July 2017


Letting success & new café opening at Greenwood, Bracknell

Letting success & new café opening at Greenwood, Bracknell

25 July 2017

Savills Investment Management and Canmoor, advised jointly by Savills, Friar Commercial and DTRE, have let the first office suite at the newly refurbished Greenwood in Bracknell to Micron Europe Ltd and has placed a further 16,500 sq ft (1,532 sq m)  under offer to two separate parties.

 
 
H1 2017 sets new London City investment record; year on track to exceed 2016 levels

H1 2017 sets new London City investment record; year on track to exceed 2016 levels

24 July 2017

Commercial property investment in the City of London reached £4.98 billion in the first six months of 2017 – 17% up on H1 2016, according to new research from Savills. 

 
 
Kidderminster’s Lion Fields redevelopment moves forward as search for phase one developer is launched

Kidderminster’s Lion Fields redevelopment moves forward as search for phase one developer is launched

24 July 2017

Wyre Forest District Council (WFDC) and North Worcestershire Economic Development and Regeneration (NWERD), advised by Savills, are seeking a developer to bring forward the first phase of Lion Fields, a major new mixed-use scheme at the eastern gateway to Kidderminster.

 
 
Investment into hotels in the south west hits £205 million in first six months of the year

Investment into hotels in the south west hits £205 million in first six months of the year

24 July 2017

Investment into hotels in the south west of the UK reached £205 million across 22 deals in the first half of 2017, according to Savills, as a beneficial exchange rate and the development potential at many assets attracts investors.

 
 
Curtain rises on £1.9 million virtual freehold investment sale of The Other Palace Theatre, London

Curtain rises on £1.9 million virtual freehold investment sale of The Other Palace Theatre, London

24 July 2017

International real estate advisor Savills has brought to market the virtual freehold investment in The Other Palace theatre in Victoria, London for a guide price of £1.9 million, reflecting a net initial yield of 5%.  The sale is on instructions of Aiden Murphy of Crowe Horwath, Receiver of the virtual freeholder.

 
 
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. 

 
 

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