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About 50% of Savills Revenue to Come From Asia in ’11

(Corrects name of chief executive officer in first and third paragraphs.)

About 50 percent of Savills Plc (SVS)’s revenue will from Asia this year, from 40 percent in 2010, driven by China, Chief Executive Officer Jeremy Helsby said in Shanghai today.

In the next five years, the biggest growth in Asia will be in China. London-based Savills’ revenue and profit from China will grow 20 percent annually over the next five years, Helsby said.

The real estate market in continental Europe is going to be very, very tough in the next 12 years, Helsby said. Savills has no plan to cut workforce there.

To contact Bloomberg News staff for this story: Bonnie Cao in Shanghai at bcao4@bloomberg.net

To contact the editor responsible for this story: Andreea Papuc at apapuc1@bloomberg.net

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