Cushman & Wakefield adds London boutique to fold.

Cushman & Wakefield has purchased Andrew Mayer Tyser, the boutique investment and development firm based in the City of London.

The firm comprises partners Andrew Mayer and Bill Tyser who will join Cushman & Wakefield as equity partners. Terms of the agreement were not disclosed.

Mayer and Tyser will work together with London investment partners, Alastair Hilton and Robert Buchele, and will be part of the Cushman & Wakefield 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. Tyser was previously a partner in the London investment department of Knight Frank.

Andrew Mayer Tyser is one of London's leading specialist firms. Over the last 12 months it has advised on transactions valued at more than 300 million [pounds sterling] including the purchase of The Governor's House (The Prudential headquarters in Laurence Pountney Lane, EC4) and the sale of 11-19 Throgmorton Avenue, EC2. It specializes 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 is right to become part of a leading global organization. Our existing clients will benefit from the additional opportunities and breadth of support, from those services that Cushman & Wakefield 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 Cushman & Wakefield's proven track record in London."

Tim Sketchley, Chairman of the Capital Markets Group, EMEA (Europe, Middle East and Africa) at Cushman & Wakefield, said: "This acquisition will help us build still further our London investment practice where the volume and quality of our instructions have been increasing consistently every 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 leasing market is improving. It is a great time to invest in this market and we are delighted to have Andrew and Bill on board."