ARTICLES LABELLED WITH TAG Savills

News Stuart Jordan to lead Savills in CEE
30
Aug
2023

Stuart Jordan to lead Savills in CEE

by Property Forum
Savills has appointed a CEO of Central and Eastern Europe. Current Managing Director of the Czech Republic & Slovakia, Stuart Jordan, will take on the role, having successfully developed the Czech Savills business since 2017, including its recent expansion of operations into Slovakia.
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News 200,000 sqm of new office space could be built in Prague by 2025
24
Aug
2023

200,000 sqm of new office space could be built in Prague by 2025

by Property Forum
According to Savills' research, the demand figures for premium office space in the first half of 2023 have started to vary significantly across Europe compared to the five-year average, Luxembourg saw a 137% increase, Oslo a 22% increase and Prague a 13% increase, while Lisbon, Dublin and Budapest saw declines of 62%, 42% and 21%. However, demand is facing a shortage of modern office buildings, especially in well-served locations. Moreover, no developer has started construction of an office building in Prague for more than 12 months. In addition, most of the projects that started with the construction earlier (e.g., Masaryčka) are already significantly occupied. On the contrary, the positive news for those interested in new offices is that up to 195,700 sqm of new office space could be built in Prague by the end of 2025, of which 143,600 sqm is already under construction, says Savills in its analysis. 
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News Warehouse demand in EU to accelerate over semiconductor gains
16
Aug
2023

Warehouse demand in EU to accelerate over semiconductor gains

by Property Forum
Europe’s share of semiconductor production will need to more than double to reach the EU Chips Act’s target of 20% of global output by 2030, which will also generate demand for warehouse space across the continent.
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News Nrep buys controlling stake in 7R
10
Aug
2023

Nrep buys controlling stake in 7R

by Property Forum
Nrep, the ESG-focused real estate investor with €19 billion of assets under management, has purchased a controlling stake in Polish industrial developer 7R. Following the deal, Nrep will invest around €200 million of new equity in the company.
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News Global demand for PBSA, care homes and data centers grows
01
Aug
2023

Global demand for PBSA, care homes and data centers grows

by Property Forum
1.2 billion sqm of space is required globally in the next decade to satisfy the growing demand for the top three ‘alternative’ property sectors, providing a major opportunity for investors, says Savills.
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News Office supply to shortly bounce back in Warsaw
19
Jul
2023

Office supply to shortly bounce back in Warsaw

by Property Forum
The Warsaw office market is seeing signs of upcoming renewed development activity, says Savills. Three new office buildings were delivered in the first half of 2023, but a significant increase in new supply is not expected until 2025.
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News Czech manufacturing industry drives demand for warehouse space
11
Jul
2023

Czech manufacturing industry drives demand for warehouse space

by Property Forum
Since the second half of 2022, Savills has seen an increase in demand from manufacturing companies for modern warehouse space in the Czech Republic, accounting for 57% of the total space leased in the first quarter of 2023. One of the reasons why demand from this sector is growing is "nearshoring", i.e., the shift of production from Asia back to Europe. During Covid-19, demand was significantly driven by the e-commerce sector, which at its peak in Q3 2021, accounted for up to 62%. However, over the last three quarters, e-commerce activity has declined significantly and, as of Q1 2023, is now at 6%. Given uncertain energy supply and costs, and thanks to government support of renewable energy, demand from this sector is also growing significantly.
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News Savills to be sole letting agent for Wrocław office building
10
Jul
2023

Savills to be sole letting agent for Wrocław office building

by Property Forum
HIH Invest Real Estate has appointed real estate advisory firm Savills as the sole letting agent for vacant office space in Sagittarius Business House, located in Wrocław, Poland.
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News Industrial and logistics rents set to continue to rise in Europe
20
Jun
2023

Industrial and logistics rents set to continue to rise in Europe

by Property Forum
According to Savills, growth in prime rents is set to remain robust across the continent having increased by 10.4% in the last four quarters. This is despite vacancy creeping up to 3.5% in Q1 2023, reflecting the impact of slower leasing activity.
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News Czech market leads with high industrial investment stability
15
Jun
2023

Czech market leads with high industrial investment stability

by Property Forum
Industrial investment volumes in Europe declined by 49% quarter-on-quarter, which was a 73% decline compared to Q1 2022. The Czech Republic is one of the three countries that has recorded the smallest decline in investment volumes year-on-year, Savills reported in the latest European Logistics Outlook. 
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Latest news


New leases

  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.
  • SNF, a company operating in the beauty sector, has renewed its lease for approximately 2,300 sqm of warehouse and office space at Prologis Park Poznań I. Axi Immo represented the tenant in the transaction.

New appointments

  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.
  • Maciej Wieczorkiewicz is joining the Avison Young Technical Advisory team in Poland. Maciej is an experienced engineer with many years of experience in managing fit-out projects and investments in the commercial property sector. During his career development, he has worked for companies such as Made In Terior, TECAS Fitout and Colliers Define.

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