News

Up-to-the-minute news from our press teams providing the latest developments within Savills, and across the property industry.  

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News

Industrial and Logistics

Retailers account for 53% of industrial & logistics take-up despite negative high street headlines, says Savills

"According to Savills latest Big Shed Briefing, take-up of industrial & logistics space (units of 100,000 sq ft +) hit 34.1 million sq ft (3.167 million sq m) in 2018, a 32% increase on 2017 figures and 14.1 million sq ft (1.309 million sq m) above the long term average. Despite the recent negative headlines retailers accounted for up to 53% of this demand"

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News

Office Space

Aberdeen sees close to double the number of office lettings in 2018 compared to 2015 as oil & gas sector improves

"Improvement in oil price and continued stability in the oil and gas market sees office take-up in Aberdeen total 388,227 sq ft (36,070 sq m) in 2018, according to the latest research from Savills. The firm reports a 40% increase in the number of office lettings seen in 2018 compared to the year previously (94 lettings compared to 68 in 2017) and close to double the number of deals done in 2015, the year immediately following the oil crash.  "

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News

Office Space

2019 to see office rents north of £35 PSF in Edinburgh - Savills

"According to Savills, an acute lack of supply in Edinburgh’s city centre will push office rents north of £35 per sq ft in 2019. The international real estate advisor suggests that while occupier focus in the year ahead will remain on the city centre, rental increases and lack of supply may cause certain organisations to consider opportunities on the city’s western periphery."

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News

Hotels

South East hotel investment volumes break £1 billion in 2018

"Investment into South East hotels reached £1.36 billion in 2018, a 39% increase on full year 2017 volumes according to international real estate advisor Savills. The market was dominated by portfolio transactions, however domestic appetite for individual hotel assets remained a key character of the region."

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News

Corporate News

Year-end trading update

"Savills plc, the international real estate advisor, publishes the following trading update in respect of the year ended 31 December 2018. Savills experienced a robust closing quarter in most of our business lines to deliver growth in both revenue and underlying profits for the full year."

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News

Business Space

Osborne+Co buys Glasgow landmark

"Osborne+Co has added to its growing Glasgow portfolio with the acquisition of a prominent city centre landmark, the former City of Glasgow College buildings, known as Met Tower, which became an icon for the city during the Commonwealth Games featuring the familiar ‘People Make Glasgow’ brand."

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