Savills revenue up to £1.76bn
Savills plc grew group revenue 10 per cent to £1.76 billion in the year to December 31. Underlying profit was two per cent ahead to £143.7 million.
Rob Sadler, head of office at Savills Cambridge, said: “The Cambridge office has transacted some significant deals in the past 12 months, including the completion of the speculatively built Maurice Wilkes building on St John’s Innovation Park, which was delivered to programme and within budget.
“The majority were pre-let prior to completion to businesses including Darktrace, Raspberry Pi, Automaton, PwC and Mewburn Ellis and are now in occupation. As a result of its success, the scheme is likely to encourage further development across the city’s northern cluster.
“From a residential perspective, the market in Cambridge proved to be particularly resilient last year in spite of obvious political worries. The outlying areas suffered some small falls in their value but, where realistic, there are still a good number of buyers wishing to transact on the best houses in the countryside around Cambridge. Overall it has been a strong year and we look forward to more success as we head further into 2019.”
David Goodson, head of Savills Peterborough, added: “We have continued to grow all parts of the business at Savills in Peterborough over the past 12 months with 30 new recruits joining us and further expansion planned. This has resulted in the renting of a further 3,500 sq ft at Stuart House to accommodate the additional growth.”
Mark Oliver, head of office at Savills Ipswich said the Ipswich office market had gone from strength to strength in the last 12 months, despite tough trading conditions. “Our office move was a particular highlight, giving us a modern, efficient and flexible town centre location that suits the way our multi-discipline teams work together.
“The residential, agricultural and commercial teams have all proved resilient undertaking a number of key transactions and we look forward to continued success throughout 2019.”