September 2017


Rural business diversification survey launched

Rural business diversification survey launched

07 September 2017

Increasingly farms and estates are diversifying into less traditional income streams to complement their core businesses. Our estate benchmarking survey shows that the contribution of agriculture to rural estates income has fallen from 50% in 2000 to 38% in 2017.

 
 
Central Cardiff office block changes hands in £3 million off market deal

Central Cardiff office block changes hands in £3 million off market deal

06 September 2017

Savills, on behalf of NRB Properties, has sold Park House office building on Greyfriars Road, Cardiff, to Boultbee Brooks Real Estate (BBRE) in an off market transaction totalling £3.05 million, reflecting an net initial yield of just over 8%.

 
 
Yields at lowest level since EU Referendum - Savills

Yields at lowest level since EU Referendum - Savills

06 September 2017

UK commercial property yields have hardened to 4.65%, the lowest level since May 2016, according to Savills. 

 
 
Overseas investors buying Scottish hotels increase spend six fold in 2017

Overseas investors buying Scottish hotels increase spend six fold in 2017

06 September 2017

According to international real estate advisor Savills, £51.295 million has been spent in Scotland’s hotels market by overseas investors in 2017 to year date, more than six times the 2016 annual figure, which totalled £7.8 million.

 
 
Fragrance Group splashes out on Blackpool Promenade hotel

Fragrance Group splashes out on Blackpool Promenade hotel

05 September 2017

International real estate advisor Savills, on behalf of a private vendor, has sold the Lyndene Hotel in Blackpool to Fragrance Group Limited from a guide price of £6.5 million.

 
 
Take-up across Scotland’s office market marks 20% increase on 5-year average

Take-up across Scotland’s office market marks 20% increase on 5-year average

05 September 2017

According to the latest Scottish Office Market Spotlight from Savills, leasing activity for the first half of 2017 across Aberdeen, Edinburgh and Glasgow reached 1.4 million sq ft, 20% above the five year half year average, boosted by accelerated leasing activity in Aberdeen and the strongest office take-up ever recorded in Edinburgh.

 
 
Bolton Arms Inn, North Yorkshire, hits the market for £600,000

Bolton Arms Inn, North Yorkshire, hits the market for £600,000

04 September 2017

A private vendor, represented by international real estate advisor Savills, has brought to market the Bolton Arms, a country inn in Redmire, North Yorkshire at a guide price of £600,000.

 
 
Savills Birmingham announces move to 55 Colmore Row and new head of office

Savills Birmingham announces move to 55 Colmore Row and new head of office

04 September 2017

Savills has today (4 September) announced plans to relocate its Birmingham office to the top floor of 55 Colmore Row, with all 156 staff moving across from its existing offices at Innovation Court and The Exchange in late 2017.  The firm has agreed a new 15-year lease for 16,956 sq ft (1,575 sq m) at the building, where IM Properties has undertaken a £33 million back-to-frame redevelopment.  Savills building and project consultancy team is managing the fit out of the new office.

 
 
Savills identifies challenges and opportunities at Scottish Property Outlook

Savills identifies challenges and opportunities at Scottish Property Outlook

04 September 2017

Savills identifies challenges and opportunities at Scottish Property Outlook:  Challenges and opportunities identified across all sectors including PRS; residential; commercial; rural and mixed use.

 
 
Savills expands remit with The Wellcome Trust at South Kensington Estate, London

Savills expands remit with The Wellcome Trust at South Kensington Estate, London

01 September 2017

Following a competitive pitch process, Savills has re-secured and expanded an existing appointment with The Wellcome Trust at its South Kensington Estate in London.

 
 

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