July 2017


Investment into industrial assets £1bn up on H1 2016 figures, says Savills

Investment into industrial assets £1bn up on H1 2016 figures, says Savills

21 July 2017

According to Savills latest Big Shed Briefing, total sales volumes in the UK warehouse market (units of 100,000 sq ft +) hit £2.3 billion in H1 2017, almost £1 billion higher than the same period in 2016 and 150% up on the long term average. This significant activity is attributed to the ongoing popularity of industrial property as an asset class as it continues to generate attractive returns underpinned by a consistently robust occupier market.

 
 
Investment into south east and home counties hotels reaches £246 million in the first half of 2017

Investment into south east and home counties hotels reaches £246 million in the first half of 2017

20 July 2017

Investment into hotels in the south east and home counties reached £246 million across 20 transactions in the first half of the year according to international real estate advisor Savills. The market remains strong for hotels in the area, with the volume remaining in line with that transacted for the same period in 2016 (£240 million).

 
 
UK H1 2017 commercial investment volumes up on 2016 - Savills

UK H1 2017 commercial investment volumes up on 2016 - Savills

20 July 2017

Despite additional uncertainty caused by an unexpected General Election, UK commercial property investment volumes rose 1% in the first half of 2017, with average prime yields in June remaining static at 4.7% due to ongoing uncertainty, international real estate advisor Savills reports.

 
 
North tops UK regions for hotel investment with £304 million total in H1 2017

North tops UK regions for hotel investment with £304 million total in H1 2017

20 July 2017

Hotel investment volumes in the North of England reached £304 million across 30 deals in the first half of 2017 according to international real estate advisor Savills, higher than any other UK region except London.  The firm reports that transactions in the North accounted for 36% of the £844 million combined total for all UK regions, followed by the South East (29%), South West (24%) and Scotland (11%).

 
 
Increased speculative development necessary to relieve pressure on Bristol office market

Increased speculative development necessary to relieve pressure on Bristol office market

19 July 2017

The Bristol office market has continued to see considerable demand and a tightening of supply in the first half of the year leaving less than 150,000 sq ft (13,935 sq m) of Grade A space available in the city. According to Savills this will only be sufficient to respond to around 12 months worth of demand at current levels. 

 
 
Refurbished office space outstrips new build across the UK regions, says Savills

Refurbished office space outstrips new build across the UK regions, says Savills

18 July 2017

According to Savills, 38% of the total speculative office space being delivered in UK regional cities over the next three years will be in the form of refurbishments, which is set to lift average rents across the country.

 
 
Rare opportunity to buy woodland in Northumberland

Rare opportunity to buy woodland in Northumberland

18 July 2017

A small block of woodland has been brought to the market by Savills and John Clegg in Northumberland and has piqued the interest of local buyers who are looking for private outdoor space.  An early closing date has been set on 26th July.

 
 
SOLETRADER steps on to Oxford Street with new flagship store

SOLETRADER steps on to Oxford Street with new flagship store

18 July 2017

SOLETRADER, represented by international real estate advisor Savills, has acquired 264 Oxford Street for a new flagship store.  The property, which was previously occupied by Warehouse, is owned by Lancer Property Asset Management.

 
 
Secondary European cities see biggest growth in serviced offices

Secondary European cities see biggest growth in serviced offices

17 July 2017

Birmingham, Frankfurt and Dublin have seen the sharpest increases in take up by serviced office providers in the first quarter of 2017, according to Savills new European serviced offices report. 

 
 
Savills further expands in the north east

Savills further expands in the north east

14 July 2017

Rory Galloway has returned to Savills as a Director within the Rural division, based in the property firm’s Aberdeen office. Rory will be working  with the established North East team, alongside fellow Directors Ewan Berkeley in the valuation and professional department and Ruaraidh Ogilvie in farms and estates agency. He will be involved in expanding both of these service lines for Savills in the North East. 

 
 

Key Contacts

Liz Williams-Bew

Liz Williams-Bew

Director
Commercial Marketing & Press

Savills Margaret Street

+44 (0) 20 7409 8140

 

Jamie Jago

Jamie Jago

Director
Residential Press Office

Savills Margaret Street

+44 (0) 20 7016 3880