September 2017


Period office with significant development potential opposite Buckingham Palace comes to market

Period office with significant development potential opposite Buckingham Palace comes to market

18 September 2017

Savills, jointly with Michael Elliott, on behalf of a private client, has brought to market 4-5 Buckingham Gate, London. Currently a Grade II listed office building there are a number of development options for the site including hotel, continued office use and residential.

 
 
WeWork doubles down in Manchester with second UK location outside London

WeWork doubles down in Manchester with second UK location outside London

15 September 2017

Global space, community, and services company WeWork has today announced its second UK location outside London. WeWork is leasing 40,000 square feet of space in Manchester’s award winning One St Peter’s Square. The building was acquired in 2016 by Deka Immobilien for the German open-ended real estate fund WestInvest InterSelect. The striking building is prominently situated in the Central Business District in the city centre and is surrounded by local services, restaurants, shops and tram station.

 
 
New housing need measure a step in the right direction, but it will still undercount need in high value locations

New housing need measure a step in the right direction, but it will still undercount need in high value locations

15 September 2017

Communities Secretary Sajid Javid has set out proposals to standardise the calculation of housing need, as signalled in February’s White Paper, Fixing our broken housing market. 

 
 
Cambridge continues to grow as a hub of global importance but could be hampered by housing constraints

Cambridge continues to grow as a hub of global importance but could be hampered by housing constraints

14 September 2017

Strong economic growth and £46 billion of corporate investment since 2012 has shaped Cambridge into a successful and world leading bioscience and research centre. However, new research from Savills suggests that with increasing affordability pressures on residential and commercial markets, the right space must be delivered to enable the city to remain competitive on a global stage.

 
 
Yields in Glasgow set to harden in 2017 – Savills

Yields in Glasgow set to harden in 2017 – Savills

13 September 2017

Glasgow is poised to see yields for prime offices harden by 25 basis points (bps) by 2017 year-end, says international real estate advisor Savills.

 
 
UK regional office outlook positive as lack of supply and strong demand continues to fuel rental growth

UK regional office outlook positive as lack of supply and strong demand continues to fuel rental growth

13 September 2017

According to Savills latest UK Regional Offices Market Watch, the firm anticipates that take-up will reach 9.8 million sq ft (910,450 sq m) by the end of 2017, a 4% increase on 2016 and 9% up on the 10 year average. This is due to a number of large Government Property Unit (GPU) deals completing in the second half of the year.

 
 
Savills celebrates 60 years in Essex with a new home

Savills celebrates 60 years in Essex with a new home

13 September 2017

Over 150 years ago, Alfred Savill left Essex to try his fortunes in the City of London. Just over 100 years later, the successful business he founded returned to Essex with the opening of one of Savills first regional offices based on New London Road, Chelmsford.

 
 
Central London take-up reaches almost 6.5 million sq ft in first seven months

Central London take-up reaches almost 6.5 million sq ft in first seven months

12 September 2017

Office take-up in Central London reached 890,161 sq ft (82,696 sq m) in the month of July 2017, taking total take-up for the year to date to 6.4 million sq ft (597,061 sq m), according to international real estate advisor Savills, with the West End market seeing take-up of above half a million square feet in two consecutive months for the first time in 17 years.

 
 
AIM Aviation manufacturing facility takes off with £18.1 million sale

AIM Aviation manufacturing facility takes off with £18.1 million sale

12 September 2017

Corporate pension fund clients of Savills Investment Management, advised jointly by Savills and AW Associates, have completed the sale of AIM Aviation’s manufacturing unit in Bournemouth to Eastleigh Borough Council for £18.17 million, representing a net yield of 4.95%.

 
 
Custom House for sale in Harwich, Essex

Custom House for sale in Harwich, Essex

12 September 2017

On behalf of Mapely, Savills jointly with Fenn Wright, have been appointed to market Custom House on Main Road, Dovercourt in Harwich. The vacant freehold is being marketed at a guide price of £750,000.

 
 

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