Shares in Savills rose by 4.4%, or 52p, today to finish the session at their highest level since before the first UK lockdown last year.
The agency announced this morning that it will sell a 25% stake in its Savills Investment Management arm to Korean insurer Samsung Life, describing the deal as a “transformational alliance… unique in the industry”.
Its stock closed at 1,235p, its highest since mid-February 2020.
Joining Savills among the day’s biggest risers in the FTSE 250 were Sirius Real Estate, up by 5.6% to 102.4p, and Hammerson, which gained 5.5% at 39.05p.
There was also a notable jump for U+I, rising by 7.3% to 94.6p.
The session’s biggest real estate fall was from Panther Securities, dropping by 7.3% to 255p.
The FTSE 100 was down by 0.1% at 7,019. The FTSE 250 was up about 0.1% at 22,659.
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