Savills plc is a British

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

services company based in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

. It is listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

and is a constituent of the

FTSE 250 Index The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septemb ...

History

The business was established by

Alfred Savill Alfred Savill (1829–1905) was the founder of Savills, one of the United Kingdom's largest estate agents. Career Born in Chigwell, Essex, Alfred Savill became a land agent, surveyor and auctioneer.

(1829–1905) in 1855 in

. 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 Lincoln's Inn Fields is the largest public square in London. It was laid out in the 1630s under the initiative of the speculative builder and contractor William Newton, "the first in a long series of entrepreneurs who took a hand in develo ...

. During the

Second World War World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

Norman Savill went to Wimborne in

Dorset Dorset ( ; archaically: Dorsetshire , ) is a county in South West England on the English Channel coast. The ceremonial county comprises the unitary authority areas of Bournemouth, Christchurch and Poole and Dorset (unitary authority), Dors ...

, 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

in 1988. In 1997 Savills merged with First Pacific Davies () in

Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...

. In 1998 it bought majority stakes in the

German German(s) may refer to: * Germany (of or related to) **Germania (historical use) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizens of Germany, see also German nationality law **Ger ...

French French (french: français(e), link=no) may refer to: * Something of, from, or related to France ** French language, which originated in France, and its various dialects and accents ** French people, a nation and ethnic group identified with Franc ...

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. 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. Savills announced in August 2016 that it had acquired GBR Phoenix Beard, a Midlands-based commercial property consultancy, strengthening its UK real estate services. Expansion continued in July 2017, with the acquisition of Larry Smith Italia, a leading commercial management and leasing business in Italy. 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.

Operations

The company provides consulting services and advice (such as valuation, building consultancy, project management, engineering & sustainability consultancy, environmental consultancy, landlord and tenant, planning, strategic projects and research) in connection with commercial, residential and agricultural properties, property-related financial services and investment management, which includes investment management for institutional or professional investors. Savills operates from over 600 owned and associate offices, employing more than 39,000 people in over 70 countries throughout the

Americas The Americas, which are sometimes collectively called America, are a landmass comprising the totality of North and South America. The Americas make up most of the land in Earth's Western Hemisphere and comprise the New World. Along with th ...

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

, Asia Pacific,

Africa Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...

and the

Middle East The Middle East ( ar, الشرق الأوسط, ISO 233: ) is a geopolitical region commonly encompassing Arabian Peninsula, Arabia (including the Arabian Peninsula and Bahrain), Anatolia, Asia Minor (Asian part of Turkey except Hatay Pro ...

Australia

In 2016 Australia rose to second place after Japan for cross border capital inflow in the Asia Pacific region, largely due to an increase in China's investment in Sydney's CBD, up 44 per cent from $4.5 billion the year before to $6.46 billion. In May 2013 Savills set the record for the highest price for a development site in Brisbane with the sale of the Supreme Court site at 300 George Street for $63M to the Taiwanese developer Shayher Group, to become a mixed-use precinct including a five-star hotel. Shayher Group was required to build a 65,000sqm residential, serviced apartment tower and a 45,000sqm commercial office tower.

Indonesia

In May 2014, Savills announced it has established a presence in Jakarta, Indonesia, working in partnership with local experts, Property Connection Indonesia. In 2015 Savills established an Office Services and Occupier Representation capability, expanding its Jakarta based business, when staff joined Savills Indonesia from property consultancy JLL.

United States

In June 2014, Savills announced it had acquired 100% of Studley, Inc. a leading US independent commercial real estate services firm specialising in tenant representation with twenty five offices across the United States. Within the US, the new business was branded as Savills Studley. Studley was acquired in a $260 million deal including cash, Savills stock and promissory notes. Studley was founded in 1954 by Julien Studley, and in 2002 was bought by its 139 partners. The Savills deal brought more than 400 brokers and 175 support workers from Studley to the new firm.

Malaysia

In February 2015, Savills announced it had acquired a substantial shareholding in a Malaysian real estate business, previously trading as CBRE in Malaysia. The business has close to 300 staff, and offices in Kuala Lumpur, Penang and Johor.

Middle East

In June 2018, Savills announced it had acquired Cluttons Middle East business. Providing Agency, Management and Consultancy advice in both the Commercial and Residential sectors, the business employs 190 staff in offices across the UAE, Bahrain, Egypt, Oman and Saudi Arabia. The acquisition, which was completed on 31 May 2018, saw Savills take full ownership of Cluttons Middle East, which had been established in the region for more than 40 years. Cluttons Middle East is due to be re-branded as Savills during 2018.

Vietnam

Savills Vietnam is the largest real estate practice in Vietnam, with offices in

Hanoi Hanoi or Ha Noi ( or ; vi, Hà Nội ) is the capital and second-largest city of Vietnam. It covers an area of . It consists of 12 urban districts, one district-leveled town and 17 rural districts. Located within the Red River Delta, Hanoi is ...

, Danang and

Ho Chi Minh City , population_density_km2 = 4,292 , population_density_metro_km2 = 697.2 , population_demonym = Saigonese , blank_name = GRP (Nominal) , blank_info = 2019 , blank1_name = – Total , blank1_ ...

. In addition to residential real estate and investment brokerage, Savills Vietnam is also active in the hotel and leisure sector. In addition to providing advisory and industrial services, Savills Vietnam is also active in property management.

Monaco

Savills Monaco was created in 2011 and works to promote residential properties in Monaco. Savills often comments on the Monaco property market and releases a Spotlight market report each year. Savills Monaco research is a source for English language news publications who published the data showing Monaco outranking Hong Kong, New York, London and Paris for the average price per square metre.