News

Up-to-the-minute news from our press teams providing the latest developments within Savills, and across the commercial real estate industry.  

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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

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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