ref="http://www.cityam.com/company/savills">Savills selling historic Provencal mas
Savills is selling Mas de l’Hospitalet, a historic Provencal mas where Oscar winning actor, Jean Dujardin held his wedding ceremony in 2009. The property dates back to the 12th century and was built by Templar Knights on the order of the King of France. Currently, the property is a boutique hotel. The mas is located in the small village of Bagard and features 13 bedrooms, original fireplaces, vaulted ceilings and exposed beams. Outside, the property has courtyards, gardens, a swimming pool and a terrace. The guide price for the property is around €1.9m (£1.6m). www.savills.com
Residential rent rises outperform capital growth
Rental values are rising faster than underlying house prices in many cities as demand from corporate tenants rises above the supply in the global residential real estate market, Savills says. Paris overtook London to become the most expensive rental market in the world in 2011. Rental prices rose an average of 2.3 per cent throughout global cities, with London rental value rising 4.6 per cent in the beginning half of 2011 and a further 0.1 per cent in the second half. In New York, rental values rose a whopping 6.5 per cent in the first half of 2011 and a further 6.2 per cent in the second half of the year.
Hanover acquires hospital site in £26m deal
Hanover Housing Association, one of the largest providers of retirement housing in the UK, has acquired the six-acre site of the former St Luke’s Hospital in Woodside Avenue, Muswell Hill in a £26m deal from the Camden and Islington NHS Foundation Trust. Hanover plans on developing the site as a mixed residential scheme for up to 200 homes for sale and rent, 70 per cent of which will be for people over the age of 55. The site was previously a hospital, although it has been largely unused since 2009. Knight Frank and Savills advised in the deal.