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Savills sees deals boost as staff ordered back to office
(Sharecast News) - Real estate agency Savills posted a large jump in annual earnings and said transaction volumes this year would be lifted by companies ordering staff to spend more time in the office. Underlying pre-tax profit rose 38% to £130.4m last year on revenue of £2.4bn, up 7%.
"We expect re-financing driven activity and the trend towards corporates requiring greater office attendance for staff to continue to be positive for transaction volumes," chief executive Mark Ridley said on Thursday.
"Markets were in recovery as we entered 2025 and, whilst uncertainty continues, there remains the expectation of reductions in the cost of capital during the year."
Reporting by Frank Prenesti for Sharecast.com
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