PropertyEU

Savills doubles losses on European business as revenue shrinks further

By A staff reporter 2012-03-16T00:00:00

UK-listed property adviser Savills booked underlying losses of £8.8 mln in 2011 (2010: £4.3 mln loss) on its European transaction business after revenue from its Continental European commercial unit contracted by 14% to £26 mln in 2011 from £30.2 mln the year before. After two years of restructuring, Savills made ...

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