London-based real estate adviser Savills said losses at its Continental European operations widened to £9.6 mln (EUR 10.6 mln) in 2009 from £7.8 mln in 2008 as the European business was hit by the decline in investment transaction advisory work and restructuring measures. The loss came after a 17% decline in revenue to £28.3 mln from £34.2 mln in 2008. In constant currency, the underlying decline was 26.5%, reflecting the continued weakness in European markets.
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