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Savills branching out with plans to build income by 70%

Savills Private Finance has opened offices in Newcastle and Exeter and plans to increase its income by around 70 per cent over the next three years.

The broking firm now has 24 offices across the country employing 127 consultants. Income was £30m last year and it expects this to grow to £50m in the next three years despite the tough market outlook.

It recently started a self-build division, headed by Calum Kerr, which will soon be announcing some exclusive products with lenders.

Director Melanie Bien says: “National coverage is very important to us as we pride ourselves on our highly personalised face-to-face service. Clients can call on a local consultant with knowledge of their area which is different from dealing with a faceless name at a call centre.”

Managing director Mark Harris says: “Despite the tough market outlook, we remain optimistic because there will be a flight to quality. Clients need advice more than ever and we are well placed to provide that.

“Income for 2007 was £30m. Our strategy remains to grow to £50m over the next three years. We believe it is a good time to be pushing for growth and remain committed to offering a first class face-to-face service.”

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