Savills UK National Investment

Manchester’s office investment market is set to stage a comeback in 2025: http://savi.li/6045q9Eoc In line with the wider UK office investment market, Manchester saw low activity recorded across the last 12 months as a result of the wider macro-economic headwinds, with transactional volumes for 2024 standing 55% below the 10 year average. In Q4 2024, however, there were definitely signs of returning investor confidence with an uptick in demand and offers. Read the full blog post for more information. Oliver Foster | #CommercialInvestment

'We’re at a cyclical low compared to the last ten years.’ James Emans, Joint Head of UK Investment and Nick Penny, Head of Scotland, explore what is driving investment activity to commercial real estate. Learn more about Savills property investment: http://savi.li/6046qwqYa

𝐖𝐢𝐜𝐤𝐞𝐬 𝐢𝐧 📍 𝐂𝐡𝐞𝐬𝐭𝐞𝐫, 𝐚 𝐩𝐫𝐢𝐦𝐞 𝐃𝐈𝐘 𝐫𝐞𝐭𝐚𝐢𝐥 𝐰𝐚𝐫𝐞𝐡𝐨𝐮𝐬𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲. Savills launches this great opportunity, strategically located in the historic and affluent city of Chester - which attracts millions of visitors annually. Highlights include: 👥 Chester has a population of 380,583 within a 20-minute drive time and the town’s population is predicted to increase by 8% over the next 10 years. 🟨 Wickes have occupied the unit since 1995 and the property comprises a 26,059 sq ft (2,421 sq m). 🏢 The property is let in its entirety to Wickes Building Supplies Limited providing 7.95 years unexpired, the lease is subject to 5 yearly open market rent reviews. 🤝 The current passing rent is £400,000 per annum, providing an affordable rent of £15.35 per sq ft. 🚗 The property provides 91 customer car parking spaces equating to a ratio of 1:286 sq ft. 🟨 The site area is 1.52 acres and is held Freehold. We are instructed to seek offers in excess of £5,760,000 (Five Million, Seven Hundred and Sixty Thousand Pounds) exclusive of VAT. This reflects a net initial yield of 6.50%, assuming purchaser’s costs at 6.78%. For further information, please contact: George Trimmer, Georgina Ward, Genevieve Robinson or Freddie Guest

We are delighted to bring to market this rare opportunity to acquire one of the most prominent buildings on Buchanan Street - Glasgow's prime retailing thoroughfare. Highlights include: 🟨 Buchanan Street currently has less than a 2% vacancy rate. 🟨 Surrounded by a number of global retail brands. 🟨 The ground, basement and first floors let to HSBC until 27 June 2035. 🟨 Upper floors split into 8 residential apartments all let on Private Residential Tenancies. 🟨 Total rent roll of £704,071 per annum. 🟨 Heritable Interest (Scottish Equivalent of English Freehold). For more information, please contact Alister Gibson or Stuart AJ Moncur.

We're pleased to bring this high yielding office investment to the market in the affluent town of Penarth, South Wales. Highlights include: 🟨 Penarth in the Vale of Glamorgan is approximately 3.5 miles to the south west of Cardiff City Centre adjoining the southern shore of Cardiff Bay 🟨 Prominent fully refurbished Victorian Church Hall building in the heart of the Victorian town of Penarth that offers high quality office space 🟨 Situated in the heart of Penarth Town centre and close to Penarth Train Station 🟨 Multi Let to local office occupiers 🟨 Freehold 🟨 Fully refurbished 🟨 Passing rent of £211,622.44 per annum Please contact Ross Griffin for more information.

We are delighted to have advised ALMCOR, through their European Industrial Services Facilities (EISF) joint venture, on the acquisition of Childerditch Industrial Park, Brentwood from Brentwood Borough Council. The acquisition is one of the largest Industrial Outdoor Storage (IOS) assets to have traded in the UK market. Totalling more than 45 acres, the property is a thriving employment site in close proximity to Junction 29 of the M25. EISF owns and manages more than 200 acres of IOS, reinforcing its position as a leading IOS specialist in the UK and Europe. Many thanks to ALMCOR and the wider EISF team, to Joiner Cummings, who advised the Vendor. Christopher Brogan

Savills is delighted to be marketing Aberdeen Investments’ freehold interest in 24-28 Bloomsbury Way; a prominent, well-configured, West End headquarters building. The opportunity offers Elizabeth Line proximity, medium-term income secured against WPP Plc and an unusually-extreme level of reversion, with an ERV (pre-growth) over 60% higher than the current rent, or 95% higher assuming implementation of feasible asset management initiatives. For further information or to arrange an inspection, please contact either: James Purdon (jpurdon@savills.com) William Post (william.post@savills.com) Luke Perkins (luke.perkins@savills.com) #CentralLondonInvestment #WestEndOfficeInvestment

What do we expect to be top of mind for clients and investors at #MIPIM2025? Joint Heads of UK investment, Nick Penny and James Emans, share their thoughts ahead of next week’s event. The world’s leading real estate event influences and accelerates the transformation of the built environment through discussion, workshops and panels that offer inspiration and opportunities to exchange experiences and drive business growth. Visit the Savills stand in the Palais des Festivals in Riviera 7, Stand R7. E74, or meet our team: http://savi.li/6040qGhXg MIPIM

Savills appoints Oliver Forster as Head of Birmingham Investment: http://savi.li/6042q1Fwa Oliver will focus on the Midlands investment market and brings a wealth of experience, Over his 20-year career, Oliver has represented and advised UK institutions, private equity firms, property companies, and occupiers across sales, acquisitions and sale and leasebacks. “The Midlands investment market is thriving, and I look forward to leveraging my experience to drive growth and success for clients. Joining the Savills team presents a great opportunity to contribute to the firm’s continued excellence in the region.” Notes Oliver. Richard Merryweather, Chair of UK Investment at Savills, says, “Oliver’s arrival marks a key milestone for our business, highlighting Birmingham’s vital role in our investment strategy. With extensive experience, Oliver brings a strong track record of success, particularly in challenging market conditions. This appointment coincides with a strong start to the year. We are seeing increasing conviction from buyers as robust rental growth projections are evidenced and stock levels are starting to increase, driven by greater proactivity from sellers.”

Pricing remains stable with sentiment improving across the regional office investment market - http://savi.li/6048U7qGn Read the latest Market in Minutes to discover why: 🟨 There are a lack of repeat buyers active in the market with the buyer pool becoming more diverse 🟨 The corporate occupier preference for best in class office space has supported rental growth despite weak levels of economic growth 🟨 Office investment volumes Total turnover recorded in 2024 was £2.9 billion which was 10% above 2023 but 49% below the five-year average Click the link to read more James Emans | Simon Preece