Multi-disciplinary property consultancy and Thames Tap 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.”
Heads of both Reading and Oxford offices both envisage continued success.
Phil Brown, head of office for Savills Reading, said: “Our six teams encompassing planning, development, valuations, residential development sales, lettings and occupier services, have all grown and developed over the course of a successful 2021 and we look to continue our success and increase market share in these areas over the coming months.”
Richard Binning, head of office for Savills Oxford, said: “Our multi-disciplinary office in Oxford experienced a very strong year across the board last year, with all our staff working hard and showing great adaptability.
“Our departments, which span the sector from residential sales to commercial management, achieved some very impressive results on behalf of our clients and were also rewarded with some notable instructions. The continued strength of the Oxfordshire real estate market has supported a positive start to 2022 and we look forward to augmenting this success over the year.”
Image (l-r) shows Mr Ridley, Mr Brown and Mr Binning.
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