Savills has entered into an association with Cortina in Serbia to support its expansion in Europe. 

The investment group Českomoravská Nemovitostní (ČMN) together with the NEMO fund have completed the acquisition of a portfolio from the real estate fund NOVA Real Estate worth approximately CZK 5 billion (€199 million). 

According to Savills research, European retail investment volumes reached €19 billion for Q1 to Q3 2024, marking a 6% increase compared to the same period last year. Luxury high street yields are the most favourable among retail investment properties.

According to the 2024 European Purpose-Built Student Accommodation (PBSA) Investment Barometer, conducted by The Class Foundation and Savills, involving investors and operators with portfolios totalling over 132,000 beds across Europe, with an asset value of c.€25.3 billion, respondents expect to increase the number of beds they have by 70% over the next 2-5 years. 

C.S.CARGO is expanding its operations by establishing new industrial premises at CTPark Kadaň. The lease of a total area of 4,200 sq m was facilitated by Savills.

According to Savills' analysis of the industrial real estate market in the Czech Republic, lease renegotiations, or the extension of older lease agreements in existing premises, have become a significant part of the warehouse and manufacturing real estate market. 

The latest Savills report highlights Poland as an emerging logistics powerhouse, particularly considering recent geopolitical and economic changes. With its strategic location and rapidly expanding infrastructure, Poland is becoming a logistics and production hub for markets in Western Europe and Scandinavia, attracting investors and global corporations that are diversifying risk and shifting operations from Asia to Europe.

According to the latest Savills Investment Report, the commercial property market in the Czech Republic is expecting a strong close to 2024. The total transaction volume for the first three quarters of 2024 has reached €1.09 billion. 

According to Savills European Office Occupancy Rates Report, Prague has, for the first time since the pandemic, surpassed the 60% threshold for physical office occupancy, reaching 61% in October this year.

Despite a slight increase in vacancy, demand for new offices in Prague persists. However, companies still prefer renegotiations. Lease renewals are almost always accompanied by interior modifications leading to more efficient use of space, reports Prague Research Forum in its Office Market Figures for Q3 2024.