LONDON (Alliance News) - Real estate advisor Savills PLC on Monday said it saw a strong finish to 2015 and expects its underlying results will come in ahead of its expectations.
Savills said some significant commercial deals for a number of businesses globally completed in the final months of the year, and it was boosted by its investment management unit completing the sale of its Potsdamer Platz assets in Berlin, meaning that unit had a stronger-than-expected end to the year.
Thanks to this, Savill said its underlying results for the year to the end of December should beat its previous expectations, and it maintained its forecasts for 2016. Savills said though that the strong transaction volumes seen in 2015 are unlikely to repeat due to the heightened macroeconomic uncertainty which has emerged.
Savills said it will publish its 2015 results on March 10.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Savills (SVS)