Company Tag: Savills

The prime London property market is historically stable, with prime London house prices recording an unprecedented two and a half years of steady growth, according to the latest from Savills.

Shares in Savills have dropped by 7.4% as Oaktree Capital - who just floated Countrywide - sold nearly 6% of the business (approx. 7.8 million shares), according to Thompson Reuters.

Savills' pretax profits rose 21% to £60.8m on a group revenue of £806.4m (up 12% on the year) in 2012, thrashing most analysts' expectations.

Prices in Scotland's prime market (classed as anything over £400,000) have fallen 20% from peak, according to the latest figures from Savills.

Savills' residential property auction, held on Monday, broke the firm's capital value result record, bringing in over £50m through 195 lots (Savills' largest catalogue for two years).

Ian Stewart, Chairman of Prime Purchase and formerly Head of London Residential and Main Board Director of Savills has joined the Board of Deverell Smith Recruitment as a Non-Executive Director.

After a solid ten years in the salubrious suburb of suburbs, Savills Chiswick is trading up to a new base on Turnham Green Terrace next month.

Maria Magnussen, a former Private Clients Director at Savills, has joined bridging loan specialist Dragonfly Property Finance as Senior Business Development Manager.

Edward Pettit-Mills has joined Savills' Country House Consultancy business as an Associate in Newbury.

Savills have come up with a nifty way of getting their property forecasts out there, launching an interactive "Five Year Forecast Tool" that can be used either straight from the Savills website, or be…

Cordea Savills's first London Residential Development Fund has started buying, spending £40m on two adjacent properties in Chelsea.