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Corporate News

Year-end trading update

"Savills plc, the international real estate advisor, publishes the following trading update in respect of the year ended 31 December 2018. Savills experienced a robust closing quarter in most of our business lines to deliver growth in both revenue and underlying profits for the full year."



Hong Kong property investment market subdued in Q4

"At the start of the year, prominent real estate advisor Savills saw office rents rising (+8% to 10%) and a retail sector recovery (+2% to 4%) in 2018. Sales figures increased (+5 to 9% depending on the asset) with the exception of prime street shops (-3%). Given the dual threats of the US / China trade conflict and interest rate hikes, the Grade A office market saw price declines, but rents are expected to gain 2.5 to 5% in 2019. Shopping centres and prime street shops should both hold steady at 2% gains in rent, but street shop prices could lose 5% this year."


Savills completes successful integration with Cluttons Middle East

"International real estate advisor Savills has today announced the rebrand of its Middle East business following the acquisition of Cluttons Middle East on 31 May 2018. The firm, which was previously represented by associates in the Middle East, has completed a successful six month integration process with the region’s leading and longest-established advisor Cluttons Middle East, which will now be known as Savills. The occasion was celebrated with a briefing morning hosted by Savills Middle East CEO Steve Morgan, as well as key members of Savills leadership team."


Property Management

Savills Vietnam took over property management at Mulberry Lane

"After 5 years of operation, the Mulberry Lane Building Owners Committee (BOC) has appointed Savills Vietnam as the new property management company. As the newly appointed property manager, Savills Vietnam is providing Mulberry Lane with more than 30 dedicated personnel. This project is among the new additions to Savills Vietnam 5-million-m2 management portfolio beside Blooming Tower Da Nang, Sun Grand City Ancora Residence, Belvedere Hanoi etc."

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