News: Savills PLC (SVS.L)

SVS.L on London Stock Exchange

593.00GBp
11:35am EDT
Price Change (% chg)

-3.50p (-0.59%)
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Volume
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Thu, May 1 2014

Property consultant Savills to buy U.S. firm for up to $260 million

- British property consultant Savills Plc said it would buy U.S.-based commercial real estate services firm Studley Inc for up to $260 million to expand in North America.

UPDATE 1-Property consultant Savills to buy US firm for up to $260 mln

* Shares fall 2 pct (Adds details from statement, background, share movement)

CORRECTED-British property consultancy Savills to buy US firm for $260 mln

(Corrects paragraph 2 to ...initial consideration..., not ...initial cash consideration...)

BRIEF-Savills says to acquire Studley for up to $260 mln

* Proposed acquisition of Studley, Inc for up to US$260 million (consensus $1.38 billion)

SINGAPORE PRESS-Investment sales of property remain sluggish in Q1 - Business Times

Investment sales of Singapore property, which cover big-ticket deals of at least S$10 million ($7.9 million), have continued to languish in the first quarter, according to separate figures from CBRE and Savills.

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