ARTICLES LABELLED WITH TAG Savills

After almost two decades AEW Europe decided to sell Atrium Tower office building located in Warsaw. The new owner of the property is VIG FUND, the real estate investment vehicle of Vienna Insurance Group (VIG). Real estate advisor Savills represented AEW Europe in the transaction.

Generali Real Estate acquired Małachowski Square office building from Europa Capital Partners and White Star Real Estate, with Savills acting as the buyer’s commercial advisor.

Savills became the property manager of the Zgorzelec Plaza shopping and entertainment centre owned by the M7 Real Estate fund.

Romania ranks 6th in the top destinations in the data centres market in Europe, while the Nordics and the Netherlands occupy the first positions, according to Savills’ new Data Centre Investment Index. The number of data centres is multiplying to accommodate the surging demand for data storage. Thus, the need to have smaller scale domestic facilities to comply with data and privacy laws is set to lead to an uptick in activity across all of Europe.

Savills has been appointed property manager of Arkada Business Park, a Class A office complex in Bydgoszcz. The building has already received an occupancy permit.

As a result of large portfolio transactions, the first quarter of 2018 on the Polish real estate investment market closed with a record investment volume of ca. €2.05 billion, according to Savills. Taking into account the number and volume of ongoing transactions, we may expect another very good year on the investment market.

Savills has set up China Desk, a special section within its Warsaw-based Corporate Finance & Valuation department, dedicated to Chinese investors interested in the Polish commercial real estate market.

Austria (+74%), Romania (+54%), the Netherlands (+46%), and Denmark (+32%) experienced the greatest annual increases in commercial property investment in 2017, as total investment across Europe rose to €234 billion, a 7% increase year-on-year, according to.

Savills has consolidated and reorganised some of its business lines in Poland. It has set up an investment hub providing a comprehensive range of advisory services on the commercial real estate investment market through cooperation involving individual departments.

The Polish Office Research Forum has published its figures for 2017 for the office market in eight major regional cities in Poland (Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Szczecin, Lublin). The market data prepared by a team of analysts includes modern office stock, new completions, take-up volumes and vacancy rates.