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News

Retail

Prague strengthens its position as a retail leader as luxury brands Ermanno Scervino, Damiani and Pasquale Bruni enter the market

"According to the Savills Research European Retail Market, Prague and the wider Central and Eastern European region are set as key drivers of Europe’s retail recovery in 2025. The Czech Republic ranks among Europe’s best-performing economies. This year, real retail sales are expected to grow by 4.1% placing it ahead of many Western European markets such as Germany (2.7%), France (2.3%) and the United Kingdom (0.8%). Italy is even forecast to see a slight decline of -0.1%. Pařížská Street in Prague remains the region’s strongest luxury high street and continues to attract major global brands. Recent and upcoming openings include CHANEL, Ermanno Scervino, Damiani, Max Mara, and Pasquale Bruni."

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News

Industrial and Logistics

Sanborn is relocating its Znojmo-based production to the new AVENTIN Business Park

"The renowned engineering company Sanborn, one of the largest employers in Znojmo, will relocate its production capacities to the new AVENTIN Business Park industrial complex as of August 2026. The company, a leading manufacturer of components for the energy, petrochemical, aviation and defence industries, will lease nearly 8,000 sqm of premium space at the site. The long-term lease was brokered by Savills."

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News

Corporate News

Savills acquires majority stake in Alpina Holdings

"Savills has today announced the acquisition of a majority shareholding in Alpina Holdings, a Singapore based property and facilities management platform.  Savills will initially hold 70% ownership of Alpina, with options which will increase Savills ownership to 100% in 2030."

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Research

Ski Report: Aspen remains the most expensive in the world, Špindlerův Mlýn dominates in the Czech Republic

"According to Savills annual „Ski Report, which celebrates its twentieth edition this year, the American resort of Aspen has retained its position at the top of the Savills Prime Price League – the ranking of the world’s most expensive mountain properties – for the fifth consecutive year. Average asking prices for luxury residential properties there exceed €35,000 per sqm. Val d’Isère in France ranked second with prices reaching €32,500 per sqm, followed by Switzerland’s Gstaad at €30,700 per sqm, which moved up from sixth place year-on-year."

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Capital Advisory

SPM acquires Campus Science Park from Corebridge Real Estate Investors

"Campus Science Park, a modern business complex located in Brno, Czech Republic, has been acquired by the Czech investment group SPM. The complex was purchased from Corebridge Real Estate Investors (“CREI”) who developed the park in phases in partnership with developer White Star Real Estate. This best-in-class large-scale asset offers approximately 50,000 sqm of lettable area and holds LEED Gold certification. The transaction value made it one of the largest transactions in the office real estate segment in 2025 to date at a price exceeding CZK 2.3 billion. Savills, Clifford Chance, TPA and Sentient represented the seller with Wilsons, ASB and Cushman & Wakefield advising the buyer."

News

Building & Project Consultancy

Assessing carbon risk and climate vulnerability is becoming an integral part of major transactions, including Palladium

"Savills Building & Project Consultancy team provided REICO EAM with technical due diligence and transaction advisory services, complemented by an ESG criteria review, as part of the acquisition of the multifunctional Palladium complex. In addition to assessing compliance with the EU Taxonomy, calculating the carbon footprint, and verifying the Energy Performance Certificate (EPC) along with all relevant environmental certifications, Savills also prepared an Environmental Site Assessment I and a Climate Vulnerability Risk Assessment. The latter is considered above-standard on the Czech market and expands the overall analysis by evaluating the asset’s long-term resilience."

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Capital Advisory

Commercial properties worth EUR 2.5 billion are currently for sale in Prague – the highest volume in a decade

"According to Savills’ analysis, the volume of investments in the Czech commercial real estate market could reach up to EUR 3.9 billion in 2025. In Prague alone, commercial properties worth approximately EUR 2.5 billion are currently at various stages of sale –the highest amount of assets offered in the past ten years. The majority of the available properties are office buildings and mixed-use properties (combining retail and office space). Hotels and industrial or logistics assets represent a smaller share. The figures do not include residential projects."

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Building & Project Consultancy

Marek Koyš joins Savills to strengthen the company’s advisory services in strategic sustainability and ESG compliance

"Marek Koyš joins the Building & Project Consultancy team at Savills as Lead Sustainability Consultant. He is a strategic sustainability advisor with in-depth knowledge of European regulations and market trends. Marek brings extensive international experience from both Europe and Asia, where he supported corporations and startups in implementing legislative and market requirements related to sustainability and innovation."

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Offices

Domestic investors have taken control of the Czech real estate market and are expanding abroad

"According to Savills’ analysis, investment activity in the Czech commercial real estate market is now primarily driven by domestic capital. In the long-term trend, local capital accounted for one third of the total investment volume. Over the past three years, however, the balance has shifted dramatically – this year, Czech investors represent as much as 80% of all transactions completed to date. Moreover, Czech investment groups are no longer just local players, they are becoming respected investors across Europe. “By the end of the year, we expect the share of Czech investors to increase to as much as 90%. They have tremendous strength, confidence, and the capability to execute large-scale transactions. They are no longer passive seekers of investment opportunities but have become sought-after partners, actively acquiring assets throughout Europe,” says David Sajner, Investment Director at Savills."

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Offices

Premium offices in Prague’s city centre: vacancy at a minimum, construction stagnates, investment appeal grows

"According to Savills’ analysis, it is currently almost impossible to find vacant space in the highest-quality office buildings in central Prague. Vacancy in AAA properties has consistently remained at zero – vacancy remained at 0% at the end of Q2 2025, unchanged from the same quarter a year earlier. The last time it exceeded 1% was in March 2024, when it reached 1.65%."

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