June 2017


FI Real Estate Management to launch newly refurbished office space at Northminster House, Peterborough

FI Real Estate Management to launch newly refurbished office space at Northminster House, Peterborough

29 June 2017

On behalf of FI Real Estate Management Ltd , Savills jointly with Barker Storey Matthews, have been appointed to let newly refurbished office accommodation at Northminster House in Peterborough.

 
 
Savills launches new business park development at Kinning park, Glasgow

Savills launches new business park development at Kinning park, Glasgow

29 June 2017

On behalf of local developer, Century Land, Savills has been appointed letting agent at Cornwall Street Business Park on Kinning Park, Glasgow.

 
 
Falling European vacancy levels drives rise in office rents but growth to slow as development activity picks up

Falling European vacancy levels drives rise in office rents but growth to slow as development activity picks up

29 June 2017

The average prime rent in a European Central Business District (CBD) grew 2.5% year-on-year to the end of Q1 2017, with non-CBD rents also rising by 3.5%, as a lack of high quality space pushes tenants towards alternative locations outside city centres, according to Savills latest European Offices Market Report. 

 
 
Sudbury Courtyard and Savills Lichfield rural team scoop accolade at East Midlands LABC Building Excellence Awards

Sudbury Courtyard and Savills Lichfield rural team scoop accolade at East Midlands LABC Building Excellence Awards

29 June 2017

Sudbury Courtyard was awarded Best Small Commercial Project at the East Midlands Local Authority Building Control (LABC) Building Excellence Awards earlier this month.

 
 
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.

 
 

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