Acquisition

SAVILLS PLC
6 September 1999


                         SAVILLS PLC
                              
                      Property Purchase

The  Directors  of Savills plc ('Savills')  are  pleased  to
announce  that,  through  Grosvenor  Hill  Ventures  Limited
('GHV'),  a  wholly-owned subsidiary, Savills has  exchanged
contracts  for  the  purchase of  a  150,000  sq  ft  outlet
shopping  complex in Batley, West Yorkshire known as  Skopos
Mills.   The  mill  will  be renamed Batley  Mills  Shopping
Village.   The consideration is £7.25m payable in cash,  £3m
of  which  will be payable on completion with the  remainder
deferred over a period of 21 months.

The  gross rental income for the year ended 31 December 1998
was  approximately £530,000 at a time when half the property
was  under  construction; income is anticipated to  increase
significantly after refurbishment.

The  property has been acquired by a wholly owned subsidiary
of  GHV, Batley Mills Limited.  GHV is financing 65% of this
acquisition through a bank loan, with the balance to be  met
by Savills group cash balances.

Aubrey  Adams,  Managing Director of Savills, commenting  on
the acquisition said:

'This  is  an exciting further extension of the business  of
GHV, which co-invests as a principal.  Our intention is,  in
conjunction with a partner, to develop Batley Mills into one
of  the leading outlet shopping complexes of its type in the
UK'.


Contact:

Aubrey Adams, Managing Director, Savills plc   0171 409 9923
Chris  Manning,  Director, Grosvenor Hill  Ventures  Limited
                                               0171 409 9934
Andy  Yeo, Buchanan Communications             0171  466 5000