been in operation since 1858. The acquisition adds some of London’s most exclusive neighborhoods to the realtor network.
The UK outpost of Warren Buffett’s global real estate company Berkshire Hathaway HomeServices has acquired 163-year-old London real estate agency Marler & Marler.
The companys Acquisition will expand BHHS ‘presence in Prime Central London just three years after entering the UK market and only five years after become international. This acquisition will also add some of London’s most exclusive neighborhoods to its markets including Knightsbridge, Kensington, South Kensington, Belgravia and Chelsea.
“Strategically, having a presence south of Hyde Park had to be our first port of call as we develop the Berkshire Hathaway HomeServices brand in London,” said Samuel Bikhit, chairman of Berkshire Hathaway HomeServices London, and Martin Bikhit, general manager, in a statement. “Marler & Marler’s prominent location on Sloane Street gives us coverage of London’s true super-prime neighborhoods and markets, where our now vastly expanded global customer base regularly seeks our assistance in finding new homes.”
The company has offices in Marylebone, Hyde Park and Kings Cross which trade under the London Kay & Co brand. The new location will operate as Berkshire Hathaway HomeServices London Marler & Marler.
“We greatly admire Berkshire Hathaway HomeServices’ mantra of ‘relationships over transactions’ and their’ forever ‘ideology that they have revered around the world,” said Marler & Marler partners, Mark Greenland and Alun Jones. “We are very excited about the exceptional opportunity offered by the Berkshire Hathaway HomeServices brand and look forward to growing our business both in London and nationally – thanks to the global reach of Berkshire Hathaway HomeServices – and starting this new chapter.”
This is only the first in a series of planned expansions. The company aims to open up to ten more offices in London over the next ten years and plans to achieve its goal through acquisitions and joint ventures with other agencies.
Founded From billionaire Warren Buffet in 2013, the company has since built a roster of over 50,000 agents and nearly 1,500 offices around the world. Important areas are the USA, Canada, Great Britain, Germany, Italy, Spain, Portugal, Mexico, the United Arab Emirates and India.
Email Kelsey Ramírez