June 2017


Oxford Street: Creation of large flagships sees total store count decrease by 50 in 25 years

Oxford Street: Creation of large flagships sees total store count decrease by 50 in 25 years

15 June 2017

The total store count on Oxford Street has decreased from 285 to 228 since 1993, according to international real estate advisor Savills, primarily as a result of ‘knock throughs’ driven by retailer demand for large flagship units.  Excluding stores affected by Crossrail development works, there has been a net loss of 50 units across the street over the last 25 years, of which 29 were east of Oxford Circus.

 
 
Sixteenth century Billesley Manor Hotel in Stratford-upon-Avon under new ownership

Sixteenth century Billesley Manor Hotel in Stratford-upon-Avon under new ownership

15 June 2017

The Hotel Collection, represented by Savills, has sold the 4-star Billesley Manor Hotel on the outskirts of Stratford-upon-Avon to an overseas private investor.

 
 
Care homes – more than just an ‘alternative’, says Savills

Care homes – more than just an ‘alternative’, says Savills

15 June 2017

According to the latest market update from Savills Healthcare, strong fundamentals combined with an ageing demographic in the UK has made healthcare, and in particular, care homes, a very attractive asset class. The international real estate advisor notes that the long indexed income with either RPI or fixed uplifts have made an appealing proposition for investors struggling to find similar opportunities in the mainstream markets. In addition, care home yields have moved in significantly over the last five years and now fall in line with many other traditional commercial asset classes. Savills Prime Care Home Yield Index currently stands at 4.25%, down from 4.75% in 2016. 

 
 
Chancerygate given green light for 94,000 sq ft industrial spec dev in Chorley

Chancerygate given green light for 94,000 sq ft industrial spec dev in Chorley

13 June 2017

Chancerygate has been granted planning consent to speculatively develop 12 new industrial units and refurbish an existing warehouse at Eaton Point, part of Matrix Park in Chorley.  Savills has been instructed as letting agent on both elements, acting jointly with Robert Pinkus & Co on the speculative units and with Gerald Eve on the refurbished property.

 
 
Leeds offices set for record breaking year

Leeds offices set for record breaking year

13 June 2017

Office take-up in Leeds is on track to reach 800,000 sq ft (74,320 sq m) by the end of 2017, 94% above the 2016 total and the busiest year on record, says Savills. 

 
 
New owner for iForce distribution hub after £25 million sale

New owner for iForce distribution hub after £25 million sale

12 June 2017

Savills, on behalf of a client of Savills Investment Management, has sold the 237,919 sq ft (22,103 sq m) iForce distribution hub in Redditch, Worcestershire. Royal London Asset Management has acquired the warehouse for £25.15 million, reflecting a net initial yield of 5.35%.

 
 
Hotel and tourism sectors set to be transformed by changing demographics and travellers seeking bespoke experiences

Hotel and tourism sectors set to be transformed by changing demographics and travellers seeking bespoke experiences

08 June 2017

Demographic trends and social media will continue to transform the way people travel and take holidays, with the European hotels and hospitality sector required to evolve further in order to meet changing demand, says Savills.

 
 
Turtle Bay on the menu for Winchester

Turtle Bay on the menu for Winchester

08 June 2017

Turtle Bay, represented by international real estate advisor Savills, has secured an off market deal for a new restaurant at Sunley House, Winchester.

 
 
New supermarket unit in Warth Park, Northamptonshire acquired for £3.975 million

New supermarket unit in Warth Park, Northamptonshire acquired for £3.975 million

07 June 2017

Savills has acquired a supermarket unit let to Asda from Roxhill for Atlantic Property Developments. The property in Northamptonshire was bought for £3.975 million, reflecting a net initial yield of 5%.

 
 
Foodstore yields join sectors experiencing downwards pressure as appetite for the UK fails to dissipate - Savills

Foodstore yields join sectors experiencing downwards pressure as appetite for the UK fails to dissipate - Savills

07 June 2017

Prime yields in up to six sectors of the UK commercial property market could well harden before the year is out, says Savills, as the weight of overseas investment targeting the UK maintains current pricing. 

 
 

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