Savills completes Smiths Gore acquisition

Property group Savills has completed the acquisition of rural specialists Smiths Gore in a deal worth up to £40m in cash.The FTSE 250 group had initially announced the deal for Peterborough-based Smiths Gore, which operates 31 offices, on 21 April, adding has paid approximately £21m upon completion of the deal."This transaction will enhance the enlarged Savills business' ability to serve the UK's landowners with national coverage and a full portfolio of management, agency and asset management services," said group chief executive Jeremy Helsby last month.Savills shares were up 0.57% to 978.50p at 08:34 on Monday.