November 2017


Savills responds to detail for housing in today’s Budget

Savills responds to detail for housing in today’s Budget

22 November 2017

It is encouraging to see so much focus on housing in the Budget, with a combination of carrots and sticks designed to boost housing delivery, including to encourage developers to build out more quickly, build more densely, boost land release, etc,” says Lucian Cook, Savills head of residential research.

 
 
Prime Sheffield office building changes hands for £6.85 million

Prime Sheffield office building changes hands for £6.85 million

21 November 2017

ADAPT Real Estate, working alongside Ship Street Advisors, and acting on behalf of UKRO, a Jersey domiciled fund focused on UK regional offices, has acquired Riverside West in Sheffield from Schroder Real Estate Investment Management for £6.85 million. The deal reflects a net initial yield of 7.60%. International real estate advisor Savills, acted on behalf of the purchaser.

 
 
Savills further strengthens retail investment offering with new director

Savills further strengthens retail investment offering with new director

20 November 2017

International real estate advisor Savills has strengthened its retail investment team with the appointment of James Stratton from Cushman & Wakefield.

 
 
Future of outlet centres lies in hybrid offer & more urban locations

Future of outlet centres lies in hybrid offer & more urban locations

20 November 2017

Outlet centres are increasingly on the agenda of shoppers, landlords and investors, according to a new report from Savills and Seven Dials, with hybrid offers and increasingly urban schemes providing key opportunities for future success.  Retail Revolutions: The Evolution of the Outlet Centre states that average footfall has grown 10% at such schemes since 2012, while average spend has risen from £51 to £72.50 and the number of shoppers visiting between three and 11 times per year is up by 10%.

 
 
Planning Division holds on to top spot in consultancy survey for the third year running

Planning Division holds on to top spot in consultancy survey for the third year running

17 November 2017

Savills Planning division has maintained its position as the No.1 national planning consultant in Planning magazine’s annual consultancy survey for the third year in a row.

 
 
Lilswood Holiday Park, Northumberland, under new ownership

Lilswood Holiday Park, Northumberland, under new ownership

14 November 2017

Savills, on behalf of a local park operator, has sold Lilswood Holiday Park in Hexham, Northumberland to a private individual from a guide price of £225,000.

 
 
Luxury retailers streamline portfolios to focus on destination markets & larger stores - Savills

Luxury retailers streamline portfolios to focus on destination markets & larger stores - Savills

14 November 2017

Destination cities in Europe, North America and Asia Pacific markets beyond China have all seen a proportional increase in share of global luxury store openings in 2017, according to Savills, as brands refocus on these markets in response to slowing growth in personal luxury goods spend.  The firm’s new Global Luxury Retail report states that, by contrast, the proportion of global luxury openings in China and Middle East fell to 9% this year from 17% in 2016.

 
 
Boom in European 'multifamily' investment paves way for continued growth across core and emerging markets - Savills

Boom in European 'multifamily' investment paves way for continued growth across core and emerging markets - Savills

13 November 2017

Multifamily (or PRS as it is known in the UK) now accounts for 14% of total real estate investment in Europe and half of all real estate investment activity in Denmark, a third of the activity in Sweden, 23% in Finland, 22% in Germany and 17% in the Netherlands, according to Savills.

 
 
£1million woodland fund could benefit landowners from London to the West Midlands

£1million woodland fund could benefit landowners from London to the West Midlands

13 November 2017

The government has announced a new £5m fund as part of the HS2 project to create and restore native woodlands. The scheme will open in January 2018 and Savills forestry team is urging landowners to submit applications as early as possible to avoid missing out. 

 
 
Virginia Woolf’s former home and birthplace of the Hogarth Press has been converted into two exquisite townhouses in the centre of Richmond

Virginia Woolf’s former home and birthplace of the Hogarth Press has been converted into two exquisite townhouses in the centre of Richmond

13 November 2017

Two painstakingly restored townhouses, Virginia and Leonard, which together form Grade II listed building Hogarth House in Richmond, Surrey, are now for sale through Savills for £3.75m each.

 
 

Key Contacts

Victoria Buchanan

Victoria Buchanan

Director
Commercial Press Office

Savills Margaret Street

+44 (0) 7870 999 653

 

Jamie Jago

Jamie Jago

Director
Residential Press Office

Savills Margaret Street

+44 (0) 20 7016 3880