June 2017


Prime London house prices dip in face of volatile sentiment

Prime London house prices dip in face of volatile sentiment

28 June 2017

A year on from the Brexit vote, prime London house prices have continued to soften, recording small falls both in central and outer prime locations over the past quarter, according to latest analysis from international property adviser, Savills.

 
 
Gap between refurbished and new build office rents in Edinburgh set to become lowest on record

Gap between refurbished and new build office rents in Edinburgh set to become lowest on record

28 June 2017

According to Savills, a severe shortage of new office development in Edinburgh has lead to a rise in rents on refurbished offices, expected to hit £32.50 per sq ft in Q3 2017, closing the gap between refurbished and new build rents to only £1 per sq ft, the lowest level on record.

 
 
Seven-strong London pub & restaurant investment portfolio comes to market

Seven-strong London pub & restaurant investment portfolio comes to market

28 June 2017

International real estate advisor Savills, on behalf of a private client, has brought to market a seven-strong portfolio of prime licensed leisure investments in London.

 
 
Rise of community shopping centres as 78% of shoppers visit at least weekly

Rise of community shopping centres as 78% of shoppers visit at least weekly

27 June 2017

Community shopping centres are playing an increasingly important role in the overall retail experience, according to a new report from Savills and Ellandi, with 78% of shoppers visiting one at least weekly and 92% at least monthly.  Retail Revolutions: The Rise of the Community Shopping Centre highlights a polarisation of shopping patterns, with a clear distinction between dominant centres visited occasionally and functional local shopping fitted around busy, every-day life.

 
 
CCLA acquires pair of prime office assets from Aviva in £10.5 million sale

CCLA acquires pair of prime office assets from Aviva in £10.5 million sale

27 June 2017

Aviva, advised by international real estate advisor Savills, has sold two office buildings on Manor Royal Business Park in Crawley, to the UK charity fund manager CCLA. Alexandra House and Compass House sold for a combined £10.15 million, representing a net initial yield of 8.42%.

 
 
Life science sector remains strong in the South East despite ongoing uncertainty

Life science sector remains strong in the South East despite ongoing uncertainty

27 June 2017

According to Savills, the pharmaceutical industry and life sciences sector continues to be a key driver of demand within the M25 office market accounting for 10% of all space transacted in the region in 2016, the highest proportion of take-up in the last five years. This suggests continued confidence by both domestic and international firms in the South East, despite ongoing economic uncertainty surrounding Brexit.

 
 
Average lot size of City deals hits £109.2m in May

Average lot size of City deals hits £109.2m in May

26 June 2017

The average lot size for commercial property investments in the City of London reached £109.2 million in May (2017); up 52% on May 2016 levels according to the latest City Investment Watch from Savills.

 
 
Popular North Wales holiday park sold from a guide price of just under £2 million

Popular North Wales holiday park sold from a guide price of just under £2 million

26 June 2017

Savills, on behalf of local park operator, has sold Caerwys View Holiday Park in North Wales from a guide price of £1,995,000 to a private investor.

 
 
ASAP/Savills Sentiment Survey points to improving operational performance for 2017 and over one third of operators looking to accelerate their expansion plans

ASAP/Savills Sentiment Survey points to improving operational performance for 2017 and over one third of operators looking to accelerate their expansion plans

26 June 2017

The Association of Serviced Apartment Providers (ASAP) and Savills have released the headline results for the sector from their Operator Sentiment Tracker Survey (June 2017), which track the changes in operator sentiment compared to the November 2016 Survey.

 
 
Mattressman beds down in Rotherham with 21st UK store

Mattressman beds down in Rotherham with 21st UK store

26 June 2017

Mattressman, represented by international real estate advisor Savills, has acquired a store at Great Eastern Retail Park in Rotherham.  The deal follows acquisitions in Coventry, Kent and the Isle of Wight in late 2016, taking the retailer’s total store count to 21.

 
 

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