Improved retailer activity and confidence combined with an increase in rightsizing and the emergence of new occupier types all point towards a brighter future for the UK retail market, says Savills. In its Retail Revolutions: 2018 Outlook report, the international real estate advisor forecasts a number of key trends that will gain traction in the sector next year.
International real estate advisor Savills has bolstered its hotels team with the appointment of Mai Kawashima who joins as an associate director based in the London office.
Food & beverage sector growth firmly on menu in Liverpool & Manchester despite slow down from national brands
Retail and leisure lettings in Liverpool and Manchester have been heavily weighted towards food and beverage operators in the last 18 months, according to Savills.
Savills was last night awarded Residential Adviser of the Year for a second consecutive year at the 2017 Estates Gazette Awards. The gala ceremony was held at the Grosvenor House Hotel in London's West End.
Turkish retailer NU, represented by international real estate advisor Savills, has acquired its first UK store at 15 New Cavendish Street in Marylebone, London.
On behalf of TH Real Estate, Savills has welcomed HomeStore & More to Craigleith Retail Park in Edinburgh, marking the first store for Ireland's leading independent homewares retailer in the UK. HomeStore & More is the latest in a number of significant lettings at the scheme.
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.
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
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 constraintsStrong 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.