Glasgow is at a tipping point as a lack of new office developments in the city centre could see ‘refurbishment’ rents outstrip rents on new-build in 2023 for first time in six years, to reach £36 per sq ft, according to Savills. With less than a year’s supply of new office ac
Scottish development land values remain strong, despite competition from alternative uses and increasing build costs, according to a new report from Savills. Recent value increases, supported by strong house price growth and a shortage of land consented for development, have resulted in a strong mar
Office take-up in Aberdeen in the first quarter of 2022 has already exceeded the total annual take-up for last year, with 195,905 sq ft of office deals completed in the first three months of the year, according to the latest research from Savills. By comparison, Savills says, the average Q1 tak
Westpoint Homes has purchased a city centre residential development site with detailed planning permission for 92 units, just one mile south east of Glasgow City Centre at Old Rutherglen Road in the Gorbals area.
Strategic landowner Lands Improvement, owned by Telereal Trillium, has concluded the sale of residential development land to Bellway Homes Scotland Limited, with Savills Development Team representing the vendor.
Plans to create a residential-led development that will transform a 15.5-acre factory site in Edinburgh with new homes, community amenities and access to a new transport hub have moved forward with the acquisition of the plot of land.
Savills has announced that Graeme Fraser will take on the role of head of valuation in Scotland, working closely with Craig Timney in his new role as head of UK valuation operations. Mr Fraser has over 25 years’ experience providing valuation and consultancy advice specialising primarily in lo
It could cost UK landlords up to £40 per sq ft (£430 per sq m) to make high cost improvements in order to hit proposed legislative energy targets set to come into effect from 2027 onwards, according to new research by Savills.
Real estate firm Savills has urged that it is time for the real estate sector to take its environmental and social impact seriously and get its house in order. The firm has said that the sectror faces challenges, but has the potential to provide many solutions.
Savills has further expanded its Edinburgh residential sales team with the appointment of two new associate directors following what it describes as a "remarkable" period of housing market activity in Scotland’s capital. Laura Mathieson joins Savills after five years working in the prime Edinb
Savills: Refurbishments and rental growth to be major themes for regional office market in year ahead
The post-pandemic hunt for ‘best in class’ offices will unlock refurbishment opportunities of Grade B/ C stock in key UK cities in 2022, with associated rents setting new highs when complete, according to new research from Savills. In order to satisfy demand, and against a backdrop of li
Real estate advisor Savills has seen its profits before tax double in 2021 from £96.6 million to over £200m. Group revenue increased by 23% to £2.15 billion, compared to £1.74bn in 2020.
Savills Scotland has announced 22 promotions within its commercial, residential and rural property divisions, and across multiple offices spanning Dumfries to Aberdeen. The promotions, which include the creation of four new directors, will take effect from 1st March 2022.
A total of £11 million is needed to make the Granite Mile buildings sparkle again, according to property consultants.
There was an unprecedented demand for Scottish property across the board over the last year, including for homes worth more than a million pounds, the latest statistics from Savills have revealed. According to the figures, this section of the market grew by 31% last year compared to