PHOTO: The Telegraph says traders speculated that Savills could be a target following a share slide
The Daily Telegraph has gone public with City speculation that Chicago-based real estate consultancy JLL may be interested in buying Savills.
Both JLL and Savills are primarily commercial property businesses but – as was the case in Strutt & Parker’s acquisition by BNP Paribas in 2017 – a residential business could continue under new ownership.
The Telegraph says speculation in stock market circles has been fuelled by comments made by JLL boss Christian Ulbrich, who recently told analysts that he has “never seen a market which has so many availabilities with regards to mergers and acquisitions.”
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