Estate agents to share £125m bonus
10:45am Thursday 15th March 2007 in
STAFF at upmarket property group Savills will share a bonus of £125 million after the group posted a profits rise of nearly a third to £75 million.
The bonus pool will be shared between 4,000 Savills staff, with some receiving in excess of £1 million each.
Savills, which has offices across the UK, said its better-than-expected profits were largely driven by the recent bumper round of City bonuses, which boosted the average price paid for a house in central London by 10 per cent to £1.45 million.
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