"According to Savills latest European Logistics Outlook, industrial investment volumes, which totalled €5.1bn, declined by 49% QoQ and by 73% compared to Q1 2022, which was notably a record high. Compared to the same period last year on a country-by-country, The Czech Republic (-3%), Ireland (-29%) and Portugal (-45%) recorded the smallest declines in investment volumes year-on-year. Only Poland and Romania witnessed an uplift in investment. Poland saw a 110% increase year on year, mainly driven by the purchase of a 185k sqm industrial warehouse by P3 Logistics Parks from Panattoni while Romania recorded no investment transactions in Q1 2022. Investment volumes dropped most in Hungary, where no deals were completed in the quarter, Norway (-92%), Belgium (-88%) and France (-84%)."

"IRE-TEX PRAHA s.r.o., which designs, manufactures and supplies packaging solutions, is moving part of its production, warehouse and office requirements to new premises in the Fáblovka industrial zone in the Czech Republic’s Pardubice region. The five-year lease of the entire 7,500 sq m hall, starting in October 2023, was brokered by Savills. IRE-TEX has two other production halls in Pilsen."

"Savills has negotiated for the WorkLounge network of serviced centres to take over the lease agreement from outgoing operator HubHub at Na Příkopě 14 in Prague from 1 May onwards. Savills is also the property manager of the building which is owned by CPI Property Group. With a total area over 3,700 sq m, it will be the largest centre in WorkLounge’s portfolio."

"According to Savills latest research, European offices and logistics are the two commercial real estate sectors most shielded from energy shocks as utility costs account for a relatively small share of total business spending. Retailers generally consume larger amounts of energy and are not always able to pass the costs on to customers while data centres and the life science industry are heavily reliant on energy.   "

"According to Savills latest research, Prague has recorded the largest increase in physical occupancy rates, rising by 16 percentage points to 54% between June 2022 and February 2023, Tuesday being the peak day in the office attendance, followed by Dublin, which recorded a 15 percentage point increase to 56%. Prague ranks among the top 5 European capitals in terms of employees’ return to the office."

"Group performance ahead of expectations despite challenging markets."

"The Private Rented Sector (PRS) market in the Czech Republic is developing, although it is still relatively small compared to other European countries, it is firmly in the cross-hairs of PRS investors according to the latest DLA Piper and Savills report – PRS market in CEE."

"According to Savills latest research, pricing levels are increasingly attracting North American investors to European real estate. In 2022, North Americans invested more than Europeans cross border, €48bn compared to €36.6bn, which is 31% above the five-year average for the former. In the Czech Republic, investors from North Americas spent €321 million in 2022 (40% above the five-year average), while European buyers (excluding domestic capital) acquired assets worth €459 million."

"According to Savills latest research, average prime EME CBD office yields moved out by 30 bps to 4.2% during Q4 2022, reflecting the most significant outward movement this cycle."

"International logistics and transport company Emons is significantly expanding its network of logistics centres in the Czech Republic. As of February 2023, it will open its new logistics centre in Ostředek, close to the D1 motorway. Advised by Savills Czech Republic and Slovakia, it has leased over 6,000 sqm of warehouse space at Sázava Logistics Park, which was built by development and investment company UDI Group."