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Prime Sheffield office building changes hands for £6.85 millionOpen in a New Window

ADAPT Real Estate, working alongside Ship Street Advisors, and acting on behalf of UKRO, a Jersey domiciled fund focused on UK regional offices, has acquired Riverside West in Sheffield from Schroder Real Estate Investment Management for £6.85 million. The deal reflects a net initial yield of 7.60%. International real estate advisor Savills, acted on behalf of the purchaser.

 

Savills further strengthens retail investment offering with new directorOpen in a New Window


International real estate advisor Savills has strengthened its retail investment team with the appointment of James Stratton from Cushman & Wakefield.

 

Future of outlet centres lies in hybrid offer & more urban locationsOpen in a New Window


Outlet centres are increasingly on the agenda of shoppers, landlords and investors, according to a new report from Savills and Seven Dials, with hybrid offers and increasingly urban schemes providing key opportunities for future success.  Retail Revolutions: The Evolution of the Outlet Centre states that average footfall has grown 10% at such schemes since 2012, while average spend has risen from £51 to £72.50 and the number of shoppers visiting between three and 11 times per year is up by 10%.

 

Planning Division holds on to top spot in consultancy survey for the third year runningOpen in a New Window

Savills Planning division has maintained its position as the No.1 national planning consultant in Planning magazine’s annual consultancy survey for the third year in a row.

 

Lilswood Holiday Park, Northumberland, under new ownershipOpen in a New Window

Savills, on behalf of a local park operator, has sold Lilswood Holiday Park in Hexham, Northumberland to a private individual from a guide price of £225,000.

 

Luxury retailers streamline portfolios to focus on destination markets & larger stores - SavillsOpen in a New Window


Destination cities in Europe, North America and Asia Pacific markets beyond China have all seen a proportional increase in share of global luxury store openings in 2017, according to Savills, as brands refocus on these markets in response to slowing growth in personal luxury goods spend.  The firm’s new Global Luxury Retail report states that, by contrast, the proportion of global luxury openings in China and Middle East fell to 9% this year from 17% in 2016.

 

Boom in European 'multifamily' investment paves way for continued growth across core and emerging markets - SavillsOpen in a New Window


Multifamily (or PRS as it is known in the UK) now accounts for 14% of total real estate investment in Europe and half of all real estate investment activity in Denmark, a third of the activity in Sweden, 23% in Finland, 22% in Germany and 17% in the Netherlands, according to Savills.

 

£1million woodland fund could benefit landowners from London to the West MidlandsOpen in a New Window

The government has announced a new £5m fund as part of the HS2 project to create and restore native woodlands. The scheme will open in January 2018 and Savills forestry team is urging landowners to submit applications as early as possible to avoid missing out. 

 

Virginia Woolf’s former home and birthplace of the Hogarth Press has been converted into two exquisite townhouses in the centre of RichmondOpen in a New Window


Two painstakingly restored townhouses, Virginia and Leonard, which together form Grade II listed building Hogarth House in Richmond, Surrey, are now for sale through Savills for £3.75m each.

 

Betfred backs a winner with new store in DarlingtonOpen in a New Window

Firstpost Limited, jointly represented by Savills and Brassington Rowan, has let retail unit 54a-58 on Northgate in Darlington to Betfred.
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