Savills plc Pre-Close trading update in respect of the year to 31 December 2015

LONDON, 11-1-2016 — /EuropaWire/ — Savills plc, the international real estate advisor, publishes the following Pre-Close trading update in respect of the year to 31 December 2015.

The Group experienced a strong finish to the year with the completion of some significant commercial transactions in several of our businesses around the world.

In addition, on 31 December 2015, Savills Investment Management division completed the disposal of the substantial Berlin-based “Potsdamer Platz” assets on behalf of the SEB ImmoInvest Fund. This transaction is part of the liquidation of a number of German Open Ended Funds managed by the former SEB Investment Management business, which was acquired on 31 August 2015. The Potsdamer Platz transaction occurred earlier than originally anticipated, which led to a stronger than expected performance from the Savills Investment Management business in 2015.

Accordingly, the Group now anticipates that underlying results for the year to 31 December 2015 will be ahead of our previous expectations.

In the light of heightened uncertainty over global economic prospects and rising interest rates, we expect a tempering of the strong transaction volumes of recent times in certain markets, notwithstanding that market fundamentals remain sound. Accordingly we retain our original expectations for 2016.

Savills will report 2015 full year results on 10 March 2016.

Contacts

Victoria Buchanan
Director
Commercial Press Office
Savills Margaret Street
+44 (0) 7870 999 653

Jamie Jago
Director
Residential Press Office
Savills Margaret Street
+44 (0) 20 7016 3880