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.
With the Bank of England expected to increase Bank base rate later today, Savills has issued new five-year house price forecasts, predicting that the average UK house price will fall by 10% in 2023 when interest rates peak. However, the firm added that the prime markets will see smaller falls and ou
Construction is commencing on a new neighbourhood in St Andrews where 30% of homes will be affordable. Savills Development completed on the sale of the 17 hectare site to David Wilson homes, just 1.5 miles to the south east of the historic town centre.
Savills has sold a prominent Glasgow city centre hotel on behalf of Azets acting as joint administrators of Bracknell Property LLP to the Address Collective from a guide price of £4.5 million. The former Pocotel is prominently positioned on a corner site at 139-141 West George Street and compr
A buyer is being sought for former New Aberdeen Savings Bank headquarters, a Category B Listed property, at 17-19 Union Terrace in Aberdeen. Savills, acting jointly with FG Burnett, has been tasked with the launch.
A historic Fife castle been put on the market for £3.5 million just outside Auchtermuchty. Myres Castle, a B-listed property which dates back to the 16th century, is being sold by Savills. It boasts ten ensuite bedrooms, five reception rooms, 45 acres of grounds protected by a high stone wall,
Savills plc has reported a pre-tax profit of £50.4 million and revenue of just over £1 billion in its interim results. Pre-tax profit has dropped 20% from £63.3m to £50.4m (first six months ending 30 June). Revenue has grown by 11% to £1,037.4m from £932.6m f
Scotland’s prime house market is continuing to see record levels of demand, including for million pound properties, as well as higher price growth than anywhere else in the UK. However, there are signs that the market is beginning to steady due to economic headwinds, according to Savills lates