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News

Commercial Investment

Savills Northern Ireland Announces Prestigious Property Offering in Belfast

"Savills Northern Ireland is delighted to present to the market an exceptional mixed-use property located at 49-51 Donegall Place & 42-46 Fountain Street. This property represents a premier investment opportunity in the heart of Belfast, currently fully let and benefiting from its position in a prime city centre location."

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News

Building & Project Consultancy

Technical due diligence is absolutely crucial for real estate investments or financing

"Upvest and Savills cooperate on projects related to investments in a form of share in a class of assets known as real estate private debt and private equity. Savills provides technical due diligence for these types of real estate projects, which is, along with commercial, legal or financial pre-investment due diligence, crucial for this type of investment. After evaluating all aspects and results of external reviews, Upvest adjusts the contractual relationship in the context of the identified risks and either implements or rejects the investment project if insurmountable risks are identified. Upvest has so far financed CZK 3.4 billion within 52 investment projects (with a total value of CZK 23.2 billion) and has paid out CZK 1.6 billion to investors."

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News

Office Space

Tuesday is the peak day for office occupancy, while Fridays see significantly reduced attendance in Prague

"According to the Savills report, Prague can boast the largest increase in the return of employees to offices among European capitals over the last six months. However, even with this increase, physical office occupancy in Prague remains at 57%, placing it fourth in Europe, behind cities such as Madrid (68%), London's West End (61%) and the Central Business District (CBD) in Paris (59%). Yet, it still hasn't reached pre-pandemic levels, when physical office occupancy was around 70%."

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