Article: 33 Margaret Street, London, W1G 0JD Peter Smith, Chairman Jeremy Helsby, CEO Simon Shaw, CFO £1,283.5 million (2015) £121.4 million (2015) £98.6 million (2015) www.savills.com
Savills plc is a global real estate services provider 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. It was incorporated as a limited company in 1987 and was listed on the London Stock Exchange in 1988. In 1997 it merged with First Pacific Davies () in Asia. 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.
Alfred Savill first set up business at 27 Rood Lane, London, as 'Savill and Son'. In 1870 the business moved to St Helen's Place. Around this time Alfred was retained as professional adviser to a number of Essex nobles. His sons Alfred, Edwin and (Henry) Norman, were already firmly established in partnership by the time of Alfred's death in 1905. Although located in the City, the firm's practice was largely agricultural. At the outbreak of World War 1, Edwin Savill was appointed by the War Office to assess compensation to landowners in Essex and Suffolk for loss of or damage to properties. In the 1920s the firm moved to Lincoln's Inn Fields.
At the time of the Second World War Norman Savill went to Wimborne in Dorset, securing vital records there. The firm’s architects worked from the Woking office. Norman Savill aside, the remaining partners stayed at the Lincoln’s Inn Field office. After the War In the 1950s the firm merged with Rees-Reynold and Hunt. In the 1960s 63 Lincoln's Inn Fields became the firm's headquarters and many new young partners were admitted. By the 70s, the firm was re-branded as Savills, having 58 partners in head office and 15 more country offices in England and Wales. Savills became a limited company in 1988 and obtained a full listing on the London Stock Exchange. In the 1990s Savills consolidated its growing presence in Asia by joining forces with First Pacific Davies Limited to become FPD Savills in 1997. Following this merger, Savills acquired a majority shareholding in the Spanish, German and French companies previously trading as Weatherall Green & Smith.
In 2000, Savills acquired First Pacific Davies and stakes in Korean Asset Advisors and BHP Korea in 2000. In the decade which followed Osborne King was acquired in Ireland. On 7 May 2008 Jeremy Helsby was appointed as Group Chief Executive. Between 2011 and 2013 Savills Investment Management acquired IPAM in Germany. In London Savills aquired Gresham Down, London Planning Practice and Thomas Davidson as well as setting up property management teams in Singapore and Sweden. After 2014 Savills expanded its US presence with the acquisition of Studley, a network of 25 offices across the US, and opened offices in Myanmar and Indonesia.
Operations
The company provides consulting services and advice (such as valuation, building 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 700 owned and associate offices, employing more than 30,000 people in over 60 countries throughout the Americas, Europe, Asia Pacific, Africa and the Middle East.
Philippines
In early 2013, Savills announced its new Philippine association with KMC MAG Group, the largest Philippine based real estate services firm.
Indonesia
In May 2014, Savills announced it has established a presence in Jakarta, Indonesia, working in partnership with local experts, Property Connection Indonesia.
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, newly business is branded as Savills Studley.
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.
Services
Investment, Sales, Acquisitions & Leasing
Research & Consultancy
Residential, Commercial & Industrial Services
Property Management Valuation & Finance Fund Management Project Management See also CBRE Group Jones Lang LaSalle Colliers International Knight Frank DTZ CresaPartners References External links Official website |
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1855 - Savills founded
Alfred Savill (1829 - 1905) set up business at 27 Rood Lane, EC3, in 1855 as 'Savill and Son'.
1870s
The business moved to 3 St Helen's Place, which belonged to the Worshipful Company of Leathersellers' estates (was a subtenant). Alfred was already retained as professional adviser to a number of Essex lordships.
1900s
At the time of Alfred's death in 1905, his sons Alfred, Edwin and (Henry) Norman, were already firmly established in partnership although located in the City, its practice remained largely agricultural.
First World War
Within weeks of war breaking out, Edwin Savill was appointed by the War Office to assess compensation to landowners in Essex and Suffolk for loss of or damage to properties. When the War Losses Commission called in two valuers to assist them, one was Edwin Savill.
1920s
The firm moved to 51a Lincoln's Inn Fields. Their new office was near enough to the City to enable them to maintain their existing contracts, and had the advantage of being among the trustee solicitors who were bringing them new business.
Second World War
The firm dispersed: junior staff were called up to serve, Norman Savill – along with vital records – went to Wimborne in Dorset. The firm’s architects worked from the Woking office. Norman Savill aside, the Partners stayed at the Lincoln’s Inn Field office.
1950s
The firm merged with Rees-Reynold and Hunt, rating surveyors and specialist advisors on commercial property investment. This was in line with Alfred’s strategy of expanding into new service lines.
1960s
63 Lincoln's Inn Fields became the headquarters. In tune with the times, a raft of new young partners were admitted.
1970s
The firm is re-branded as Savills. 58 partners operate from head office and 15 country offices in England and Wales.
1980s
Savills becomes a limited company in 1988 and obtains a full listing on the London Stock Exchange, and became Savills plc in 1988.
1990s
Savills consolidated its growing presence in Asia by joining forces with First Pacific Davies Limited to become FPD Savills in 1997. Savills acquired a majority shareholding in the Spanish, German and French companies previously trading as Weatherall Green & Smith.
2000s
Savills plc moved into FTSE 250 London Stock Exchange in 2000. Savills acquired First Pacific Davies Limited and 50% stake in Korean Asset Advisors and BHP Korea in 2000. Hamilton Osborne King acquired in Ireland. Hepher Dixon acquired, a planning and regeneration practice.
2011-2013
Savills Investment Management expanded with acquisition of IPAM GmbH in Germany. Strengthened teams in London with acquisitions of Gresham Down (investment advisory), London Planning Practice (planning) and Thomas Davidson (retail), and property management teams in Singapore and Sweden. Moved into new London HQ.
2014-2016
Savills expands its US presence with the acquisition of tenant representation specialist Studley Inc, with a network of 25 offices across the US, and expands its presence in Asia by opening an office in Indonesia.
2017 & 2018
Savills acquires Aguirre Newman, the leading Spanish independent real estate advisory business and establishes a Middle East platform following the acquisition of the Cluttons network in the region.
2019
Savills establishes India business, opening offices across the four largest commercial centres; Bangalore, Mumbai, Delhi NCR, and Chennai.
2020 & 2021
Savills acquires two businesses in North America. Macro, a successful project management firm, as well as T3 advisors, a leading real estate advisor and consultant for the life sciences and technology sectors. Savills Investment Management forms a Strategic Investment Alliance with Samsung Life, the leading life insurer in its home market Korea.
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Savills. All rights reserved. Savills plc, incorporated and registered in England and Wales. Registered office: 33 Margaret Street, London, W1G 0JD. Registered number: 2122174. Savills plc is a holding company, some of whose subsidiaries are authorised and regulated by the Financial Conduct Authority (FCA)
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