"Savills strengthens its Investment team with a promotion and a new appointment. Fraser Watson has been promoted to the role of Head of Investment for the Czech Republic & Slovakia. Fraser has been with Savills since 2018. He is an experienced property professional with over 20 years' experience and a diverse background providing a wide range of advice within all property sectors. He overtakes the department from Stuart Jordan, who was appointed a CEO of Savills Central and Eastern Europe in August. Hugo Fischer joins the Investment team as an Associate, bringing with him a varied background in real estate investment, asset management and development."

"Irish hotel transactions declined in 2023 largely due to fewer Dublin sales and no Dublin investment activity, according to property advisor, Savills Ireland. The total hotel transaction volume for 2023 was €350m – 30% below the historical average. "

"International real estate advisor Savills has promoted Kamil Kowa to Managing Director of Savills Poland. In his new role, Kamil will work closely with Stuart Jordan, CEO of Central and Eastern Europe (CEE) at Savills to help clients operating in or looking to enter the Polish real estate market."

"Savills recorded 40 transactions closed in 2023 in the commercial real estate sector with a total investment volume EUR 1.2 billion. Investment volume in 2023 was down 32% in comparison to 2022. The retail sector was the driver of real estate investment in 2023, accounting for 43% of the total investment volume. Domestic investors undoubtedly dominate the Czech investment market. They are not only the most active, having closed 29 transactions, but also accounting for the largest (80%) proportion of investment volume this year. 31% of investment transactions in 2023 were closed in Prague."

"International real estate advisory firm Savills has been appointed as property manager for Mogilska 35 Office in Krakow. The six-floor office building is one of the latest office projects delivered in southern Poland by Warimpex."

"Savills negotiated the sale of a warehouse owned by ITB Transito s.r.o., to Logport Development s.r.o. The industrial hall is located in a well-established industrial zone in the southern part of Kladno and has a rentable area of almost 3,600 sq m with the possibility of expansion up to 7,000 sq m."

"Average office occupancy rates across eight major European markets have risen in the last six months from 55% to 57%, says Savills, however on Tuesdays and Wednesdays the average is 64% and 62% respectively, closer to the pre-pandemic rate of circa. 70%."

"International real estate advisory firm Savills has been appointed as property manager for Lakeside in Warsaw’s Mokotów district – the largest non-central office project underway in the capital and developed by ATENOR."