News

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News

Commercial Investment

UK commercial property yields hold steady

"UK commercial property prime yields remained stable in June 2019, according to international real estate advisor Savills, despite wider macro-economic headwinds in the market, with the all-property average prime yield currently at 4.87%, only a slight change on the 4.83% seen at the end of April. "

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News

Retail

Savills research into CVAs finds one third of stores switch to monthly rents

"As the retail industry faces a well-documented rise in the number of operators undertaking company voluntary arrangements (CVAs), research from Savills gathered since January 2018 shows that almost a third of all units that enter into a CVA have switched to monthly rents, rather than seek rent reductions or planned closures."

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News

Retail

Belstaff opens on Ingram Street, Glasgow

"Belstaff, the iconic British outerwear designer, has opened its doors to the public in Glasgow today, Friday 12th July, following the signing of a new 10-year lease at £105,000 per annum for Unit Two 197-207 Ingram Street. Savills advised the landlord, UK Estates Ltd."

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News

Affordable Housing

Savills helps Equity Housing Group strike £55m deal

"Equity Housing Group has worked with Savills Financial Consultants to agree a £55 million refinancing package, that will help the Stockport-based housing provider build more than 800 homes over the next five years."

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News

Commercial Investment

Uptick in City deals as we enter second half of the year

"As a quiet H1 draws to an end, a healthy uptick in activity has already been noted as we enter into the second half of the year. Over £400m exchanged in the first week of July in the City, surpassing the £318m exchanged in the whole of June, according to research by Savills."

News

Business Space

Diverse range of occupiers drive the UK warehouse market as take-up continues to reach record levels

"According to Savills latest Big Shed Briefing, take up of industrial & logistics space (units over 100,000 sq ft) hit 16.07 million sq ft (1.492 million sq m) in H1 2019, 28% up on the long term average for the first half of the year. Evidence of a more diverse occupier landscape has continued to dispel the Brexit myth of a perceived lack of activity due to uncertainty."

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