Savills (OTC) (GB:SVS) has released an update.
Savills PLC, an international real estate advisor, has reported trading in line with expectations and showing improvement over the previous year, driven by resilient leasing markets and strong performance in less transactional businesses. The company is seeing market share growth in various regions, including Asia Pacific and North America, and is leveraging its robust balance sheet for selective recruitment and acquisitions. Despite some market corrections, Savills expects a progressive improvement in the second half of the year, buoyed by investor interest in real estate with secure income characteristics.
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