Savills equipped to support property growth with expansion to Newcastle Helix
A real estate advisory has expanded its North East footprint amidst predictions that house prices in the region will soar by 20 per cent.
Savills will relocate from Grey Street in Newcastle to 3,000 sq ft of space at The Lumen at Newcastle Helix - a 24-acre sustainable development that promotes community innovation - once fit-outs have completed in the Autumn.
The expansion comes following forecasts from the company that house prices will increase by five times the 4 per cent predicted growth in London, and above the UK average of 15.1 per cent, by 2025.
Savills’ new office will be led by directors Neil Morton, Ray Minto and Roger Speirs who oversee the planning, development and valuation teams respectively. It will be complemented by the rural team, which is led by directors Michael Orde and Mark Watt.
Roger Speirs, head of Savills Newcastle, said: “Savills is the only UK-wide property consultancy providing end-to-end services across the whole development lifecycle and we are excited to grow this offering in the region from our Newcastle hub.
“Having access to a wide range of property-related expertise in one location is hugely beneficial for our clients and, bringing in our rural offering under one roof, will enable those wishing to explore other property-related opportunities to do so.
“We have extensive experience across planning, development, valuation, management services and architecture & building surveying, and we look forward to growing the services we can offer over the coming years.”
Cllr Ged Bell, cabinet member for employment and culture at Newcastle City Council, added: “Newcastle Helix is a home for innovation and business, fostering collaboration between the public sector and private sector, resulting in new discoveries, products and services that help us all live better.
“Businesses don’t want to stand still; they want to grow and diversify, and we are delighted to welcome Savills to our Newcastle Helix community.”
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