ARTICLES LABELLED WITH TAG Savills

The share of residential transactions in Prague within total investment volumes has been increasing since 2023, according to Savills' Rental Housing in Prague report. In the first half of 2024, it reached almost 18%, equivalent to €158 million.

According to the 2024 Savills Nearshoring Index study, the Czech Republic is the second most attractive location for industrial occupiers looking for ‘nearshore’ supply chains. 

Savills is moving its headquarters to new office space within the Masaryčka project in the centre of Prague. An additional 50% floor space is giving the Savills the foundation to expand its headcount towards 100 employees over the next phase of the business.

Savills' research has shown a positive growth outlook for the European grocery sector for the coming years. Savills is forecasting stable yields within the field and has noticed an interesting shift in consumers’ preferences.

The Regional Research Forum has presented H1 2024 Brno and Ostrava office market data. The vacancy rate in both cities is moving slightly below 12%.

As of August 1, 2024, the Property Management Department at Savills has been further strengthened. Petra Gavendová has joined the department as Business Development Lead. 

Savills Investment Management (Savills IM) and Vestas Investment Management (Vestas) have announced the signing of lease extension agreements with Prosperplast in two buildings at Beskid Park II, in Southern Poland.

Savills has successfully facilitated the disposal of Green Park, Letňany, in Prague 18. The Creditas Nemovitostní I fund has acquired the property.

Savills, on behalf of private investors, together with CA Ventures and Golub & Co., has completed the sale of LivinnX, a Purpose Built Student Accommodation (PBSA) building in Kraków, Poland, to Xior. The asset, LivinnX, has 290 self-contained units with 673 student beds and offers many amenities, including a roof terrace with a jacuzzi, climbing wall, gym, sauna, community kitchen, laundry room, music room and various other recreational and study spaces. The total lettable area is c.14,400 sqm. The price has not been disclosed.

The office and business centre Karlák Shopping Square (formerly Charles Square Center) owned by KGAL is getting a new face. The complete rebranding, architectural modifications and reconstruction of retail and office spaces, including a modernised logo are all included in the reconstruction plan.