Operating profits increase at Savills as firm benefits from post-covid bounce

Firm operates across a range of real estate advisory services covering all the key elements of office, retail, industrial, hotel, residential property and mixed-use development schemes

The company entered into a new lease agreement relating to a change of office in Cork and the initial annual rent on the 15-year lease is €117,000.

Operating profits at Savills main Irish unit last year increased by 26% to €6.89m, as the property firm benefited from a post-pandemic bounce.

New accounts filed by Savills Commercial (Ireland) Ltd show the business recorded the increase in operating profits as revenues rose by 12pc rising from €36.44m to €40.83m.