"Savills announced that it has advised a fund managed by the Real Estate Group of Ares Management Corporation, a leading global alternative investment manager, and local partner Portland Trust, on the sale of Coral Office Park in Prague to Mint Investments, one of CEE’s leading real estate investors. Four independent office buildings totalling almost 35,300 sq m set in landscaped grounds with a full array of lifestyle amenities and forming a prominent, institutional grade business park in an established office location of Prague 5, were sold for an undisclosed price."

"International real estate advisor Savills has signed an association agreement with Modesta Real Estate, located in Vienna, to support its continued expansion across Europe and the Middle East. Modesta Real Estate will collaborate with Savills to service existing clients whilst liaising with Savills offices and other partners in CEE to build relationships across the wider region. Modesta Real Estate also has an office in Bratislava and will be collaborating closely with Savills Czech office to ensure further service delivery in Slovakia."

"According to Savills latest report, the last quarter of 2021 was the busiest of the year for commercial real estate investment, with 30 closed transactions and a total volume exceeding EUR 628 million. This was the highest quarterly volume of real estate investment since Q1 2020and a 23% improvement on Q4 2020 volume."

"EQT Exeter has appointed international real estate advisor Savills as property manager for its very first investment in the Czech Republic."

"Full year performance very significantly ahead of expectations – FY22 outlook currently unchanged."

"According to Savills, total modern office stock in the city stayed at 3.74 million sq m at the end of Q3 2021. More than a quarter of the total stock is located in Prague 4, and together with the second and third largest submarkets (Prague 5 and Prague 8) these provide almost 60% of the city’s total office stock."

"The total volume of real estate investments in the Czech Republic reached EUR 328 million in the third quarter of 2021, being 24% below the previous quarter but 8% up year-on-year, according to Savills latest report."

"The office market underwent many changes during the pandemic. Although the importance of offices has been confirmed, they are now seen in a completely different way."

"Assessing real estate from a technical point of view, green certification, co-operation with developers and investors – these are trends that real estate consulting services are currently going for. Having learnt from the pandemic, clients are placing more and more emphasis on planning and appropriate consulting services."

"Savills in the Czech Republic, after managing the business through the first year of the pandemic, continues to build on momentum as the fourth quarter of 2021 approaches. Following penning deals including last year's sales of Astrid Offices in Prague for UBM and a retail warehouse portfolio for Mitiska (CR, Serbia), early this year the team closed on the EUR 77 million acquisition in Prague of the office building Parkview for Deka Immobilien. Savills is now involved in transaction processes for assets totalling over EUR 750 million. We talk to Stuart Jordan, Managing Director & Head of Investment, Savills Czech Republic about the experience across business lines since the pandemic, deals in the offing, the investment market today, and the company's plans for the near future.  "