Savills plc
Company typePublic limited company
IndustryReal estate
Founded1855; 169 years ago (1855)
Headquarters33 Margaret Street, London, W1G 0JD
Key people
RevenueIncrease £2,298.3 million (2022)[1]
Decrease £158.2 million (2022)[1]
Decrease £119.8 million (2022)[1]
Websitewww.savills.co.uk

Savills plc is a British real estate services company based in London. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The business was established by Alfred Savill (1829–1905) in 1855 in London.[2] By the time of Alfred Savill's death in 1905 his sons Alfred, Edwin and Norman were established in partnership. In the 1920s the firm moved to Lincoln's Inn Fields. During the Second World War Norman Savill went to Wimborne in Dorset, taking vital records with him. The remaining partners stayed at Lincoln's Inn Field. By the 1970s, the firm was re-branded as Savills. The firm was incorporated as a limited company in 1987 and was listed on the London Stock Exchange in 1988.[3]

In 1997 Savills merged with First Pacific Davies (Chinese: 第一太平戴維斯) in Asia.[4] In 1998 it bought majority stakes in the German, French and Spanish arms of Weatherall, Green & Smith. In June 2015 it completed the acquisition of Smiths Gore, provider of rural and residential property services in the UK.[5] In June 2016, Savills plc announced its proprietary investment subsidiary, Grosvenor Hill Ventures, had acquired a minority stake in YOPA Property Ltd, a UK-based online hybrid estate agent.[6]

Savills announced in August 2016 that it had acquired GBR Phoenix Beard, a Midlands-based commercial property consultancy, strengthening its UK real estate services.[7] Expansion continued in July 2017, with the acquisition of Larry Smith Italia, a leading commercial management and leasing business in Italy.[8] The company's European operations grew further in December 2017 when Savills acquired Aguirre Newman S.A., the leading independent Spanish and Portuguese real estate advisory; the newly combined business was rebranded as Savills Aguirre Newman in January 2018.[9]

Operations

The company provides property consulting services from offices throughout the Americas, Europe, Asia Pacific, and Middle East.[10]

See also

References

  1. ^ a b c "Preliminary Results 2022" (PDF). Savills. Retrieved 16 March 2023.
  2. ^ Europe's Elite 1000 2001. Cadogan Publications. 2000. ISBN 978-0953427628. The Millenium festival featured FPD SAVILLS Founded by Alfred Savill in 1855
  3. ^ "Title Deed". Mortgage Strategy. 24 April 2006. Retrieved 27 January 2023.
  4. ^ "First Pacific Davies forms alliance with top British property agent". South China Morning Post. 9 September 1997. Retrieved 3 April 2015.
  5. ^ "Land agent Savills buys Smiths Gore for £40m". Farmers Weekly. 22 April 2015. Retrieved 15 April 2016.
  6. ^ Burn-Callander, Rebecca (3 June 2016). "Savills squares up to Purplebricks by backing estate agent rival Yopa". The Telegraph. Telegraph Media Group. Retrieved 3 June 2016.
  7. ^ "GBR Phoenix Beard bought by global property agency". Birmingham Post. 12 August 2016. Retrieved 2016-08-12.
  8. ^ "Savills acquires retail experts Larry Smith Italia". PropertyEU. Retrieved 2017-07-05.
  9. ^ "Savilles completes acquisition of Aguirre Newman". www.property-magazine.eu. Retrieved 2018-01-11.
  10. ^ "Savills bolsters property management and agency businesses with opportunistic buys, new hires [article]". edgeprop.sg. 18 November 2022. Retrieved 19 November 2022.

Further reading

External links

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Real estate in the United Kingdom
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