August 2017


West End sees highest consecutive monthly take-up in 17 years

West End sees highest consecutive monthly take-up in 17 years

31 August 2017

London’s West End office market has seen take-up of over half a million square feet for two consecutive months for the first time since April 2000, says international real estate advisor Savills. Take up reached 513,691 sq ft (47,722 sq m) in July 2017, which followed June’s take-up of 760,026 sq ft (70,606 sq m) according to the firm.

 
 
Prime industrial development site for sale in Beecroft Park, Nottinghamshire

Prime industrial development site for sale in Beecroft Park, Nottinghamshire

31 August 2017

On behalf of a private client, Savills has brought to market a prime industrial development site at 28 Beecroft Park on Penny Emma Way in Sutton in Ashfield, Nottinghamshire. The freehold is available to purchase at a guide price of £2.5 million.

 
 
Manchester's Townhouse Hotel changes hands for £12.5 million

Manchester's Townhouse Hotel changes hands for £12.5 million

30 August 2017

Fragrance Group Limited, represented by international real estate advisor Savills, has acquired Townhouse Hotel in Manchester from Harcourt Developments for £12.5 million.

 
 
Central London commercial investment tops £11billion as City market sees strongest trading in a decade

Central London commercial investment tops £11billion as City market sees strongest trading in a decade

30 August 2017

With £2.352 billion invested in central London’s commercial property in July alone, total turnover for 2017 to the end of July reached £11.5 billion, marking a 24% increase on the same point last year, according to international real estate advisor Savills.

 
 
Bond Street’s ‘super luxury’ profile intensifies as proportion of luxury stores rises to 73.9% - Savills

Bond Street’s ‘super luxury’ profile intensifies as proportion of luxury stores rises to 73.9% - Savills

24 August 2017

Bond Street’s luxury profile has intensified over the last five years with the proportion of stores occupied by ‘super luxury’ retailers rising to 73.9% from 62.8%, according to international real estate advisor Savills.  Store openings on the street are expected to total 12 by year end based on known commitments, says the firm, in line with the previous 2012 peak.

 
 
£6.7 million sale success for mixed-use asset in Lytham St Annes

£6.7 million sale success for mixed-use asset in Lytham St Annes

24 August 2017

International real estate advisor Savills, on behalf of Savills Investment Management’s UK Income Growth Fund, has acquired a mixed-use building in Lytham St Annes from RO Real Estate for £6.7 million.  The deal reflects a net initial yield of 5.67%.

 
 
UK serviced office take-up more than doubles in H117

UK serviced office take-up more than doubles in H117

23 August 2017

Serviced office take up across the UK has increased by 176% in H117 reaching 1.07 million sq ft compared to the same period in 2016, which saw 386,750 sq ft acquired, according to international real estate advisor Savills.

 
 
Law firm moves into Incubator building at Alconbury Weald

Law firm moves into Incubator building at Alconbury Weald

22 August 2017

Savills, on behalf of Urban & Civic, has let office space in the Incubator building at Alconbury Weald’s Enterprise Campus to Roythornes Solicitors.

 
 
Walkie Talkie sale helps City investment reach £2.1 billion and total turnover up 51% on 2016

Walkie Talkie sale helps City investment reach £2.1 billion and total turnover up 51% on 2016

21 August 2017

Boosted by the sale of the Walkie Talkie to Hong Kong based Infinitus Property Group, commercial property investment in the City of London in the month of July (2017) totalled £2.1 billion, according to international real estate advisor Savills.    

 
 
Birmingham’s new waterside community is a step closer as Port Loop plans are submitted

Birmingham’s new waterside community is a step closer as Port Loop plans are submitted

17 August 2017

The highly anticipated regeneration of Icknield Port Loop – one of the UK’s most important Brownfield sites – is a step closer, as the joint venture behind the development has submitted a detailed planning application for the project’s first phase.

 
 

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