ARTICLES LABELLED WITH TAG Savills

Only one office project was completed in the Prague office market during Q1 2025, adding 8,700 sqm to the total stock of 3.96 million sqm, reveals Prague Research Forum in its Office Market Figures for Q1 2025.

In  Q1 2025, the transaction volume in the Czech hotel sector has nearly tripled the total volume of the entire 2024, worth €120 million, reports Savills. 

Slate Asset Management has disposed of a three-asset OBI retail store portfolio in Slovakia. The buyer is the Lindner Group from Germany. The seller has used the advisory service of Savills.

Currently, data centres are one of the most attractive real estate asset classes for investors, according to an analysis by Savills. Investment volumes in this segment have been soaring to new heights, driven by the rapid adoption of AI, cloud computing, and digitalisation across industries. 

Shopper Park Plus Nyrt has acquired a portfolio of four retail parks on behalf of its Slovakian affiliate, directly from Tesco in a sale and leaseback transaction. The four retail parks are located in Žilina, Nitra, Trnava and Dunajská Streda, with each of the centres being anchored by a Tesco grocery store on a new long lease. 

More than €1 billion worth of commercial properties were already transacted in Q1 2025 in the Czech Republic, representing a 180% increase compared to the same period last year, according to Savills. 

According to an analysis by Savills, office development in Prague has been declining rapidly since 2021. This trend is confirmed by 2024 figures.

According to the Savills European Industrial and Logistics Occupier Markets report, the industrial real estate market is expected to experience a breakthrough year, potentially leading to a significant market recovery. Stabilisation of demand and gradual absorption of speculative warehouse developments completed in the past year is expected in the Czech Republic.

Vacancy rate in the Prague office market decrease in Q4 2024 has been the largest since 2018, reports Prague Research Forum in its Office Market Figures for Q4 2024 and 2024. The report has also revealed the record annual take-up and the overall situation of the market. 

The Myslbek office and retail complex on Prague’s centrally located Na Příkopě Street has been purchased by Max Realitní Fund.