The agreement will see Savills expand its footprint into retail centre management and offer a full spectrum of management services within its client offering with the integration of some of Brisbane’s best, industry-leading centre management experts into the global brand’s Australian and New Zealand business.

Site8, founded by Peter Kneipp in 2008, has been recognised as one of the Brisbane property industry’s most well-respected, independent property management agents, with almost two decades of experience managing some of the best-known supermarket-based shopping centres throughout Queensland and northern New South Wales.

Speaking on the acquisition, Savills Australia and New Zealand CEO, Paul Craig said, “For more than a decade Site8, under Peter’s management, has had a reputation for being one of Queensland’s best retail management agencies.

“Integrating its enviable client portfolio and team expertise into our business is in line with our strategy to further strengthen our already extensive retail capabilities throughout Australia and the region, take a larger share of and expand our offering in, the Queensland retail management sector.

“I look forward to welcoming Peter and his team to the Savills Australia and New Zealand business in coming weeks,” Mr Craig concluded.

Anthony Ott, State Managing Director – Queensland at Savills said, “The addition of Peter and his team to the Brisbane office serves to bolster our already strong retail management capability in the market.”

Peter Kneipp, founder and former director of Site8, who will take on the role of National Director - Retail Management at Savills, said, “I’m delighted to partner with Paul and the Savills Australia and New Zealand senior leadership team as we announce the acquisition today.

“Entering this strategic partnership with and becoming part of a globally connected brand like Savills Australia and New Zealand enables us, together, to enhance our offering and deliver even greater value to our clients, and the centres we manage in collaboration with them,” Mr Kneipp said.

The team of 14 staff will join Savills in Brisbane on Monday, 14 August.