June 2017
29 June 2017
The average prime rent in a European Central Business District (CBD) grew 2.5% year-on-year to the end of Q1 2017, with non-CBD rents also rising by 3.5%, as a lack of high quality space pushes tenants towards alternative locations outside city centres, according to Savills latest European Offices Market Report.
International IT company opens an office in Poznań
23 June 2017
The software services company Mobica will open its branch in Poznań, creating over 100 new jobs. Recruitment process has already begun. The tenant will move into Temida office building in August. Mobica was advised by JLL and the owner of the building was represented by Savills in the transaction totaling 1 030 sq m of office space.
Savills recruits Stuart Jordan to head up investment team in Czech Republic
22 June 2017
International real estate advisor Savills has recruited Stuart Jordan to head its investment agency team in the Czech Republic.
Prime office yields in Europe’s principal CBDs reach record low in Q1, Savills
13 June 2017
According to international real estate advisor Savills, the average yield in Europe’s prime CBD office market dropped for the first time on record to just below 4% in the first quarter of this year. Prime office yields continued to harden on a quarterly basis in Paris La Défense (-50bps), Amsterdam (-40bps), Vienna (-25bsp), London City (-25bps) and in the ‘big six’* German cities (-10bps). However Savills claims that prime office yields remained stable in most other markets and overall their level is 90bps below the long term average.
Savills awarded European Broker of the Year
09 June 2017
International real estate advisor Savills has been awarded ‘European Broker of the Year’ at the Property Investor Europe (PIE) awards in London.
Subscribe to Savills Research
Would you like to be notified via email about new research?