July 2017


2017 investment into Scotland’s hotels sector totals annual volume for 2016 in just six months

2017 investment into Scotland’s hotels sector totals annual volume for 2016 in just six months

31 July 2017

According to international real estate advisor Savills, circa £118 million has been invested into Scotland’s hotels sector in the first half of 2017, already in line with total transaction volumes reached in 2016 (£119.7 million).

 
 
Top rents in Cardiff predicted to rise 4% by the end of next year

Top rents in Cardiff predicted to rise 4% by the end of next year

31 July 2017

Companies looking for smaller, less traditional and more creative space are driving the Cardiff office market with top rents expected to increase by 4% by the end of 2019, according to Savills. Rents for Grade A space currently stand at £25 per sq ft (£269 per sq m).

 
 
M&S Foodhall to anchor new out of town retail development in Ripon, Yorkshire

M&S Foodhall to anchor new out of town retail development in Ripon, Yorkshire

28 July 2017

Peveril Securities, in a joint venture with Rothstone Estates and represented by Savills, has secured M&S Foodhall as the anchor for Rotary Way, a new out of town retail development in Ripon, North Yorkshire.  

 
 
10 years on the credit crunch is still shaping the UK housing market

10 years on the credit crunch is still shaping the UK housing market

28 July 2017

On August 9 2007, citing ‘a complete evaporation of liquidity’, BNP Paribas froze three funds.  A month later, £1 billion was withdrawn from Northern Rock in a day.  The global financial crisis, an event that has fundamentally altered the shape of the UK housing market, had begun.

 
 
Retail team secures four major brands for landmark Pinnacle Leeds development

Retail team secures four major brands for landmark Pinnacle Leeds development

28 July 2017

Savills, on behalf of a private client, has secured four new restaurant and coffee shop brands for the landmark Pinnacle Leeds building in Leeds city centre.

 
 
Landlords invest in Peterborough office market with wave of refurbishments

Landlords invest in Peterborough office market with wave of refurbishments

26 July 2017

According to Savills, zero speculative development and a lack of good quality space in the Peterborough office market has seen landlords invest heavily in refurbishing stock. Circa 100,000 sq ft (9,290 sq m) has been upgraded in the first half of 2017 in order to satisfy ongoing occupier demand.

 
 
Office occupiers commit to London as take-up for year to date rises 23% on 2016

Office occupiers commit to London as take-up for year to date rises 23% on 2016

26 July 2017

According to Savills research, office take-up in Central London in the first half of 2017 has reached 5.5 million sq ft (510,950 sq m), marking a 23% increase on the same point last year (4.5 million sq ft / 430,500 sq m) and the 10-year average (also 4.5 million sq ft / 430,500 sq m).

 
 
Eurocentral is strengthened Lidl by Lidl

Eurocentral is strengthened Lidl by Lidl

26 July 2017

Savills has agreed the sale of 50 acres (20 hectares) of land at Eurocentral in North Lanarkshire to Lidl on behalf of Scottish Enterprise.

 
 
Sale of Macclesfield's Shrigley Hall marks completion of Project Solstice portfolio

Sale of Macclesfield's Shrigley Hall marks completion of Project Solstice portfolio

25 July 2017

The Hotel Collection, represented by Savills, has sold Shrigley Hall Hotel, Golf & Country Club in Pott Shrigley near Macclesfield to a private investor.  The property was the last remaining asset in a 10-strong portfolio of regional UK hotels, known as Project Solstice, which came to market for a combined guide price in excess of £130 million last year. 

 
 
H1 West End investment second highest on record

H1 West End investment second highest on record

25 July 2017

Investment in West End commercial property reached £3.9 billion in the first six months of 2017, the second highest volume on record for the first half of a year. 

 
 

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