Savills Scotland has bolstered its Scottish Development team with key appointments which reflect the growth of some fast-expanding sectors: residential investment and the private rented sector (PRS), together with Strategic Land.
George Hepburn Scott has joined the team as a director to advise on residentail investment and PRS transactions across Scotland. George worked within Savills Development in Scotland until 2010, before joining the company’s Residential Capital Markets team in London advising on the disposal, acquisition and valuation of residential investment blocks and portfolios across the UK.
Richard Thompson joins the Scottish Development team as a director from Savills Rural, Energy and Projects division where he accumulated 30 years’ experience, with a focus on development opportunities, and he leads Savills Strategic Land Targeting group in Scotland.
Ben Brough, Savills head of Residential Development in Scotland “The Scottish development market is vibrant, diverse and growing. Edinburgh is rapidly expanding on a number of fronts: from the gentrification of the East End to residential developments that are pushing the current city limits outwards. Meanwhile Glasgow is seeing an incredible resurgence with national and international interest across a wide spectrum of development opportunities, from purely residential, to mixed-use and a growing number have a PRS element. In George we have a real specialist in what is becoming an increasingly important part of urban development and a market we anticipate to see significant growth across Scotland.
“The national housing shortage, together with upcoming changes in the Scottish Planning system, make Richard’s appointment key to ensuring Savills continues to lead the market in sourcing and delivering strategic land.”