UK’s Savills sees return-to-office driving 2025 volumes after FY profit beat

(Reuters) – Global real estate advisor Savills expects a continued back-to-office push to help transaction volumes in 2025, after it posted better than expected annual profit.

“We expect re-financing driven activity and the trend towards corporates requiring greater office attendance for staff to continue to be positive for transaction volumes,” said CEO Mark Ridley in a statement.

The London-based group’s underlying profit before tax surged 38% to 130.4 million pounds ($168.9 million) in 2024, compared with average analysts’ estimate of 129.6 million pounds, according to data compiled by LSEG.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Mrigank Dhaniwala)