December 2017


Northern Powerhouse Developments seals deal for two hotels in Cumbria & North Yorkshire

Northern Powerhouse Developments seals deal for two hotels in Cumbria & North Yorkshire

21 December 2017

The Co-operative Group, represented by international real estate advisor Savills, has sold two hotels in Cumbria and North Yorkshire to Northern Powerhouse Developments in a multi-million pound deal.

 
 
Savills calls The Year of The Pre-Let in 2018 - Glasgow

Savills calls The Year of The Pre-Let in 2018 - Glasgow

21 December 2017

2018 will be ‘the year of the pre-let’ in Glasgow’s offices market according to international real estate advisor Savills. The firm said that a lack of new Grade A office supply and limited opportunity for speculative development should incentivise occupiers with upcoming lease events to commit to pre-lets if they are to secure the best new buildings in the city.

 
 
Prominent Park Row House in Leeds city centre acquired for £8.70 million

Prominent Park Row House in Leeds city centre acquired for £8.70 million

20 December 2017

ADAPT Real Estate working alongside Ship Street Advisors and acting on behalf of UKRO, a Jersey domiciled fund, represented by Savills, has acquired Park Row House in Leeds from a global real estate investment manager. The property was purchased for £8.70 million, reflecting a net initial yield of 5.50%.

 
 
Investment into commercial property in Cardiff set to hit £400 million - Savills

Investment into commercial property in Cardiff set to hit £400 million - Savills

19 December 2017

Investment into commercial property in Cardiff is on track to reach record levels in 2017 with the total set to surpass £400 million according to international real estate advisor Savills. In 2016, investment into the city totalled £298 million.

 
 
Lack of stock putting squeeze on European office market - Savills

Lack of stock putting squeeze on European office market - Savills

19 December 2017

A lack of available office space in prime CBDs across Europe is set to lead to a fall in take-up and further rent rises throughout 2018, adding to the 4.9% prime rental increase seen during 2017, according to new research from Savills.

 
 
Two office lettings at 4 Colston Avenue, Bristol

Two office lettings at 4 Colston Avenue, Bristol

19 December 2017

Savills, on behalf of landlord GPL 2014 Limited, has let the second and fifth floor at 4 Colston Avenue to Prysm Media Group and WH Ireland. 

 
 
Bucking Brexit: City of London on track for record levels of office investment - Savills

Bucking Brexit: City of London on track for record levels of office investment - Savills

18 December 2017

The City of London is bucking Brexit and on track to reach record levels of office investment in 2017, as Savills anticipates total turnover will hit £12.5 billion – subject to a number of deals currently under offer exchanging or completing before 31st December. This sees total transactions in 2017 doubling the 10-year average (£6.259 billion), in line with the all-time record volume seen in 2014 (£12.6 billion).

 
 
2017 could be a record year for office space take up in Cardiff driven by Government deal

2017 could be a record year for office space take up in Cardiff driven by Government deal

18 December 2017

The Cardiff office market could be set for a record year of take up with levels potentially exceeding the 675,000 sq ft (62,709 sq m) recorded in 2016. According to new research from Savills, take up already hit 567,505 sq ft (52,722 sq m) in the first three quarters of the year.

 
 
ABP secures first sales at Royal Albert Dock – London

ABP secures first sales at Royal Albert Dock – London

18 December 2017

Royal Albert Dock developer ABP, advised by international real estate advisor Savills, has secured its first series of sales for the prestigious London project.

 
 
Industrial asset, the Winster Buildings, changes hands for £3.1m in Ilkeston

Industrial asset, the Winster Buildings, changes hands for £3.1m in Ilkeston

18 December 2017

Savills, on behalf of a private individual, has sold the Winster Buildings on Manners Industrial Estate in Ilkeston, Derbyshire to Quidnet GHB Ltd for £3.1 million.

 
 

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Liz Williams-Bew

Liz Williams-Bew

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Jamie Jago

Jamie Jago

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