Savills

Glasgow’s city centre St Vincent Street has reached full occupancy after a 25% vacancy rate shrank to 0% in two years, Savills reports. The international real estate advisor says the arrival of new occupiers — with Trailfinders as the latest — is transforming the streetsc

The Scottish market has so far proved to be ‘resilient’ this year in the light of settling mortgage rates, according to Savills. Speaking ahead of his presentation to a 400-strong real estate audience at the Scottish Property Outlook Conference in Edinburgh today, Faisal Choudhry, Savill

In its preliminary results for the year ended 31 December 2022, Savills has posted revenues of £2.3 billion, a 7% year-on-year rise, and a 16% drop in pre-tax profits to £153.9m. Net cash at the group also decreased to £307.4m, down from £340.7m in 2021.

Barrhead Retail Park, developed by London & Scottish Property Investment Management Ltd (LSPIM), is soon to open in Spring 2023.

A two tier commercial market has emerged in Aberdeen, where "rents and terms are holding up for ‘best in class’ buildings, but functionally or locationally obsolete buildings are struggling" according to Savills. The comments reflect activity in the last year with Savills recording

Scotland’s top-end market witnessed an extraordinary period in 2022, with a record 491 residential transactions at £1 million and above, according to Savills' latest research. This included the highest price ever paid for a residential property in Scotland, Seton Castle in East Lothian,

Savills has forecast that investment in commercial property in Scotland this year will surpass the £2.39 billion that traded last year in a reversal of 2022’s strong start and weak finish. In its latest UK Commercial Market in Minutes the firm suggests low transaction volumes will remain

Savills has appointed Alistair Wright as investment director in its Edinburgh office in a move to expand its UK investment division. Mr Wright joins from CBRE where he has spent 15 years operating in the UK commercial investment market, advising both purchasers and vendors on transactions, and devel

The number of office lettings to complete in Glasgow in the first three quarters of 2022 reached 84, according to the latest research from Savills.

Andrew Perratt, former head of Savills residential in Scotland, will become head of residential for Savills UK, effective from January 2023. This follows his four-year tenure as Savills head of country residential, a role which saw him navigate the company’s regional network of offices outside

Savills has recently expanded its Savills Earth team with the appointment of Chris Phillips, who joins as an associate in energy based in the Perth office. He has over 11 years of experience in pre-planning utilities statements and engagement with utility networks to deliver electricity, gas, water

While the finalised version of the National Planning Framework 4 (NPF4) has environmental considerations at its heart, Alastair Wood asks whether it will have the ability to deliver on the Scottish Government’s 2045 net zero ambitions and whether planning will still be able to support the

Clothing brand Abercrombie & Fitch has leased a space in Edinburgh as it plans to open its first Scotland store.  Savills, on behalf of Patrizia, has let the 65 George Street location in Edinburgh to AFH Stores UK Ltd.

Chad Griffin and Tom MacLennan, joint administrators and partners with FRP Advisory, have instructed Savills to bring the well-known Category B Listed Edinburgh Filmhouse building to the market. The Edinburgh International Film Festival, the Filmhouse and Aberdeen’s Belmont cinema were closed

Savills has sold The Dunstane Houses, a luxury 5-star boutique hotel in Edinburgh, on behalf of a private owner operator to Roseate Hotels for an undisclosed price. The property was marketed at a guide price of £7.5 million.