12/03/2018 | Press release | Distributed by Public on 12/03/2018 06:00
The office, which is situated on 71 Grey Street will be led by directors Neil Morton, Ray Minto and Roger Speirs who will head up the planning, development and valuation teams respectively. The trio joined the firm from GVA in Newcastle, bringing with them a wealth of experience across the commercial and residential sectors.
Roger Speirs, comments on behalf of the team of directors: 'Savills is the only UK-wide property consultancy providing end-to-end services across the whole development lifecycle and we are thrilled to bring this offer to the North East. Our experience across residential, commercial and mixed-use projects and all asset classes means we have the expertise to maximise value for our clients, drawing upon our network of 35 offices.'
The news follows the latest mainstream property forecasts from Savills in which house prices in the North East are expected to see growth of 17.6 per cent over the five years to 2023, almost four times the 4.5 per cent predicted growth in London and above the UK average of 14.8 per cent.
David Jackson, Savills UK head of planning, comments: 'We are delighted to have realised our strategic ambition of opening a Newcastle office. The new office adds to our presence in the key cities of the north of England at a time when our research shows the North East property market overcoming the uncertainty that is impacting other markets. The team we have appointed in Newcastle is well placed to advise clients at this key time with a wide range of sector expertise and in depth local market knowledge.'
The 11-strong team has been operating in Newcastle and the wider North East market for many years and most recently in the Savills Corbridge office, having joined the company in March this year. The development team specialises in residential and commercial development, acting for landowners across the public and private sectors. The planning team is currently promoting over 20,000 new homes through the planning system across the North East and is also acting on a number of high profile office, commercial and tourism and leisure developments. The valuation team specialises in valuations for loan security purposes, accounts, acquisitions and disposals. Roger Speirs in conjunction with the investment team has recently sold an investment property for in excess of £20million.
For further information please contact:
Chloe Collins, PR Manager - North & Midlands
Email [email protected] or call 0115 934 8164 / 07967 555 557
Notes to Editors:
Savills is a global real estate services provider listed on the London Stock Exchange. Savills operates from over 600 owned and associate offices, employing more than 30,000 people in over 60 countries throughout the Americas, the UK, Europe, Asia Pacific, Africa and the Middle East, offering a broad range of specialist advisory, management and transactional services to clients all over the world. www.savills.co.uk or www.savills.com