Spotlight: Scottish Estate

Benchmarking Survey

Scottish Estate Benchmarking Survey
Scottish Estate Benchmarking Survey

8 November 2017, by Savills Rural Research

We are seeing a greater focus on alternative income streams. This is driven by economic pressure and the need to spread risk in light of uncertainties surrounding agricultural support and new trade regimes

Summary

Agricultural and residential sectors remain the bedrock of rural estates delivering, on average, 70% of gross income.

 

Owners have identified the relative security of their residential portfolios and invested to maximise return. They have greatly improved their performance in the last 10 years.

Commercial and leisure incomes have become increasingly significant over the past seven years. We are now recording a similar pattern for renewable energy enterprises.

Trading enterprises are more prevalent on Scottish estates, where the five-year average of trading income represented 18% of gross income, compared with 8% on English estates.

Estates are converting or disposing of poorly performing assets. They are investing in new income streams, such as developing commercial workspace and diversifying into alternative enterprises.


About our Survey

This report provides owners, managers and trustees with a clear focus on each sector’s performance, allowing them to make clear decisions and investment appraisals. In terms of due diligence, it enables participants to demonstrate best practice across the managed assets. For more information, or to be part of the next survey, please contact a team member.

Articles from 'Spotlight: Scottish Estate Benchmarking Survey – 2017'

Keeping pace with change

08 November 2017

Keeping pace with change

Scottish estates are proving robust as owners and managers adapt to the changing face of the rural sector by appraising tenancies and diversifying sources of income

Standing still is not an option

While proactive management of property assets will help reduce risk, rural estates need to evolve. Developing new income streams is essential

Value through diversity

08 November 2017

Value through diversity

Agricultural and residential assets still provide the core income for rural estates. Proactive management must continue to draw income from a greater range of assets

New opportunities for estate income

Estates are improving growth through greater diversification of assets, adding commercial, leisure and renewable energy enterprises to the traditional mix

 
 

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Key contacts

Ian Bailey

Ian Bailey

Director
Rural Research

Head Office London

+44 (0) 20 7299 3099

 

Kenneth Munn MRICS

Kenneth Munn MRICS

Director
Rural Management

Edinburgh

+44 (0) 13 1247 3728