Business
AGM Statement
AGM Statement.
About this update from Savills Plc
[{"type":"text","content":"\n\n14 May 2025\nSAVILLS PLC\n \n(\"Savills\" or \"the Company\")\n \nTrading update\n \nAhead of its Annual General Meeting (AGM) to be held at 12 noon today at Savills, 33 Margaret Street, London W1G 0JD, Savills plc, the international real estate advisor issues the following trading update:\n \nSavills has traded broadly in line with our expectations in the first quarter and for the year to date, and comfortably ahead of the comparable period last year. \n \nHighlights:\n \n· Our global capital transaction revenue improved (+7% in Q1), particularly in EMEA and, with some exceptions, values are largely recalibrated in most prime markets. There is renewed investor interest in prime core office stock throughout Europe.\n· Leasing revenues grew over 20% in Q1 as markets have continued to be more active across most sectors.\n· Most prime residential markets have remained resilient through Q1 with the UK performing better than last year in advance of the increase in Stamp Duty. \n· Savills less transactional businesses (Property Management, Investment Management and Consultancy) have performed as expected, with a particularly strong performance in Consultancy.\n· The uncertainty created by recent macro-economic and geopolitical events has resulted in a short term slow-down in global transaction activity, which we expect to recover as sentiment becomes more certain.\n· The Group's underlying pipeline of potential transactions is significantly improved compared with the same time last year.\n \nOur less transactional businesses continue to provide a solid platform for the Group with a resilient earnings stream. Meanwhile on the transactional side, there remains significant investor interest in the secure income characteristics of real estate, and in most major cities the office market is seeing much greater investor demand.\n \nOutlook\n \nWe continue to develop our business through selective recruitment and acquisitions, supported by a strong balance sheet.\n \nWe expect that the impact of tariffs on the execution of transactions in Q2 means that Savills H1 performance may be largely simila...