Savills has completed it first commercial auction of 2010 on Monday 1 March, achieving an overall success rate of 88%. The sale took place in The Ballroom at Claridge's Hotel, London, W1 and offered 32 lots, of which 28 were sold.

Simon Parker, Head of Commercial Auctions at Savills, comments: "The lots in our March auction generated some very competitive bidding which resulted in several of the properties selling for well over the asking price. Most noticeably we found local buyers competing against national investors and winning."