Savills facts for kids
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| Public limited company | |
| Traded as |
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| Industry | Real estate |
| Founded | 1855 |
| Headquarters | 33 Margaret Street, London, W1G 0JD |
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Key people
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| Revenue |  £2,238.0 million (2023) |
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Operating income
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£43.3 million (2023) |
| £39.5 million (2023) |
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Savills plc is a British company based in London. It helps people buy, sell, and manage buildings and land. It is a big company whose shares are traded on the London Stock Exchange. This means anyone can buy a small part of the company. Savills is also part of the FTSE 250 Index, which lists 250 of the largest companies traded in London.
History of Savills
How it Started
The company was started by Alfred Savill in 1855. He opened his business in London. When Alfred Savill passed away in 1905, his three sons continued the business. Their names were Alfred, Edwin, and Norman.
In the 1920s, the company moved its main office. It moved to a place called Lincoln's Inn Fields. During the Second World War, Norman Savill moved important company records to Dorset. The other partners stayed in London.
Growing Bigger
By the 1970s, the company became known simply as Savills. In 1987, it became a limited company. This means it became a separate legal entity. A year later, in 1988, Savills was listed on the London Stock Exchange. This allowed more people to invest in the company.
Savills grew a lot by joining with other companies. In 1997, it merged with First Pacific Davies in Asia. In 1998, it bought parts of other real estate companies. These were in Germany, France, and Spain.
In 2015, Savills bought Smiths Gore. This company helped with properties in the countryside and homes in the UK. In 2016, Savills invested in YOPA Property Ltd. This was an online company that helped people sell homes.
Savills continued to expand in 2016. It bought GBR Phoenix Beard, a company that advised on business properties. In 2017, it bought Larry Smith Italia in Italy. This company managed and leased commercial spaces. Later in 2017, Savills bought Aguirre Newman S.A. This was a top real estate advisor in Spain and Portugal. The two companies then became Savills Aguirre Newman in 2018.
What Savills Does
Savills offers many services related to property. They help people and businesses with buying, selling, and managing buildings. They also give advice on property investments. You can find Savills offices all over the world. They have offices in the Americas, Europe, Asia Pacific, and the Middle East.
See also
- Jones Lang LaSalle
- Knight Frank
- Foxtons
