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Savills UK

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Last update June 6, 2023 | Report an error

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Contributors

Peter Allen

Director, Head of Residential Investment

Yolande Barnes

Head of Savills World Research

Mike Barnes

Associate Director, European Research

Jeremy Bates

Head Office London - Executive Director

Andrew Blennerhassett

Associate Research Analyst

Peter Allen

Director, Head of Residential Investment

Yolande Barnes

Head of Savills World Research

Mike Barnes

Associate Director, European Research

Jeremy Bates

Head Office London - Executive Director

Andrew Blennerhassett

Associate Research Analyst

Tim Bretten

Director European Property Management

James Burke

Director, Global Cross Border Investment & European Capital Markets

George Coleman

Associate, Regional Investment Advisory EMEA

Richard Dawes

Director EMEA Hotel Capital Markets

Marcus de Minckwitz

Director, Omnichannel Group - Head Office London

Georgia Ferris

European Research Analyst

Matthew Fitzgerald

Head of Knowledge Cubed Occupier Technology, EMEA

Oliver Fraser-Looen

Head of European Retail Investment

Richard Garside

Head of Central London Investment

Chris Gillum

Head of Offices Regional Investment Advisory EMEA

Robert Godfrey

Directeur Strategic Investment Advisory

Lucy Greenwood

Associate Residential Research and Consultancy

Jeremy Helsby

Senior Plc Board Advisor

Marie Hickey

Director of Savills Commercial Research

Simon Hope

Head of Global Capital Markets, Investment

Tristam Larder

Joint Head of Regional Investment Advisory EMEA

Cal Lee

Director

Tom Mellows

Director Science Team, Occupier Representation, Development and Leasing

Eri Mitsostergiou

Director, European Research

Kevin Mofid

Head of Industrial Research

Scott Newcombe

Head of EMEA Data Centre Advisory

Emily Norton

Head of Rural Research

Mat Oakley

Head of European Commercial Research

Robert Pearson

Director in UK Tenant Representation

Mark Ridley

Group Chief Executive Officer

Marcus Roberts

Director, Residential Capital Markets

Kelcie Sellers

World Research Analyst

Anthony Selwyn

Co-Head of Prime Global Retail

Christina Sigliano

EMEA Head of Occupier Services

James Sparrow

Chief Executive Officer, Savills UK and EMEA

Paul Tostevin

Director World Research

Richard Valentine-Selsey

Head of European Living Research & Consultancy

Finance

Geographical diversification and value-adding, the new keys to the property market?

As we know, the European Central Bank's (ECB) initial wait-and-see attitude, particularly in the first half of 2022, led to a harmful delay in (...)

Finance

"Debt cost, repricing, stock shortage are the three main restraints for investors"

BiTV Interviews welcomes Mike Barnes, Associate Director European Research at Savills. Savills recently published its annual "Spotlight : EME Investor Sentiment Survey". As interest rates (...)

Office

Amundi unable to sell a European office megaportfolio

Amundi has failed to sell a €2.5bn European office portfolio, according to several market sources. The French investor and asset manager is now attempting (...)

Finance

French investors increasingly active in Spain, UK and Italy, says Savills

According to Savills latest research, French capital invested in European real estate totalled nearly €3.2bn in H1 2023, accounting for 10% of all cross-border (...)

Finance

Savills expects European property investment to rebound by 35% in 2024

According to Savills, total European property investment could reach €220bn by 2024, up 35% on the €163bn forecast for 2023. The property consultancy even (...)

Office

Life Sciences property ready to make its mark in France

Life Sciences real estate - an asset class that encompasses the infrastructure occupied by the pharmaceutical, biotechnology and medical industries - has established itself (...)

Office

Will office transactions rebound faster in London?

According to a recent Savills survey, the correction in office prices is underway throughout Europe. But London seems to have completed its correction in April, (...)

Retail

« There was a market momentum for luxury brands in 2022 »

On the fourth edition of their "Global Luxuary Retail 2023 Outlook", Savills states that luxury brands have become increasingly open to a wider variety (...)

Housing

Discovering new living concepts in Europe’s residential sector

We see a market in transition. Demographic trends support bespoke living solutions across the lifecycle. This is especially true for living in old age. (...)

Green

Paris, Berlin, Madrid... these cities resilient to climate change (Savills)

According to Savills' new Climate Resilient Cities Index, the real estate markets of Paris, Berlin, Madrid and Toronto stand out for their lower exposure (...)

Office

A landmark transaction for La Française REM in Manchester

According to CoStar*, La Française REM, acting on behalf of two collective real estate investment vehicles, has acquired 101 Barbirolli Square in Manchester from (...)

Finance

"2022 has been a very bumpy year but that hasn't stopped Savills IM from being very active"

Business Immo: What has been the trajectory of Savills IM in recent years? Laurent Vouin: When I started in 2015 as Managing Director of Savills (...)

Finance

"Rising debt costs are reducing cash-on-cash returns for European real estate investors"

BiTV Interviews welcomes Mike Barnes, Associate Director European Research at Savills. With him, we discuss the recently published Savills EME Investor Sentiment Survey, which revealed (...)

Housing

Already €11.7bn invested in the student residence segment in Europe after Q3 2022 (Savills)

According to Savills, the total volume of investment in the student accommodation sector in Europe reached €11.7bn in the first three quarters of 2022, (...)

Finance

Towards a more defensive approach by investors in Europe

According to a Savills survey of investors and asset managers in Europe and the Middle East, the top five investment sectors for the next (...)

Office

Paris tops the list of European cities where the return to the office is most prevalent (Savills)

According to the latest research from Savills*, the international property consultancy, the business districts of Paris (54%), Madrid (52%) and Cologne (47%) had the (...)

Office

"Because of inflation, office fit-out costs have risen an average of 6%"

BiTV Interviews welcomes Kelcie Sellers, World Research Associate at Savills With her, we discuss the firm's recently published Savills Prime Office Costs Q2 2022 report. (...)

Hospitality

€16.1bn invested in the European hotel sector in 2021 (Savills)

According to Savills, €16.1bn was invested in the European hotel sector in 2021, an increase of 61% on the previous year. Spain, Italy and (...)

Office

5.7 million sqm of office space to be delivered in Europe by 2022, according to Savills

According to Savills, over 5.7 million sqm of new office space will be delivered in Europe in 2022, 49% of which is already let. (...)

Green

Savills commits to reducing greenhouse gas emissions with iSBT

Savills has signed the Science-Based Targets (iSBT) initiative commitment letter, which commits the group to "ambitious" and "long-term" targets to reduce its greenhouse gas (...)

Housing

92.3bn invested in the multi-family segment in Europe in 2021 (Savills)

Driven by large-scale mergers and acquisitions, European multi-family (or residential) investment volumes in the 12 countries analysed reached around €92.3bn in 2021, up 79% (...)

Office

La Française REM signs two adjoining buildings in the UK

La Française Real Estate Managers (REM), on behalf of the SCPI LF Europimmo, has acquired two adjoining office and retail buildings in Bristol, in (...)

Office

Why fintech occupiers are drawn to Paris

BiTV Interviews welcomes Mike Barnes, European Commercial Research Associate at Savills. With him, we discuss the firm's recent study, which found that Paris was the (...)

Office

Paris, the second most attractive European city for fintech companies (Savills)

In its latest European Fintech Occupier Outlook, Savills ranks Paris as the second most attractive European city for fintech companies, behind London. In 2020, (...)

Housing

Student housing: demand to intensify in Europe (Savills)

Sustained growth in student numbers across Europe will drive demand for student accommodation over the next five years in all major European university cities – particularly (...)

Health / Senior

Seniors' and nursing homes: €4bn invested in Europe in H1 2021

The European senior and assisted living sector has seen a record level of investment in the first half of 2021. According to Savills figures, (...)

Housing

Residential proves its appeal on a continental scale

Multi-family residential assets, took 38% of capital raised in Europe for single-sector strategies, according to Inrev, ahead of logistics (33%), office (16%) and retail (...)

Logistics

2021, a record year for the European logistics sector - Savills

The European logistics market is set for another record year, according to Savills, with investment and take-up volumes already exceeding their five-year average by (...)

Office

Which cities are likely to be early adopters of hybrid working practices? (Savills)

Savills recently examined a number of factors to assess which global cities are likely to be the fastest adopters of post-Covid-19 hybrid working practices. (...)

Office

Paris on the podium of the most resilient European cities in 2021 - Savills

According to Savills' Impacts 2021 programme, London, Paris and Stockholm are the three most resilient cities in Europe in 2021. New York, Los Angeles, (...)

Office

Paris will have 22 more coworking spaces by the end of the year

According to the latest study by Workthere, Savills' platform for coworking spaces worldwide, the Paris flexible office market is proving to be "particularly resilient" (...)

Office

Paris' real estate still attractive to investors - Savills

According to Savills, yields for prime office and logistics assets are expected to continue to fall across Europe this year, with an expected compression (...)

Housing

"The French student housing market is accelerating"

Business Immo: You joined Savills last October as co-director of the Residential Capital Markets department after having previously been at CBRE in the same (...)

Territories

Monaco's residential market has "weathered the storm" — Savills

€47,000. The average price per square meter in Monaco, still and ever “the most expensive location to purchase residential property worldwide,” says the 2021 (...)

Housing

What are the trends for luxury housing in the world capitals in 2021? —Savills

Property prices in the 30 cities that make up the Savills World Cities Prime Residential Index are expected to rise by an average of (...)

Finance

Travel bans hamper cross-border transactions across Europe in 2020 - Savills

As total European investment reached €245bn in 2020, down 24% on the five-year average, European cross-border investment reached €107bn in 2020, down 32% against (...)

Office

Sodify acquires London's 2-14 Bunhill Row

The management company Sofidy has just acquired a new 7,231 sqm office asset located at 2-14 Bunhill Row, in London, on behalf of investors in (...)

Finance

European investment volumes fall 33% below the 5-year average in Q3 – Savills

As the second wave of the Covid-19 pandemic continues to dominate the economic headlines, European commercial and residential investment volumes reached €44.5bn during Q3 (...)

Logistics

European logistics continue to attract capital - RCA

Amid the numerous uncertainties caused by the Covid-19 crisis, the European logistics sector continues to attract a high level of capital, the latest data (...)

Logistics

The health crisis should boost demand for logistics space - Savills

E-commerce has played an essential role in the lives of many Europeans since the lockdown and has reached an unprecedented proportion of total retail (...)

Retail

Turnover leases and omnichannel strategy set to dominate the retail sector - Savills

A new report from Savills indicates that turnover leases and an integrated omnichannel strategy will lead the way as the European retail sector returns (...)

Logistics

Covid-19 impact to speed up European online retail sales by one year - Savills

Prior to Covid-19, the Western European average online retail sales penetration was forecast to reach 15.3% by 2022. However, the Centre for Retail Research’s (...)

Finance

The European senior housing sector not overly affected by the pandemic- Savills

The Covid-19 pandemic has had a limited impact on the senior housing industry and investors have retained a strong appetite for the sector, a (...)

Logistics

As appetite for logistics grows, industrial and retail yields are converging - Savills

Industrial may have been historically the highest yielding sector of the three established commercial real estate sectors, but because investor demand for logistics has (...)

Housing

European multifamily investment activity is expected to remain strong in 2Q20 - Savills

Multifamily investment activity in the first quarter of 2020 approached €11.6bn in the 12 European markets monitored by Savills, the firm says in a (...)

Finance

With lockdowns easing, investments should resume in 2H20 - Savills

As the world is starting to get out of lockdown and a majority of countries are loosening restrictions, occupier demand has been the first (...)

Hospitality

Serviced apartments better positioned to weather the storm – Savills

Even though serviced apartments have not been immune to the Covid-19 crisis, the asset class has displayed a degree of relative outformance, a recent (...)

Office

Expo Real transforms into a two-day "Hybrid Summit"

In response to the special circumstances arising from the Covid-19 pandemic, Expo Real is transforming to offer both physical and virtual meeting places under (...)

Retail

Retail sale and leaseback transactions expected to pick up post Covid-19 - Savills

Retail sale and leaseback (SLB) transactions are expected to pick up again after the Covid-19 pandemic has passed, according to Savills latest Market in (...)

Office

Confidence boost in the flex office sector - Savills

In its second sentiment survey of flexible office providers from across the world, Workthere, Savills flexible office specialist, found that 42% of respondents are now (...)

Finance

Global market sentiment shows encouraging signs - Savills

Savills’ most recent Global Market Sentiment Survey, an internal survey of the firm’s research heads across 31 global country markets, indicates 19% reported a (...)

Finance

Global transaction volumes falling, but occupier terms favourable – Savills

In less than a month, the property market disruption caused by the Covid-19 pandemic has reached almost every corner of the globe. With occupiers (...)

Finance

Savills withdraws proposed dividends to preserve cash reserves

In view of the current uncertainty over the impact of Covid-19 on global real estate market activity in the coming months, global real estate (...)

Finance

Korean investments in Europe jump 120% in 2019, France the leading beneficiary - Savills

South Korean investments in Europe increased by 120% in 2019 to reach €12.5bn (compared to €5.6bn in 2018), according to recent Savills data. France (...)

Office

Euro office take-up falls 4% as space shortage pushes new demand to fringe

European office take-up will reach 9.2m sqm by the end of 2019, down by a marginal 4%yy as a shortage of available space pushes (...)

Retail

Outlets: is the enduring retail asset coming out of its niche?

“In the current wider retail malaise context, outlet centres investment activity has been relatively strong over the course of the past five years, and (...)

Logistics

Neptune portfolio of Amazon logistics assets said sold to Korean group for €400m

The Neptune portfolio of Amazon-leased logistics properties in Barcelona, Paris and Bristol, has been bought by a Korean-led consortium for around €400m, BIE sources (...)

Finance

Korean investors said spending record €6.2bn on European property in IH19

South Korean investors spent a record €6.2bn on European property in first half 2019, 10% of all cross-border deals, and are starting to look (...)

Office

Paris's Lumière office complex said bought by Primonial, Korea's Samsung for €1.2bn

Likely to be France's deal of the year, Paris's largest office complex, Lumière, has been acquired by fund manager Primonial and Korea's Samsung SRA for (...)

Housing

Sweden's Heimstaden extends NL housing with €97m buy from Germany's Patrizia

Sweden's listed Heimstaden continued its aggressive accumulation of housing assets, adding 18 Netherlands properties from Germany's Patrizia for €97.4m. The announcement comes almost simultaneously withHeimstaden's acquisition of residential property in (...)

Office

Half Europe's 2yr 10m sqm office pipeline is pre-let as vacancies sink - Savills

Almost half of the 10m sqm European office pipeline for 2019 and 2020 is already pre-let, says adviser Savills. First quarter vacancies are down (...)

Office

US Harbert's Project Bishop Dutch office portfolio purchase said at €80m

At a price said to be just under €80m, US-based Harbert Management has acquired a Dutch portfolio of office assets known as Project Bishop (...)

Finance

Yield spreads, low rates to keep European real estate attractive to investors - Savills

Yield spreads around Europe will remain attractive in European real estate, and with interest rates expected to stay low, investment capital will continue to (...)

Finance

European investors are going to beds

"Demographic change, rising house prices and supply shortages have established residential alternatives as desirable investments with positive rental growth prospects," says Savills in its (...)

Housing

Nuveen, Value One in €600m European student housing JV

Nuveen Real Estate and developer Value One have agreed a €600m joint venture investing in pan-European student accommodation, seeding the vehicle with three assets. The (...)

Office

Europe’s second cities set for growth in flexible office space - Savills

Europe’s smaller capital cities are set for higher growth in flexible office space in the next few years as the serviced-office market matures in (...)

Office

European office rents to rise by 3.4% as jobs climb, stock stays low - Savills

European office rents should rise by 3.4% on average this year, fuelled by a continued climb in employment and a lack of prime stock (...)

Retail

Savills, seeing retail merging with logistics, launches Omnichannel Retail team

Savills is expanding its client offering to include a dedicated Omnichannel Retail team combining retail and logistics expertise, expecting the segments to merge together (...)

Logistics

Nordics to benefit from data explosion, centre investment demand - Savills

The Nordic region, especially Norway, will benefit from the explosion of data in the next few years and accompanying huge data centre investment, says (...)

Finance

CEE inflows rise to €12bn in 2017; yield compression to continue - Savills

Eastern Europe last year attracted almost €12bn in real estate investment, up 7% from 2016 as economic growth stayed robust, says global adviser Savills. It (...)