Savills Expands into Japan

Savills PLC
01 December 2004

1st December 2004

                           SAVILLS EXPANDS INTO JAPAN

Savills, the international property advisor, announces that it has acquired the
third-party property management and asset management business of GMAC Commercial
Mortgage Japan KK, part of General Motors.

This new venture in Japan complements Savills' existing businesses in China,
Hong Kong, Singapore, Thailand, Korea and Taiwan, and further increases the
Group's exposure to the growing Asian market.

This acquisition and opening of a Savills office in Tokyo, follows Savills'
recent expansion into Poland with the opening of an office in Warsaw.  Savills
has also opened a new office in Leeds, UK as part of its UK regional expansion
programme.

Aubrey Adams, Chief Executive of Savills commented today: 'This acquisition ties
in with our strategy of acquiring teams or businesses staffed by locals who are
experts in their field.  We have been looking to expand further into Asia and we
intend to offer the full range of property services to our local and
international clients in Japan.'

                                     -ends-


For further information, please contact:
Aubrey Adams, Chief Executive, Savills PLC             Tel: [phone]

Citigate Dewe Rogerson                                 Tel: [phone]

Simon Rigby/Sarah Gestetner/Freida Moore/George Cazenove

Notes to editors

Savills is one of the world's leading international property consultants with
offices and associates throughout the UK, Europe, Asia Pacific and Africa.
Listed on the London Stock Exchange and employing, 12,500 staff, Savills has
unrivalled property expertise.

Savills' offices and associates offer expert advice on commercial, rural,
residential and leisure properties. Other services include a range of property
related financial services and a specialist fund management division.

This acquisition in Tokyo adds to Savills' growing network in the Far East where
it already has representation in Hong Kong, Singapore, Thailand, China, Korea
and Taiwan. In China, Savills has 1,700 staff working from nine offices, its
latest being in Shenzhen which opened last November. The property management
division in China manages about 150 million sq ft (13.9 million sq m) of real
estate.


                      This information is provided by RNS
            The company news service from the London Stock Exchange