"From August 2021, KGAL GmbH & Co. KG, a leading independent  European investment and asset manager based in Germany, has appointed international real estate advisory firm Savills as property manager for Prague’s iconic DRN building. Savills also continues to provide asset management services for the building, which it has been providing since July 2020.  "

"According to Savills, European multifamily is now firmly established as Europe’s second biggest real estate sector. At €24.1bn it captured 23% of the investment activity in H1 2021 across the 12 countries that the international real estate advisor monitors. This compares to a five-year average of 16%. Office investment was the highest, accounting for 28% of the total, at €29.3bn."

"From August 2021, KGAL GmbH & Co. KG, a leading independent European investment and asset manager based in Germany, has appointed international real estate advisory firm Savills as property manager for Prague’s iconic DRN building. Savills also continues to provide asset management services for the building, which it has been providing since July 2020."

"International real estate advisor Savills has appointed Matěj Baranek as an associate director of its Office Agency and Ondřej Šimek as associate of Occupier Services. They will be based in the Prague office."

"According to Savills, total modern office space in Prague increased slightly in Q2 2021 to 3.73 million sq m. Although subdued and still challenged by uncertainty, Q2 2021 saw a recovery in new supply as 49,500 sq m was delivered to the market across four new projects. Even though a decline of 57% is still visible in y-o-y comparison, new office supply for the second quarter is 10% above the pre-pandemic quarterly average*."

"Savills plc, the international real estate advisor, today announces its unaudited results for the six months ended 30 June 2021."

"Total commercial property investment volumes climbed to €426 million in the Czech Republic during the second quarter of 2021, according to Savills latest research. This represents a 42% increase compared to the same period last year and a 47% increase in investment activity compared to the previous quarter."

"Occupiers looking for quality workspace in Europe will face tough competition for the best space in the leasing market despite the most active period of new office construction in half a decade, Savills predicts. Newly developed offices set to complete in the region this year will provide 26% more space compared with 2020, says the European Office Development report."

"Savills has forecast the key ESG, investment and leasing trends for 2022 in 36 cities around the world as part of its 2021 global Impacts research programme. The international real estate advisor predicts that, globally, tech occupiers are set to dominate leasing activity, offices will be the most popular investment sector, prime real estate yields are set to remain largely static, and Asian cities are seemingly lagging behind others around the world when it comes to prioritising sustainable investment."

"New York, Los Angeles, London, Tokyo and San Francisco are the top five most resilient cities in the world, according to Savills, as they continue to harness their power as gateway locations, benefitting from a virtuous circle of large companies gathering to take advantage of business ecosystems and large talent bases, thereby attracting more talent, contributing to strong economic performance and robust real estate markets."