Monday, July 28, 2008

Savills Ranked Fourth Largest Real Estate Company in the World

NEW YORK, NY -- July 28, 2008: Savills, an international real estate services company with its American headquarters in New York, has been ranked the world’s fourth-largest real estate firm based on a new global analysis of industry leader revenues.

The ranking appeared in an annual survey of world real estate leaders in the July 12 issue of Estates Gazette, one of the UK’s most widely read commercial real estate publications.

“Cross-border transactions play a critical role in today’s real estate investment market,” said Savills LLC president and CEO John D. Lyons (top right photo) . “This high worldwide ranking demonstrates Savills’ extraordinary global reach. With an experienced professional team who understands capital markets, Savills’ US headquarters in New York has rapidly emerged as a key crossroads for international investment.”

The survey –comparing 2007 revenues of the world’s largest real estate services firms -- found that Savills had risen to number four from number five last year. Savills achieved 2007 revenues of $1.02 billion. The firm has 171 offices with more than 18,000 staff worldwide.

In New York, Savills LLC recently advised a private Irish investor in the acquisition of a portfolio 47 Citibank properties valued at approximately $90 million. The deal represents one of 2008’s largest portfolio transactions in the region.

“This result reflects our global growth having moved into the US, and expanded teams in Europe and Asia over the past year,” said Jeremy Helsby, (top left photo) CEO of Savills Plc. “This international reach will enable us to maximize opportunities in the current challenging economic market.”

Savills LLC – formerly known as Savills Granite – recently expanded its New York headquarters into the entire 36th floor of 599 Lexington Avenue.

About Savills LLC

Savills LLC is a real estate investment banking firm offering investment sales, debt and equity placement, and advisory services. Its professionals have executed more than $21 billion in real estate transactions throughout their careers spanning the full range of property types, including office, medical office, retail, multifamily, industrial and hotels. Parent company Savills Plc is a global real estate services firm with 171 offices and more than 18,000 staff worldwide. The company, established in 1855, has a rich heritage with unrivalled growth.

Media contacts:

The Marino Organization 212 889 0808
Steve Vitoff - steve@themarino.org - x112
Parke Chapman - parke@themarino.org - x170

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