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BonusesLatest NewsPay & benefits

Estate agency staff share £80m bonus again

by Georgina Fuller 12 Jan 2006
by Georgina Fuller 12 Jan 2006

Staff at estate agency Savills will share out an £80m bonus after buoyant trading in 2005.

The property consultancy, which sells £1m-plus luxury homes, office blocks and hotels, said it had had an “exceptionally strong” December, despite reports of a dwindling property market.

The bonus will be split between 2,500 UK staff with 40 London agents expecting up to £300,000 each.

Chief executive Aubrey Adams said the 2005 profits would be “ahead of expectations” when the company’s final results are released in March.

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But employees at the property group were rewarded with a £79.4m bonus last year after beating profit targets in 2004.

The group’s annual profits for 2005 are predicted to hit £56m, up from £44.3m in 2004.

Georgina Fuller

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