Tag: Savills

Rent hike warning for Dublin Retailers

Posted on 23 September, 2015 by Cliff Goodwin under Business News

Retail rents on Dublin’s Grafton Street — once the fifth most expensive main shopping street in the world — are likely to rise by more than 15 per cent, a global real estate services provider has warned. Fuelled by a growing trend in... Read More

Manchester Still On The Menu For Hungry Restaurant Operators

Posted on 19 September, 2015 by Cliff Goodwin under Business News, Economy

Thirty national restaurant chains have opened sites in Manchester in the past four years. There are now 140 eateries within the northern city, according the real estate advisors Savills. Keeping track of the catering influx since the firm hosted the... Read More

Marina Quay Shopping Centre boosts Rhyl Desirability

Posted on 1 September, 2015 by Kirsten Kennedy under Commercial Sales and Lets

The upcoming Marina Quay Shopping Centre has caused a whirl of excitement in Rhyl, North Wales, with many hoping that the new retail destination will be the trigger for a large scale regeneration of the wider seaside town. Indeed, there are signs... Read More

West End Transaction Volumes hit Half Year High

Posted on 21 July, 2015 by Chris Grigorovsky under Commercial Sales and Lets

Total West End transaction volumes reached a record high of £3.85 billion in the first half of the year, according to a report from Savills. The figure represents a 22 per cent increase on the previous H1 best of £3.15 billion recorded in 2014. Savills... Read More

Engineering Firm heads to New Birmingham Business District HQ

Posted on 13 July, 2015 by Neil Bird under Industry News

Engineering consultancy, Waterman Group has taken 4,642 sq ft of Grade A office space at the heart of Birmingham city centre. The company has agreed a ten year lease on the fifth floor of One Cornwall Street (pictured above) in a deal brokered by DTZ... Read More

Irish Commercial Property Market heading for “Exceptional” Year

Posted on 7 July, 2015 by Cliff Goodwin under Industry News

Although still €1.5bn (£10.6bn) behind its 2014 record, Ireland is expected to see around €3.5bn (£2.4bn) worth of commercial property assets change hands this year. According to a new survey from the global real estate services provider... Read More

Take-off in Heathrow Hotel Demand forecast following Third Runway recommendation

Posted on 3 July, 2015 by Chris Grigorovsky under Business News

Following the Airport Commission’s recommendation for a third runway at Heathrow, Savills has forecast that the hotel sector will see demand rise by 42 per cent - equivalent to an additional 3,500 rooms. Savills also reports that the ten year average... Read More

Redditch Eastern Gateway scheme gets £1.8m LEP Funding

Posted on 24 June, 2015 by Chris Grigorovsky under Commercial Developments

The Gorcott Trust and the Homes & Communities Agency (HCA) have secured £1.8 million of infrastructure funding for the Redditch Eastern Gateway development from Worcestershire Local Enterprise Partnership (LEP). With the funding in place, development... Read More

Bulky Goods Market driving Retail Warehouse Demand

Posted on 8 June, 2015 by Cliff Goodwin under Business News

According to research by the international real estate advisor, Savills, there has been a clear increase in demand from bulky goods retailers — with 20 brands currently seeking new units. The service provider’s latest UK retail warehouse bulletin... Read More

International Investors line up for Glasgow Atlantic Quay Sale

Posted on 5 June, 2015 by Cliff Goodwin under Commercial Sales and Lets

Real estate services provider, Savills, admits it is expecting “worldwide interest” in a trio of premier office buildings it is selling on Glasgow waterfront. The agency — which is looking for offers in excess of £62.5m for the Atlantic Quay... Read More