News

Up-to-the-minute news from our press teams providing the latest developments within Savills, and across the property industry.  

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News

Business Space

Peripheral office rents rise faster than CBDs as lack of prime space forces tenants across Europe from core locations – Savills

"The continued fall in unemployment across Europe is leading to strong office demand and forcing tenants to look to non-Central Business District (CBD) locations, according to international real estate advisor Savills. Prime CBD rents are now on average 4% higher year-on-year (yoy) and 2% above the 2007-2010 rental peak, according to Savills latest European Office Market report for Q1 2018. The lack of affordable good quality space has pushed tenants into non-CBD locations where rents are still on average 70% lower than in CBDs, but are now rising 5.6% yoy and are currently 8% above the five-year average."

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News

Industrial and Logistics

Automotive industry to invest in logistics

"The automotive parts and accessories segment whose value of production has exceeded that of the car manufacturing sector in the last seven years is clearly emerging as a market leader in Poland. Investments in logistics are being increasingly driven in this sector by its rapid growth, as revealed in the latest report produced by real estate advisory firm Savills. In addition, automotive firms have considerably increased their share of warehouse and industrial space take-up in the last three years."

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News

Bolands Quay sold to Google

"Mark Reynolds of Savills, the NAMA-appointed receiver to the Bolands Quay development project, has today announced the sale of the entire of Bolands Quay to Google. "

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News

Business Space

Jakub Jędrys appointed as Head of Project Management

"Jakub Jędrys has joined real estate advisory firm Savills as head of its project management team to deliver comprehensive construction advisory services, including space fit-out, to Savills clients: both tenants and landlords of office, retail and warehouse buildings."

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