Acquisition

Savills PLC 6 September 2000 SAVILLS PLC Acquisition of residential estate agency and building consultancy business The Directors of Savills plc ('Savills') are pleased to announce the acquisition by its wholly owned subsidiary, FPDSavills Limited, of G E Sworder Limited, a residential estate agency and building consultancy business in Bishop's Stortford. The value of the net assets acquired as shown in the audited accounts for the year ended 30 November 1999 (audited) is approximately £58,000. Rupert Sebag-Montefiore, Director of Savills, commented: 'Hertfordshire is an area we have been looking at for some while now as a link with the operating areas of our Cambridge and Chelmsford offices and we are delighted to have acquired such an important local business. G E Sworder has been in existence for over 200 years and during that time has developed a highly focused and specialised local knowledge.' Further enquiries, please contact: Rupert Sebag-Montefiore, Savills plc 020 7409 8845 Mark Edwards/Bobbie Swanson, Buchanan Communications 020 7466 5000

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Savills (SVS)
UK 100

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