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Studley partnership to serve UK market.

The commercial real estate services firm, Studley, announced the acquisition of a substantial interest in AOS, a leading European provider of tenant solutions.

Studley and AOS have become joint partners in a newly formed company which will operate in the U.K. and Continental Europe under the name AOS/ Studley.

The venture, which from the outset has offices throughout the United States, as well as an office in London, Paris, Brussels, Rotterdam, Lausanne, Madrid, and Shanghai, will provide tenant-focused real estate services for organizations around the world. Headquartered in New York, Studley has 500 employees in its 19 offices in major urban centers across the United States and an office in London. AOS is based in Paris and has 400 employees in its offices in five major European cities, London and Shanghai.

AOS/Studley intends to expand into growth markets in Europe and Asia.

Michael Colacino, Studley president, commented, "We are delighted to associate ourselves with AOS in order to form AOS/Studley. As a result of this transaction, our venture will be the only true global real estate firm that specializes in representing tenants.

Both AOS and Studley have become successful by remaining focused on providing exemplary, comprehensive advisory services to users of space. We are confident that our new European partners share our values, and are equally committed to providing the quality service that Studley has been delivering to its clients since 1954."

Gilles Betthaeuser, chairman and CEO of AOS added, "We look forward to the many international opportunities which AOS and Studley will now be able to pursue jointly, both across the Atlantic and worldwide. In addition to being global, AOS/Studley understands local practices in the markets it serves and is well equipped to assist multinational companies with their real estate requirements."

Hill Street Capital LLC acted as financial advisers to Studley, while financing was obtained from Credit Lyonnais and Hermes Partners.
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Publication:Real Estate Weekly
Date:Sep 20, 2006
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