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

About 50 percent of Savills Plc’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.

— With assistance by Andreea Papuc, and Bonnie Cao

(Corrects name of chief executive officer in first and third paragraphs.)
Before it's here, it's on the Bloomberg Terminal. LEARN MORE