Savills PLC (SVS.L)
|Market Cap (Mil.):||£870.72|
|Shares Outstanding (Mil.):||134.89|
LONDON, July 29 - The Gherkin skyscraper in the City of London has been put up for sale and the landmark building is expected to attract interest from around the world, joint agents Savills and Deloitte Real Estate said on Tuesday.
- British property consultant Savills Plc said it would buy U.S.-based commercial real estate services firm Studley Inc for up to $260 million to expand in North America.
* Shares fall 2 pct (Adds details from statement, background, share movement)
(Corrects paragraph 2 to ...initial consideration..., not ...initial cash consideration...)
* Proposed acquisition of Studley, Inc for up to US$260 million (consensus $1.38 billion)
Investment sales of Singapore property, which cover big-ticket deals of at least S$10 million ($7.9 million), have continued to languish in the first quarter, according to separate figures from CBRE and Savills.