"Sale and leaseback transactions (S&LB) in Europe reached a total of €8.4bn in 2020, 8.5% higher than the five year average, with the trend set to continue into 2021 according to Savills."

"Modern industrial stock in the Czech Republic grew by 314,800 sq m in H2 2020, indicating a mild (7%) decline in construction activity compared to H1. The total industrial inventory intended for lease according to latest Savills report totalled 9.11 million sqm and 62% of the total inventory was held within the three largest submarkets of Prague (3.21 million sq m), the Pilsen region  (1.33 million sq m) and the South Moravia region  (1.15 million sq m)."

"Investment volume in the Czech Republic amounted to €797 million in H2 2020 with 60% of the H2 transaction volume (i.e. €478 million) being for properties located in Prague, according to latest Savills research."

"Savills has appointed Martin Moučka and Jana Špačková as property managers for the Immofinanz portfolio it manages in the Czech Republic."

"Deka Immobilien has acquired the grade A office building, Parkview, in Prague from renowned developer Skanska for €77 million."

"Against the backdrop of the COVID-19 pandemic, the Group has delivered a resilient full year performance reflecting both the robustness and geographic diversity of our business and the mitigating actions taken by staff across the globe."

"Savills in the Czech and Slovak Republics has hired Soňa Bezányi to lead its Human Resources department with immediate effect. Soňa is based in the firm’s Prague office and will be responsible for all HR matters, bringing a wealth of experience in employee care, training and development, and best practice."

"According to Savills latest research, total property investment activity in the Czech Republic, Poland, Slovakia, Hungary and Romania for Q1-Q3 2020 was €7.6bn, the third highest volume on record, despite the global Covid-19 pandemic. Total investment volumes by year-end are forecast to surpass €10bn, which would be in line with the five-year average."

"According to Savills latest research, Prague’s office real estate market is fairly priced despite some minor outward prime yield movement during the first half of the year. This broader continent-wide outward yield movement has helped push the average yield spread between prime European offices and Eurozone government bonds to 325 basis points, more than 100 bps above the historic average."

"IMMOFINANZ has appointed international real estate advisor Savills as sole property manager for its portfolio of seven office buildings in Prague, Czech Republic, with effect from January 2021. The total floor area of the assets is approximately 123,000 sq m."