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

Industrial and Logistics

Semiconductor production in the EU will increase the demand for 10.8 million sq m of warehouse space by 2030.

"According to Savills latest Spotlight, Semiconductors and the Logistics Sector, Europe’s share of semiconductor production will need to more than double to reach the EU Chips Act’s target of 20% of global output by 2030. The EU has set aside €43 billion to attract investment into semiconductor fabrication labs, which Savills believes will generate more than 10.8 million sq m of warehouse demand over the next seven years."

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News

Corporate News

Chair succession

"Savills plc announces that Stacey Cartwright will succeed Nicholas Ferguson as Chair of Savills when he retires from the Board effective 31 December 2023."

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News

Building & Project Consultancy

7R and Nrep enter into a strategic partnership

"7R, a leading developer of high-quality warehouses and industrial facilities, enters into a strategic partnership, where Nrep acquires a majority stake in the company. The share capital increase will allow 7R and Nrep to continue its growth in Poland and focus on developing projects complying with ESG policies."

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