ARTICLES LABELLED WITH TAG Savills

New office supply in regional cities in Poland hit a record high of 243,500 sqm in Q1 2022, representing an uplift of 5% on the previous peak in Q4 2019, reveals Savills. More new office space was delivered in the first three months of this year alone than in the whole of 2021.

As part of its 2022 Savills "Impacts" research programme, the global logistics sector has the wind behind it for the foreseeable future, with the main drivers being ecommerce, and the race for additional warehouse space to secure international company supply chains.

Chicago, Houston, New York, San Francisco and Warsaw have over 40% of their total office stock certified ‘green’, making their office markets some of the most environmentally sustainable in the world, according to Savills World Research. But in many major cities there is a significant disconnect between city governments’ ambitious net-zero targets and the green credentials of existing stock.

According to Savills latest research, over 5.7 million sqm of new office space will be completed in Europe in 2022, of which 49% is currently pre-let. In Warsaw, Savills forecasts that a rebound in demand and an undersupply of new office stock will translate into visibly shrinking availability.

Kuehne+Nagel Global Services has leased 9,000 square meters at the Airport City Belgrade Business Park, in a transaction brokered by the consulting company Coreside Savills.

The Warsaw office market is showing signs of a long-awaited recovery, says real estate advisory firm Savills. Office take-up hit 273,200 sqm in the first three months of the year, which were one the best-performing quarters in the history of the capital. Savills forecasts that with office availability continuously shrinking in the city centre, the market is set for further rental growth next year.

Real estate advisory firm Savills has been appointed as property manager for Sky Tower, the tallest building in Wrocław, acquired by Adventum Group in March 2022. Savills previously advised on the acquisition of the property.

The beginning of Q1 2022 has brought record numbers. €898 million was invested into Czech real estate assets in Q1 2022, demonstrating a 210% year-on-year increase. Without the c. €1.3 billion Residomo transaction which was closed in Q1 2020, this quarter's investment volume would be the highest since Q1 2019, Savills' latest research shows.

MNK Partners has appointed real estate advisory firm Savills as property manager for its newly acquired office building NC3.

Real estate advisory firm Savills estimates that the prices of building materials for new commercial real estate construction in Poland increased by close to 30% in the past 12 months and expects demand for technical consultancy to grow. The Building & Project Consultancy team of Savills Poland has summarised its activity in 2021, a year in which it completed close to 60 projects for commercial properties with a combined area of 1.5 million sq m and almost doubled its headcount.