December 2016


Savills Vietnam appointed Head of property management in Hanoi

Savills Vietnam appointed Head of property management in Hanoi

26 December 2016

From December 2016, Savills Vietnam announced Ms Vu Kieu Hanh’s promotion as the Head of Property Management in Hanoi covering Northern and Central Vietnam. 

 
 
[Herald Interview] ‘Investors will turn to logistics property for higher profits in 2017’

[Herald Interview] ‘Investors will turn to logistics property for higher profits in 2017’

25 December 2016

The office market in Seoul saw a boom this year with foreign investment behemoths buying up two landmark office buildings in Seoul -- the International Financial Center in Yeouido and Capital Tower in Gangnam. But in 2017, expected interest rate hikes and more fierce competition will drive foreign investors to look for riskier, but possibly more profitable, real estate assets such as logistics centers rather than offices, the head of Savills Korea said.

 
 
 
Office space available at former Attica VIP nightclub in Peterborough

Office space available at former Attica VIP nightclub in Peterborough

21 December 2016

Savills, on behalf of Milton (Peterborough) Estates Co, has brought to market an office suite at 26-28 Broadway in Peterborough.

 
 
Potential of Dixon Carphone's HQ rings true with £85m sale

Potential of Dixon Carphone's HQ rings true with £85m sale

21 December 2016

On behalf of Crosstree Real Estate Partners, Savills has sold Dixons Carphone’s headquarters office at 1 Portal Way in Acton, London W3 to Imperial College. The off-market sale completed for £83.5 million, representing a net initial yield of 4.68% assuming full costs.

 
 
Savills advises Echo Polska Properties in the acquisition of Zakopianka

Savills advises Echo Polska Properties in the acquisition of Zakopianka

20 December 2016

Savills has advised Echo Polska Properties in the acquisition of Zakopianka Shopping Centre in Cracow for EUR 54 million. The vendor is European Property Investors Special Opportunities 3 (EPISO3), fund advised by real estate investment manager Tristan Capital Partners.

 
 
New owners for Grade II listed Bulstrode

New owners for Grade II listed Bulstrode

20 December 2016

Savills, on behalf of WEC International, has sold the Bulstrode Estate in Buckinghamshire to a private buyer from a guide price of £13 million.

 
 
Harry Wentworth-Stanley's 3,000 mile Atlantic challenge

Harry Wentworth-Stanley's 3,000 mile Atlantic challenge

20 December 2016

Harry Wentworth-Stanley, from the London Development Land Team has departed for a 3 month-long expedition of a lifetime.

 
 
Starbucks fetches £7m on Kensington High Street, W8

Starbucks fetches £7m on Kensington High Street, W8

20 December 2016

International real estate advisor Savills, on behalf of a private vendor, has sold the freehold of 197 Kensington High Street, London W8 to a South African private investor for £7 million, reflecting a net initial yield of 3.3%.

 
 
Birmingham offices: City centre rental growth & spec dev could be mirrored out of town in 2017 - Savills

Birmingham offices: City centre rental growth & spec dev could be mirrored out of town in 2017 - Savills

20 December 2016

Office take up in Birmingham city centre is on track to reach circa 800,000 sq ft (74,320 sq m) by the end of 2016, according to Savills, with top Grade A office rents back up to pre-recession levels at £32.50 per sq ft (£350 per sq m) compared to £30 per sq ft (£323 per sq m) in 2015.  Full year take up is therefore set to be well ahead of the five year average of 699,000 sq ft (64,937 sq m), although lower than the 996,000 sq ft (95,528 sq m) total of 2015.

 
 

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