Savills Investment Management has acquired a light industrial park in Essen for its European Urban Logistics & Industrial Fund (EULIF). The seller is a joint venture of the Adolf Weber Real Estate and Project Development Company, which realised the inner-city business park in the last two years. Savills IM’s group logistics AuM now totals €6…
Savills
Savills Investment Management has appointed Kevin Aitchison to the new role of Managing Director – Equity Investments UK & Europe. Aitchison will join Savills IM at the end of 2023, and report to Alex Jeffrey, Chief Executive. He joins from Knight Frank Investment Management (KFIM), where he has held the position of Chief Executive for over…
Savills Investment Management has appointed Apwinder Foster to the new role of Global Head of Strategy and Client Capital. In this new role, Apwinder will play a key role in driving a globally coordinated approach to Savills IM’s client-facing activities as well as product strategy. She will take up the newly created role with immediate…
Savills Investment Management has acquired two new Aldi supermarkets in Spain for its European Food Retail Strategy fund. The fund now has capital commitments from German institutional investors of around €370 million, raised since 2020. The first supermarket in Alzira, Valencia was acquired from developer Ten Brinke at the end of June and comprises around…
Savills Investment Management has completed the sale of DSV Venlo, a core logistics asset in the main logistics hub in The Netherlands on behalf of Vestas Investment Management for a sale price of €105 million. The disposal was an element of a five-year business plan targeting significant capital gains, following the construction and acquisition of…
Savills Investment Management has completed the acquisition of two newly built residential properties in Valencia for its European Living Platform for a total purchase price of around €66 million. The seller of the properties, Neinor Homes, is a leading Spanish developer of residential assets for Build to Suit (BTS) and Build to Rent (BTR) with…
Savills Investment Management has completed the acquisition of two forward-funded single family residential sites in the Midlands, both developed by Urban & Civic, for a total of approximately £50 million. Both were off-market transactions. These are the first acquisitions in Savills IM’s Build-to-Rent (BTR) portfolio, following the acquisition of Pitmore, the UK Development and BTR…
Savills Investment Management (Savills IM) has acquired a supermarket portfolio comprising four strategically located properties in Portugal for its European food retail strategy. The purchase price was around €39 million, increasing the total equity which has been committed to supporting the strategy to €470 million – with other property investments in the Netherlands, Ireland, Denmark,…
Savills Investment Management (Savills IM) has entered into an agreement to acquire six fully let residential assets in Sweden for c. €100 million for its European Living platform. The seller of the assets was the Swedish listed developer and property company K2A Knaust & Andersson Fastigheter AB, and the deal was sourced off market. The…
Savills Investment Management (Savills IM) has acquired the Rapid Logistics distribution centre in the Schiphol Trade Park at Hoofddorp in Amsterdam’s Metropolitan Area in an off-market transaction on behalf of a German pension fund. Development of the distribution centre, which is situated in the logistics zone of the Trade Park – a little over 7km…
Savills plc today announces its preliminary results for the year ended 31 December 2022. Key financial highlights Group revenue up 7% to £2.3bn (2021: £2.15bn) Underlying* profit before tax decreased 18% to £164.6m (2021: £200.3m) Reported profit before tax decreased 16% to £153.9m (2021: £183.1m) Underlying basic EPS down 19% to 94.9p (2021: 116.5p); reported basic…
Onni Group’s Wilshire Courtyard office campus in Los Angeles has signed a multi-floor lease totaling 225,239 square feet with Sony Pictures Entertainment (Sony Pictures). Wilshire Courtyard is a two-building Class A campus situated in the heart of Miracle Mile, the cultural epicenter of Los Angeles, and home to the Los Angeles County Museum of Art…
Savills Investment Management (Savills IM) transacted more than €3.6 billion globally in private real estate equity transactions in 2022 including c. €3.1 billion in Europe and c. €540 million in Asia. Savills IM completed those 112 transactions across 14 countries in 2022, including around €2.1 billion of acquisitions and €1.5 billion of disposals, resulting in…
Savills Investment Management has appointed Evert Castelein as Senior Fund Manager with responsibility for its investment strategy in the European logistics and industrial sectors. Castelein assumes responsibility for leading and growing new pooled investment vehicles geared at exploiting the continuing rental growth pressure in undersupplied urban markets, but at repriced levels. The introduction of flexible…
Savills Investment Management (Savills IM) has acquired a logistics building in Stockholm on behalf of its flagship European logistics fund. The asset has a prime last mile location in Jordbro 25 km south of central Stockholm, Sweden and the seller is Revelop. Following this addition, the fund portfolio comprises 18 assets in six countries with…
Savills Investment Management (Savills IM) has acquired two properties in Lyon, France, and Milan, Italy, for a total of approximately €110 million for the investment mandate of a southern German pension fund. The purchase in Milan is an off-market transaction. These are the first purchases in France and Italy for the portfolio, which has been…
Savills Investment Management (Savills IM), the international real estate investment manager, has agreed to acquire HQ South, an A-grade office building in Fortitude Valley, Brisbane from M&G, for its flagship pooled pan-Asian strategy fund. The asset comprises a modern 14,588 sqm building in the thriving near-city Fortitude Valley precinct, with 1,503sqm in food and beverage…
Savills Investment Management (Savills IM) has completed investments in the office and residential sectors in Japan, as well as its acquisition of a local neighbourhood shopping centre in Australia for its flagship pan-Asian fund. In Japan, Savills IM has acquired a high-quality office in Greater Tokyo. The multi-tenant building totals approximately 5,500 sqm of rentable…
International real estate investment manager Savills Investment Management (Savills IM) has acquired three logistics properties in France for a total €72 million on behalf of its European Logistics Fund 3 (ELF 3). The ELF 3 portfolio now comprises 15 properties in five countries. In Dijon, an inner-city cross dock facility to serve the last mile…
European investment fund manager and real estate debt business DRC Savills Investment Management has appointed Steve Willingham as Head of Asia. Based in Hong Kong, Willingham will report to Dale Lattanzio, managing partner of DRC Savills IM when he officially joins the firm in November. The appointment underlines the investmentr management firm’s commitment to strengthening…
Savills Investment Management (“Savills IM”), the international real estate investment manager, has acquired Pitmore, the UK Development and build-to-rent (BTR) specialist, as a key part of plans to grow its UK residential and BTR platform. As one of the UK’s most experienced residential advisors, being involved in the sector since 2012, the senior partners of…
Cushman & Wakefield has welcomed several brokers from Savills to its Tenant Rep team in Silicon Valley in June. The new appointees bring extensive knowledge of the technology, life science and biotech, healthcare, finance and gaming sectors to their new roles – with companies they have served collectively including Alibaba, Boston Scientific, Softbank, Cohesity, Twilio,…
Savills Investment Management (Savills IM), the international real estate investment manager, has acquired a distribution centre in Rosersberg near Stockholm, Sweden in an off-market transaction on behalf of its flagship European logistics fund, for an undisclosed purchase price. The fund’s portfolio comprises a total of 28 logistics assets in six European countries, and is now…
Savills Investment Management has completed the acquisition of five industrial warehouse buildings at Treatt Buildings, Northern Way Industrial Estate, Bury St Edmunds for £5.25 million (£833k per acre). The Northern Way Industrial Estate is located in an established industrial area of Bury St Edmunds and benefits from easy access to the A14, possessing a mix…
Savills Investment Management (Savills IM) has promoted three senior members of its Polish team to new positions following a period of steady growth across tits business in East-Central Europe. Piotr Trzcinski, who joined the company’s Polish subsidiary when it opened for business in the country and previously served as the Head of Investment, will take…
Funds advised by European investment fund advisor, DRC Savills Investment Management LLP (DRC SIM), financed a portfolio of 21 supermarket assets owned by Blackbrook Capital (Blackbrook). Blackbrook were advised by the EMEA Cushman & Wakefield Debt and Structured Finance (C&W) team on the financing. The portfolio is subject to long-term triple net leases to Eroski,…
Savills Investment Management has hired Jan Willem Vis as Head of Client Capital, Netherlands. Based in Amsterdam, Vis will report to Giuseppe Oriani, Co-Head, Client Capital (EMEA) and work alongside Edgar Hertog and Marcel Fleminks – Co-Heads of Savills IM’s Netherlands operations, in a role that will develop client relations in the region. With over…
Savills Investment Management (Savills IM) has hired Adam Alari as Head of European Living Research. Based in London, he will report to Andrew Allen, Global Head of Research, Product Strategy and Development. Adam’s appointment underlines Savills IM’s commitment to expanding its expertise and product offering in the Living space. His experience across the commercial living…
Savills Investment Management (Savills IM) transacted more than EUR 3.4 billion globally in 2021, with Europe accounting for around EUR 2.6 billion and Asia EUR 670 million of the total figure. Globally, transactions included around EUR 2.1 billion of acquisitions and around EUR 1.2 billion of disposals, resulting in a net investment of approximately EUR…
Savills Investment Management (Savills IM) has sold a logistics portfolio consisting of four assets in Kolding and Greve near Copenhagen, Denmark, on behalf of its Nordic Logistics Fund. Macquarie Asset Management acquired the portfolio on behalf of its European logistics real estate fund. The purchase price was not disclosed. The assets have a total lettable…
Institutional investment manager ABG Capital has agreed the acquisition of The VTG Center, a prominent multi-tenant office complex in Hamburg-Mitte, Hamburg from Savills Investment Management (Savills IM). One of 11 property holdings in the Savills IM Real Invest 1 fund – a closed real property institutional investment fund launched by Savills IM and three…
10.11.2021, 11:20 Savills IM Announces Senior Asia Pacific Appointment Savills Investment Management (Savills IM) has appointed Nicholas Kinsey to the new role of Head of Logistics, Asia Pacific (APAC). Stationed in Bangkok, Kinsey will assume responsibility for developing the real estate investment company’s logistics capabilities in the logistics sector across the Asia Pacific region.…
05.10.2021, 17:45 Cushman & Wakefield Poaches Senior Savills Tenant Reps Cushman & Wakefield has added veteran occupier services specialists Matt Hart as Vice Chairman and Alex Phillips as Executive Managing Director of its San Francisco office. Hart and Phillips were previously with Savills, where Hart was consistently recognized as a ‘Top Producer’ in the Bay…
30.09.2021, 14:44 Savills IM Fund to Acquire Leipzig Office Building Savills Investment Management (Savills IM) has signed a purchase agreement for an office building currently under construction in Leipzig for its club deal special fund, “Savills IM Real Invest 1”. The developer and seller is Helaba Real Estate Group business, OFB Projektentwicklung GmbH, which specialises…
24.08.2021, 11:31 European Logistics Fund 3 Acquires Amsterdam Distribution Centre Savills Investment Management (Savills IM) has acquired a newly completed distribution centre near Amsterdam, the Netherlands from VDG Real Estate for EUR 46.9 million on behalf of its European Logistics Fund 3. ELF 3 is an open special alternative investment fund targeted at international…
18.08.2021, 08:45 Acquisition of Danish New-build Distribution Centres Savills Investment Management has acquired a newly built distribution centre and a distribution centre that is currently under construction in Horsens, Denmark, for its European Logistics Fund 3 (ELF 3). The vendor and tenant in the sale-and-lease-back transaction is logistics service provider DKI Logistics A/S. The…
11.08.2021, 14:05 Savills IM Acquires Warehouses from UBS Savills Investment Management has acquired two warehouses within the Leganés Logistics Park on the outskirts of Madrid from UBS Asset Management for EUR 51.56 million. The logsistics facilities are the latest addition to Savills IM’s portfolio on the Iberian peninsula, which includes assets under management (AuM)…
20.07.2021, 10:40 Supporting the New Way of Working With Covid-19 lockdown restrictions lifting in many European countries, Savills venture Workthere is showcasing inspirational flexible office space that satisifes our new expectations of work. As workplaces begin to reopen, many of us are looking forward to getting back into the office to see co-workers and be…
30.06.2021, 10:38 Savills IM Adds Assets to Japan Residential Fund Savills Investment Management has acquired or committed to acquire a further JPY 24 billion (US $218 million) of residential real estate for inclusion in its Japan Residential Fund II (JRFII). Twenty-four of the 27 new assets are in Greater Tokyo and will form part…
28.06.2021, 11:20 Contract Awarded for Cambridgeshire Net Zero Ready Industrial Development Savills Investment Management (Savills IM) has awarded the construction contract for a new net zero carbon ready industrial development on the outskirts of Cambridge to be marketed as “Bourn Quarter”. The contract award to Readie Construction follows a successful application for planning permission…
23.04.2021, 18:45 Where’s the Flexibility in Warehousing? Matt Whittaker, commercial director at Bis Henderson Space, explains how a shortage of storage space might derail forecasts from UK economists of a dramatic recovery from the Covid-19 pandemic. The government’s recent White Paper on planning omits a single reference to the land and space needs of supply…
19.03.2021, 13:22 Flex Space and London’s ‘Doughnut’ Boroughs Cal Lee, global head of Savills venture Workthere, comments on predictions from UK Chancellor Rishi Sunak of a rise in hybrid and flexible working in London’s local hubs when the pandemic ends. Rishi Sunak has predicted a rise in hybrid or flexible working in local hubs once the pandemic is over.…
09.02.2021, 11:53 Acquisition Expands Smart Maintenance Capabilities Lift maintenance platform WeMaintain has acquired fellow PropTech startup and smart fire system maintenance platform Shokly. WeMaintain’s state-of-the-art sensor technology captures rich data from buildings, and utilies sophisticated technology and highly skilled engineers to manage often ‘invisible’ maintenance operations more transparently. The company’s London launch in 2020…
08.01.2021, 15:13 The Alternative Market for Warehouse Space Companies with underutilised warehouse space are ignoring a potentially significant, and effort-free, revenue stream says Clare Snaith, Head of Business Development at Bis Henderson Space. It’s an acknowledged truth that the United Kingdom is ‘under-warehoused’. And the supply pipeline of new units is significantly constricted. According to…
12.10.2020, 12:47 A New Strategy for a New Reality Steve Purvis, operations director at Bis Henderson Space, presents the arguments for intelligent inventories in post-Covid-19 supply chain logistics. In the wake of the Covid-19 pandemic, logistics professionals will be seeking to create supply chains that are far more flexible and resilient. Inevitably, a re-think on…
03.08.2020, 15:09 Hard Services Contract Awarded at 55 Ludgate Jaguar Building Services has won a contract to provide mechanical, electrical and fabric maintenance services at Procession House which is located at 55 Ludgate near London’s City Thameslink Station. Occupying a 0.7-acre island site at Ludgate Hill, the property provides 105,944 sq. ft (9,842 sq.…
27.07.2020, 18:34 OMEGA Immobilien Group Acquisition Savills has announced the acquisition of Cologne-based property manager OMEGA Immobilien Management GmbH and its facilities management subsidiary, OMEGA Immobilien Service GmbH as it moves to strengthen its position in Germany. The principal companies in the OMEGA Immobilien Group provide a range of integrated services in offices, shopping centres,…
10.07.2020, 11:07 The Perfect Work-Life Balance With COVID-19 reshaped thinking about office-based working in the UK, Burrough Court in Leicestershire is rolling out a blended “Home & Hub” lifestyle concept. As lockdown restrictions ease even with the new coronavirus still in circulation, practical changes and a psychological shift are affecting how traditional office space is used. Public opinion…
23.06.2020, 18:21 Television Centre M&E Contract Savills has selected Jaguar Building Services to deliver mechanical and electrical (M&E) services at the Television Centre in White City, London, following a competitive tender. Jaguar will be responsible for electromechanical services and the maintenance of building fabric for the portfolio which covers an area of over 1.4 million sq.…
17.03.2020, 11:44 Extension of Kings Place M&E Contract Savills Building Management has re-awarded the mechanical and electrical contract for Kings Place in the heart of London’s Kings Cross to Jaguar Building Services following a competitive re-tender process. Under a new three-year contract, Jaguar will deliver a range of hard services at the 339,000 sq.…
23.10.2019, 11:09 Telford Shopping Centre Awards Hard FM Contract ABM UK has secured a hard services contract with Telford Centre, the largest shopping centre in Shropshire in the West Midlands with over 160 stores. The 52-acre Telford Centre site is located is currently undergoing a £55 million redevelopment and is scheduled to re-open later…
14.06.2019, 14:30 London Office Space and the Realities of Brexit James Hennessy on why demand for office space in London is continuing to defy even the gloomiest Brexit predictions. Despite a slew of warnings from multinationals about the future of their UK operations, post-Brexit, demand for commercial office space in London is increasing. As the…
14.06.2019, 14:30 London Office Space and the Realities of Brexit James Hennessy on why demand for office space in London is continuing to defy even the gloomiest Brexit predictions. Despite a slew of warnings from multinationals about the future of their UK operations, post-Brexit, demand for commercial office space in London is increasing. As the…