UK property advisor Savills confirmed on Friday it has closed its office in Hungary as the impact of the credit crisis deepens in the country. Savills opened an office in Budapest in 2006 and hired Peter Chatfield to lead the new business. Chatfield would not comment on the news on Friday but said that he no longer works with the UK property advisor.
UK property advisor Savills confirmed on Friday it has closed its office in Hungary as the impact of the credit crisis deepens in the country. Savills opened an office in Budapest in 2006 and hired Peter Chatfield to lead the new business. Chatfield would not comment on the news on Friday but said that he no longer works with the UK property advisor.
A spokesperson for Savills said on Friday that the operation in Hungary was an investment-led business and was shut down in October. 'Savills has taken the decision to continue to service clients in this area through its Central and Eastern European offices, in particular Poland, as well as its London-based cross- border investment team,' she said.
