"International real estate advisor Savills has expanded its Building & Project Consultancy team with the appointment of Vít Zelikov who joins as a project manager based at the company’s Prague office."

"Savills plc, the global real estate services provider, announces that its subsidiary Savills Investment Management has entered into an agreement to form a Strategic Investment Alliance with Samsung Life, the leading Life Insurer in Korea, and its real estate asset management subsidiary Samsung SRA."

"The volume of construction completions in Q1 2021 ranked among the lowest quarterly levels in the history of the Prague market, with only 3,500 sq m added to the office inventory. This is the least since Q1 2016 and demonstrating a 82% drop compared to the previous quarter. The decline is even more significant in a year-on-year comparison, showing a 85% drop."

"According to Savills latest report the development pipeline for the Czech industrial market reached the highest level in history in Q1 2021. There were 47 industrial buildings in various stages of construction with a total rentable area of 734,200 sq m across the country. Speculative projects represented 36% of this construction pipeline, which was well below the 10-quarter average of 46%."

"A total investment volume of €290 million was transacted in the Czech Republic during the first quarter of 2021, according to Savills latest research. Without the exceptional €1.3 billion Residomo portfolio sale transaction, the investment volume was only down by 8% y-o-y."

"According to Savills latest Impacts research, at EUR 5.30 per sq m / month, out of 54 markets analysed, Prague is one of the ten cheapest locations for renting a modern warehouse. In Europe only Antwerp (EUR 4.71 per sq m / month) and a number of submarkets in Poland with costs ranging between EUR 4.68 and EUR 4.98 per sq m / month are more cost-effective."

"The total stock of purpose-built student accommodation (PBSA) in Prague exceeds 28,400 beds. 91% of these capacities are in the ownership of universities and the remaining 9% is provided by the private sector, according to the latest Savills “Student Housing in Prague” report."

"Savills Czech and Slovak Republics (CZ&SK) has expanded its property management team with a number of new hires since the beginning of the year. The company has appointed Zuzana Černá as PM operations manager, Jan Šťastný as key account manager for the CIMEX portfolio and Tereza Wondráčková as property manager."

"The second half of 2020 saw a significant drop in office supply with only 40,900 sq m of new space delivered to the market, a decline of 63% compared to the first half of the year and 67% down y-o-y, according to latest Savills research."

"Full year performance reflects strength of globally diversified business."