Savills Sees 2017 Results Ahead Of Expectations

Real-estate adviser Savills PLC (SVS.LN) said Tuesday that it ended 2017 better than originally forecast and now anticipates results for the year to be ahead of previous expectations.

The company said market share in the U.K. increased, while its transactional businesses in Asia Pacific and continental Europe performed ahead of expectations.

Savills Investment Management transacted assets worth more than 5.5 billion euros ($6.71 billion) in 2017, Savills said. The company said successful fund launches during the year bode well for further development of the business in 2018.

Savills said its expectations for 2018 remain unchanged. The company will report its full-year results for 2017 on March 15, it said.

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