Savills

Savills, on behalf of a private client, has completed the sale of the long leasehold of Mercure Perth Hotel in Perth, Scotland, to S Hotels and Resorts plc, owner of Jupiter Hotels, off a guide price of £2.25 million. The property has an unexpired long leasehold term of 46 years. The Mercure P

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

Office take-up in the first half of the year across the three largest Scottish cities saw Aberdeen outstrip activity in Edinburgh and Glasgow, according to the latest research from Savills.

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

A luxurious St Andrews property worth £3 million has been listed for sale just in time for the start of the Golf Open, which makes a return to the Old Course for its 150th anniversary.

Savills has been instructed to bring Livingston’s Almondvale West Retail Park to the market at a guide price in excess of £19.125 million, reflecting a net initial yield of 7.75%.

Savills is marketing Dalhebity House, a mansion house created by Stewart Milne and his partner Joanna Robertson, for offers of over £7.5 million.

Glasgow is at a tipping point as a lack of new office developments in the city centre could see ‘refurbishment’ rents outstrip rents on new-build in 2023 for first time in six years, to reach £36 per sq ft, according to Savills. With less than a year’s supply of new office ac

Office take-up in Aberdeen in the first quarter of 2022 has already exceeded the total annual take-up for last year, with 195,905 sq ft of office deals completed in the first three months of the year, according to the latest research from Savills. By comparison, Savills says, the average Q1 tak

Savills has announced that Graeme Fraser will take on the role of head of valuation in Scotland, working closely with Craig Timney in his new role as head of UK valuation operations. Mr Fraser has over 25 years’ experience providing valuation and consultancy advice specialising primarily in lo

Real estate firm Savills has urged that it is time for the real estate sector to take its environmental and social impact seriously and get its house in order. The firm has said that the sectror faces challenges, but has the potential to provide many solutions.

The post-pandemic hunt for ‘best in class’ offices will unlock refurbishment opportunities of Grade B/ C stock in key UK cities in 2022, with associated rents setting new highs when complete, according to new research from Savills. In order to satisfy demand, and against a backdrop of li

Real estate advisor Savills has seen its profits before tax double in 2021 from £96.6 million to over £200m. Group revenue increased by 23% to £2.15 billion, compared to £1.74bn in 2020.

The unceasing demand for Scottish development land has driven strong growth in land values and high levels of investor activity over the last quarter according to a new report from real estate advisor, Savills. Indeed, growth in Scotland greenfield values reached 9.3%, the highest level of all UK re

Savills, on behalf of private clients, has launched to market an award-winning visitor attraction, Cruise Loch Ness in Fort Augustus, with offers invited for a 100% shareholding in Cruise Loch Ness Limited.