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News

Commercial Investment

Corwin sells Blumental office and retail property to Czech real estate fund ZFP realitní fond managed by ZFP Investments

"Slovak developer, Corwin, has sold the LEED Gold office and retail property, Blumental, to ZFP realitní fond managed by ZFP Investments, in one of Bratislava’s largest office transactions of the year. Property with 21,597 sq m of lettable area, which comprises over 16,000 sq m of office space and almost 3,500 sq m of retail premises, laid out over twelve above ground and two below ground storeys."

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News

Commercial Investment

Total Czech investment volume for the first half of 2022 increased by 60% year-on-year and totalled EUR 1.15 billion

"Thanks to strong activity in Q1, total investment volume for the first half of 2022 increased by 60% year-on-year (y-o-y) and totalled EUR 1.15 billion. The largest transaction of the quarter was Adventum's acquisition of a portfolio of commercial properties anchored by Tesco stores. The value of the part of the portfolio located in the Czech Republic reached EUR 50-70 million. Adventum was represented by Savills in the acquisition."

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News

Property Management

Savills appointed to manage Widok Towers

"Real estate advisory firm Savills has been appointed as property manager for Widok Towers, the most centrally located skyscraper in Warsaw. The mandate follows many years of cooperation with German Commerz Real AG, the owner of the property, on Tulipan House and Millennium Park A."

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News

Office Space

Savills: Krakow reports the highest office take-up of all regional cities

"In the first half of 2022, leasing activity in the Krakow office market reached 109,000 sq m, accounting for 70% of 2021’s total and representing a 44% increase year-on-year. Looking ahead, Krakow is expected to see gradual rental growth in the near future driven by rising construction costs and high inflation, says Savills."

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