Wednesday, June 3, 2020

Savills named UK’s top shopping centre leasing agent & managing agent

Savills has been named the UK’s leading shopping centre letting agent, replacing Cushman & Wakefield, and retained its crown as the top shopping centre managing agent for the third consecutive year in a new ranking from Trevor Wood Associates.

The annual survey, called Going Shopping 2019 – The Definitive Guide to Shopping Centres, ranks the top UK shopping centres in terms of overall attractiveness alongside league tables of agents, tenants and investment managers.  Full details of the league tables will be announced by Trevor Woods in the coming weeks.

Savills has been ascending the letting agent league table for several years, taking third place in 2016 and second place in 2017 before reaching the top spot this year with shopping centre instructions totalling circa 40 million sq ft.  This is across almost 140 schemes including intu Braehead, Royal Victoria Place in Tunbridge Wells and Lifestyle Outlets in Glasgow, Manchester and Gloucester.

The firm also manages more than 31 million sq ft of shopping centre space in the UK for clients including La Salle Investment Management, RDI REIT, Kennedy Wilson Europe and Ellandi.  New instructions in 2018 include Grosvenor Europe’s Liverpool One and West One near London’s Bond Street station for Norges.

Stuart Moncur, head of national retail at Savills, comments: “We are delighted with this industry recognition which highlights Savills market leadership in shopping centre leasing and the hard work of our national retail team based across the UK.”

Graeme Clark, head of shopping centre management at Savills, adds: “This has been another successful year for the team with more new clients and shopping centre instructions gained.  We look forward to continuing this positive momentum in 2019.”

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