October 2017


New 66,000 homes target for London is welcome but does not go far enough

New 66,000 homes target for London is welcome but does not go far enough

19 October 2017

Today’s announcement by Jules Pipe, London’s deputy mayor for planning, regeneration and skills, that the new London Plan will look to provide 66,000 new homes a year during its lifetime, a significant 17,000 more than the current 49,000 target, set out in 2015 represents real progress and is to be welcomed.

 
 
Housing land buyers look north

Housing land buyers look north

18 October 2017

National and regional housebuilders are expanding and diversifying their operations, with some moving into new regions to take advantage of house price growth in the midlands and north of the country, as house price growth slows in London and the south east.  

 
 
Asian investment volumes into Europe to hit €41.2 bn by end of 2017 - more than double 2016 volumes

Asian investment volumes into Europe to hit €41.2 bn by end of 2017 - more than double 2016 volumes

17 October 2017

Asian investment into Europe reached €23.2 billion by the end of Q3 2017, a 57% increase year-on-year, and with Q4 volumes on course to reach approximately €18 billion, Savills forecasts that total annual volumes will reach a record €41.2 billion.  

 
 
London Calling: Investment from domestic and global buyers push volumes past £13 billion

London Calling: Investment from domestic and global buyers push volumes past £13 billion

16 October 2017

Buyers originating from more than 27 different countries are active in central London’s office investment market and have pushed transaction volumes up to approximately £13.4 billion in 2017 year to date,  23% above the volume reached at the same point in 2016 and 35% ahead of the 10-year average, according to Savills.

 
 
Arm signs up for 13,500 sq ft at Aviva’s 11 Portland street, Manchester

Arm signs up for 13,500 sq ft at Aviva’s 11 Portland street, Manchester

12 October 2017

Aviva Investors has let 13,500 sq ft (1,254 sq m) of office space at 11 Portland Street in Manchester to Arm.  Savills and Cushman & Wakefield are joint letting agents on the office space at the building.

 
 
International student costs in London fall as Sydney becomes most expensive place to study outside US

International student costs in London fall as Sydney becomes most expensive place to study outside US

11 October 2017

It now costs $4,600 a month to be an international student in London, as weaker sterling sends the city down from fourth to fifth place in Savills annual World Student Housing cost of living, accommodation and tuition rankings.

 
 
Savills boosts building & project consultancy team with appointment of Stephen Myles

Savills boosts building & project consultancy team with appointment of Stephen Myles

11 October 2017

Savills has recently boosted its building and project consultancy team with the appointment of Stephen Myles as a director based at the firm’s headquarters in Margaret Street, London.

 
 
Grosvenor Square office building in Southampton comes to market after comprehensive refurbishment

Grosvenor Square office building in Southampton comes to market after comprehensive refurbishment

11 October 2017

Bournemouth based investors, Ameriscot Commercial, have completed the comprehensive refurbishment of Grosvenor House, 2 Grosvenor Square in the heart of Southampton. Savills, jointly with Vail Williams, has been appointed to market the building.

 
 
Newcastle looks good for cosmetics brand INGLOT’s first UK store outside of London

Newcastle looks good for cosmetics brand INGLOT’s first UK store outside of London

11 October 2017

International cosmetics retailer INGLOT, represented by Savills, has secured its first UK store outside of London at intu Eldon Square in Newcastle.  The deal forms part of INGLOT’s UK-wide expansion drive, beginning with a focus on prime cities in the North of England.

 
 
Annual UK hotel investment volumes set to finish 25% up on 2016 - Savills

Annual UK hotel investment volumes set to finish 25% up on 2016 - Savills

11 October 2017

International real estate advisor Savills has forecast that annual UK hotel investment volumes will reach £5.1 billion by the end of 2017, up 25% on the 2016 total of £4 billion.  At the end of Q3 2017, transaction volumes had reached £3.5 billion for the year to date, up 6.1% on the same period last year, with more activity forecast for Q4, says the firm.

 
 

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