Multi-disciplinary property consultancy and UK Property Forums partner Savills has reported record revenue and profits for 2021.
Savills’ preliminary results for last year showed group revenue up 23 per cent to £2.15 billion and underlying pre-tax profit up 107 per cent to £200.3 million. The strategy of maintaining high levels of service during 2020 led to Savills being well-placed to grow in 2021.
Mark Ridley, group chief executive, said: “Savills delivered a record performance in 2021 reflecting the significant recovery in both residential and commercial transactional markets supported by growth in our less transactional investment management, property management and consultancy businesses.”
Savills’ seven offices across the East had continued success with four heads commenting on the year as follows:
Tom Fraser, head of office for Savills Cambridge, said: “The Cambridge office has continued to grow and strengthen its position over the last year and the performance of all teams has been strong. We have continued to recruit staff across a number of divisions and have completed some significant deals. This includes a record year by our commercial team, underpinned by numerous investment transactions and acceleration in the life science sector, that saw 120,000 sq ft of laboratory deals complete in the last 18 months. This year has continued in a similar vein and we look forward to continuing to support our clients and grow our business further over the coming months.”
Mark Little, head of office for Savills Norfolk, said: “This year has been an extremely busy one for our Norwich office. We have recruited in several areas – including for teams in residential, new homes, rural and development – and have completed on some significant transactions. Several of our divisions have experienced record years. The pace shows no signs of slowing and we look forward to continuing to support our clients and grow our business further over the coming months.”
Stephen White, head of office for Savills Essex, said: “The Chelmsford office has gone from strength to strength this year. Teams in development services, rural and commercial have transacted on several key deals, while the residential and new homes departments reported record transactions across the board. In addition, we have also expanded our planning department with three senior hires and are looking to continue our success and increase market share with further expansion.”
Tom Orford, head of office for Savills Suffolk, said: “Despite the challenges presented by the pandemic the Ipswich office has continued to grow and strengthen its position. The residential and new homes teams have experienced a record-breaking year, while colleagues in our rural and commercial divisions have also completed several noteworthy transactions. These include a number of industrial deals across the county at schemes such as Port One, Eastern Gateway and Suffolk Park. We start the year ahead on a strong footing and look forward to seeing the business grow further.”
Image source: Savills (L-R Mr Little, Mr White, Mr Fraser, Mr Orford)
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