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News

Hotels

Seve Trophy resort on the market for €45m

"Druids Glen Hotel & Golf Resort, host of the 2002 Seve Trophy and several Irish Opens, has been placed on the market for sale with a guide price of €45m. Savills Hotels & Leisure has been instructed to handle the sale."

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News

Industrial and Logistics

New supply is chasing the demand - warehouse market

"According to the latest summary of the warehouse and industrial market in Poland prepared by Savills, at the end of the first half of 2018 the space under construction for the first time in history exceeded 2 million sq m. More than 3/4 of this space has already been leased. Record level of new supply was accompanied by highest ever demand effecting the fall of vacancy rate to 4.0%, which is the lowest value in history."

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News

Retail

Sale and lease back offer return opportunities in European retail investment market – Savills

"Selling and leasing back is becoming an increasingly attractive option for value-add investors to source property in a European market where assets available for sale are rare, according to international real estate advisor Savills. Approximately €1.1 billion retail properties have been sold and leased back (SLB) in Europe in the past 12 months. In the first half of 2018 SLB accounted for €850 million (4%) of the total €18.5 billion invested in retail across Europe, according to Savills analysis of data from Real Capital Analytics. Savills says that this is six times the amount sold and leased-back during H1 2017 and 28% above the H1 average over the past five years, with SLB activity  being particularly driven by Spain, Italy, and the Netherlands; mature markets where retail ownership still offers opportunities for investors."

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News

Commercial Investment

Starwood Capital Group buys office building in Frankfurt, Germany

"An affiliate of Starwood Capital Group, a leading global private investment firm, today announced that it has acquired FIFTY AVON, an office property in Frankfurt am Main, in a joint venture with local operating partner CELLS Property Investors from four Guernsey-based funds. Terms of the transaction were not disclosed."

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News

Commercial Leasing

Intive is a new tenant at Szyperska Office Center

"Global digital product development company intive has relocated its Poznań office to the Szyperska Office Center. Real estate advisory firm Savills advised on the 650 sq m office lease transaction."

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News

Commercial Leasing

Caspio’s Research and Development Center in K1 in Krakow

"Caspio leased nearly 500 sq m of office space in K1, the tallest office building in Kraków. This office space will be the future location for Caspio’s Research and Development Center in Krakow. The tenant was represented by the real estate advisor Savills."

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News

Research

South Korean investors on the rise, considering new locations and new sectors across Europe - Savills

"Asian investment in European property reached unprecedented levels at the end of 2017, almost double the previous year exceeding €25.5bn, according to international real estate advisor Savills. Chinese investment in Europe peaked in 2017 at almost €9.5bn, up from the €2.7bn five year average. Very dynamic were also investors from Hong Kong (€6.5bn, 254% yoy), Singapore (€4.2bn, 12% yoy), Republic of Korea (South Korea) (€2.1bn, 71% yoy) and Malaysia (€0.7bn, 180% yoy)."

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