Savills News

Read up-to-the-minute news on the latest developments within Savills and across the property industry.

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News

Corporate News

Savills announces succession plan

"The Board of Savills today announces that Mark Ridley will retire as Group Chief Executive at the end of 2025 after a 29 year career at Savills, seven of them as Group Chief Executive, as well as 41 years in the industry. Mark will be succeeded by Simon Shaw, currently Group Chief Financial Officer of Savills, effective 1 January 2026."

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News

Commercial Leasing

Prime office cost growth accelerates in Q1

"Rental growth for prime office space* around the world accelerated in the first quarter of 2025, increasing on average by 0.6%, following a 0.3% increase in Q4 2024, says Savills. Fit out costs also rose by 0.7% in the first quarter, following a 0.2% increase in Q4, as demand for top quality office space continues unabated.  "

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News

Office & Retail Investment

2025 Savills Global Luxury Retail Report: New Store Openings Up 12%, with Rents Rising or Holding Steady in 75% of Markets

"For Immediate Release – The latest Savills Global Luxury Retail 2025 report shares that global luxury retail continues to weather economic headwinds, with core markets reporting strong rental growth in 2024. Across the 21 destinations tracked, over 75% reported annual increases or a hold in prime headline rents year-on-year (YoY)."

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News

Leisure

Discover Exceptional Wine Estates in Provence, Australia, Mallorca, and the UK

"Savills is delighted to present four exceptional estates for sale, each providing remarkable opportunities for living, vacationing, or investment. These properties offer wine enthusiasts and discerning investors the chance to own a home in some of the world's most prestigious wine-producing regions -  whether amid the sun-drenched vineyards of Provence, a winery in Australia, or an iconic estate in the UK or Mallorca."

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