Business Immo, the real estate website

Valentin Aboulkheir

Analyst Valuation in Real Estate

Garth Ball

Director Building Consultancy

Laurent Barrière

Responsable développement commercial

Lydia Brissy

Directrice des études Europe

Nicolas Cahen

Head of Leasing Out of Town, Shopping centres & Retail Parks

Boris Cappelle

Chief Executive Officer

Gala Casali-Jacquier

Directrice du département Workplace Strategy

Nicola Ciavarella

Directeur, investissement

Pierre de Lavigne

Analyste grands comptes

Frédéric Dreano

Team Leader, activité bureaux Paris

Alexandre Fraigneau

Directeur transaction pôle logistique

Sabina Garevski

Directrice - Property Management

Maurice Gauchot

Senior Advisor

Charlotte Girard

Chargée de communication interne et externe

Damien Girard

Directeur grands comptes, équipes transactions

Mathieu Guillebault

Head of Residential Capital Markets

Nathalie Isotton

Responsable ressources humaines

Cyril Jeanney

Directeur transaction adjoint

Aymeric Le Roux

Directeur du département Agency

Fabrice Le Roux

Head of Workthere France

Vincent Lorach

Associé - Expert en évaluation immobilière

Elena Lutterkort

Head of Sustainability

Caroline Madelin

Consultante senior

Julia Maurer

European Research Analyst

Géraldine Ménard

Directrice du développement, property management

Florian Moreau

Head of Logistics

Philippe Morisseau

Associate Director - Responsable Grands Comptes

Christian Nehmé

Head of Retail Services France Investment & Lettings

Justine Rechaux

Consultante recherche

Cyril Robert

Directeur études et recherche

Florence Tondu-Mélique

Administratrice indépendante

Serge Vayer

Head of Occupier Services

Alexandre Wodka

Head of Investment

Joëlle Yarhi

Head of Retail Investment

Johanna Zini

Directrice du département Building & Project Consultancy (BPC)

Retail

Realty Income confirms acquisition of Decathlon portfolio for €527m

As revealed by Business Immo last November (see our article), US investor Realty Income Corporation has confirmed the sale-and-leaseback acquisition of a portfolio of (...)

Career

Gérald Hetyei joins Savills France as Regional Director

Savills France has recruited Gérald Hetyei (ex-Colliers) as Regional Director in the Office Agency department. He succeeds Gilles Matuszak, who is retiring from his (...)

Finance

Decline in SCPI inflows: what impact on the investment market?

For some months now, the debate about the state of SCPI funds has been raging among investors. Everyone has their own comments to make, (...)

Finance

French investors increasingly active in Spain, UK and Italy, says Savills

According to Savills latest research, French capital invested in European real estate totalled nearly €3.2bn in H1 2023, accounting for 10% of all cross-border (...)

Office

Tokoro Capital acquires Paris 9th’s 10 rue Henner for €50m

Tokoro Capital has returned to Paris for its latest acquisition. The London-based investment manager has acquired the 10 rue Henner, a 2,870 sqm office (...)

Retail

What's behind Gecina's sale of 101 Champs-Élysées?

Shortly before 7pm on Tuesday evening, Gecina shook off its torpor in a hitherto ankylosed investment market, awaiting a repricing, by issuing a press (...)

Office

Life Sciences property ready to make its mark in France

Life Sciences real estate - an asset class that encompasses the infrastructure occupied by the pharmaceutical, biotechnology and medical industries - has established itself (...)

Office

Will office transactions rebound faster in London?

According to a recent Savills survey, the correction in office prices is underway throughout Europe. But London seems to have completed its correction in April, (...)

Office

BNP Paribas REIM buys Paris 17th's 70 boulevard de Courcelles from Nuveen Real Estate

4,700 sqm of office space opposite Parc Monceau, in the 17th arrondissement of Paris: the characteristics of 70 boulevard de Courcelles, which until now (...)

Office

In Nanterre, within its own campus, Groupama takes over Crystal Défense

The Crystal Défense building in Nanterre has changed ownership. DTZ Investors made it official today via a press release. In the role of the (...)

Office

Paris CBD, a district like no other

What is Paris CBD? The question may make you smile, but... Everyone has their own definition of the district, "depending on the underlying real estate," (...)

Career

« Why I'm back in real estate consulting »

Business Immo : Boris Cappelle, what motivated you to recruit Maurice Gauchot to Savills France ? Boris Cappelle : Maurice Gauchot was my chairman (...)

Housing

Bouygues Immobilier partners with Ares Management to develop its coliving offer

Bouygues Immobilier has partnered with a fund managed by Ares Management to create an investor-operator platform with an investment capacity of €450m to launch (...)

Career

France's real estate industry must strengthen its skills in the face of the crisis

The uncertain macroeconomic and geopolitical context, which points to the possibility of a recession at a time when the climate emergency and changing practices (...)

Retail

Luxury giants LVMH and Kering have a "totally different vision than an ordinary investor"

The luxury industry is not experiencing a crisis. The "record" year 2022 signed by LMVH, despite the geopolitical and economic situation, attests to this: (...)

Finance

Investing in Europe: how to approach 2023

Some courageous investors and advisors have spoken out since last December and have given us their vision of the markets in which they operate. (...)

Logistics

Stam and AIMCo sign two new assets for Highlands II

Stam FIM, manager of the Highlands II SPPPICAV, held by a Luxembourg fund in which Alberta Investment Management Corp (AIMCo) is the main investor, (...)

Finance

French brokers facing the crisis: how will they manage their workforce?

During November, CoStar News* reported that CBRE, JLL, Cushman & Wakefield, Newmark, Colliers, and Avison Young were all anticipating cost-cutting and cost-reduction measures to (...)

Housing

Already €11.7bn invested in the student residence segment in Europe after Q3 2022 (Savills)

According to Savills, the total volume of investment in the student accommodation sector in Europe reached €11.7bn in the first three quarters of 2022, (...)

Finance

Towards a more defensive approach by investors in Europe

According to a Savills survey of investors and asset managers in Europe and the Middle East, the top five investment sectors for the next (...)

Retail

BNP Paribas REIM acquires a 34,500 sqm retail park

BNP Paribas REIM, on behalf of the SCPI Accimmo Pierre, has signed the "Mon Beau Buchelay" retail park located in the town of Buchelay, in (...)

Office

Savills now boasts a 360° service in France

Savills is rolling out its 360° service offering announced at the beginning of the year (see our interview with Boris Cappelle on 9 February (...)

Office

Paris tops the list of European cities where the return to the office is most prevalent (Savills)

According to the latest research from Savills*, the international property consultancy, the business districts of Paris (54%), Madrid (52%) and Cologne (47%) had the (...)

Career

Alexandre Wodka appointed as Head of Investment at Savills France

On Monday 5 September, Savills France announced the arrival of Alexandre Wodka as head of the investment department of the French international property consultancy. Alexandre (...)

Logistics

Segro France buys 50,000 sqm logistics building in Plessis-Pâté

Segro France has strengthened its partnership with ID Logistics with the acquisition of a logistics building in Plessis-Pâté, in the heart of the former (...)

Office

The office will be social or it won't be

While teleworking is becoming commonplace and digital tools are abolishing distances, the office remains essential for 87 % of employees1. On one condition, however: that (...)

Office

5.7 million sqm of office space to be delivered in Europe by 2022, according to Savills

According to Savills, over 5.7 million sqm of new office space will be delivered in Europe in 2022, 49% of which is already let. (...)

Career

Savills France creates a Workplace Strategy Department

Gala Casali-Jacquier has just been appointed Director of the newly created Workplace Strategy department at Savills France, which is responsible for assisting companies with (...)

Office

Strong growth on French operated office market (Savills)

According to the latest study by Workthere, Savills' platform for coworking spaces, demand for operated office space has risen sharply over the past year (...)

Office

Credit Suisse, Redblue and CF Invest acquire Paris 2nd's 12 rue de la Paix

Redblue, CF Invest, an investment company of ClubFunding Group, and a real estate fund managed by Credit Suisse have just acquired the building at (...)

Career

Savills France entrusts the reins of its logistics department to Florian Moreau

In order to continue the development of its logistics property department, Savills France has recruited Florian Moreau as Head of Logistics. He has been (...)

Finance

"Savills France continues to diversify from a business a geographical point of view"

Business Immo: The Covid-19 pandemic has had a major impact on property markets over the past two years. What is your assessment of Savills? Boris (...)

Office

AEW acquires Campus Paris Clichy from the GDG group

AEW, on behalf of the SCPI Immo Evolutif and Laffitte Pierre, has acquired the new "Campus Paris Clichy" property complex from the GDG group. (...)

Office

Paris, the second most attractive European city for fintech companies (Savills)

In its latest European Fintech Occupier Outlook, Savills ranks Paris as the second most attractive European city for fintech companies, behind London. In 2020, (...)

Housing

Real I.S. Modern Living fund makes first acquisition in France

On behalf of the alternative investment fund Modern Living, Real I.S. AG has acquired a portfolio of three retirement homes in Suresnes, Enghien-les-Bains and (...)

Housing

Student housing: demand to intensify in Europe (Savills)

Sustained growth in student numbers across Europe will drive demand for student accommodation over the next five years in all major European university cities – particularly (...)

Retail

Commerz Real sells shopping centre in Orange to Bradford AM for €35m

Commerz Real has sold the Orange Les Vignes retail park, located in the city of Orange, to Bradford AM for €35m. Since its completion (...)

Health / Senior

Seniors' and nursing homes: €4bn invested in Europe in H1 2021

The European senior and assisted living sector has seen a record level of investment in the first half of 2021. According to Savills figures, (...)

Logistics

Segro acquires an urban distribution platform in Gonesse

Segro has signed the acquisition of the Segro Logistics Centre Gonesse II, via the purchase of a property lease. Located in the heart of (...)

Office

CBRE GI sells Paris 8th's 17 rue d'Astorg to Zurich Insurance Group

CBRE Global Investors has acquired an office building located at 17 rue d'Astorg in the 8th arrondissement of Paris from a French institution on (...)

Finance

What French investors want internationally

A sustained level: that's how you'd define the French interest in international investment for years. In 2020, however, in detail, the geography has shifted (...)

Office

Paris' real estate still attractive to investors - Savills

According to Savills, yields for prime office and logistics assets are expected to continue to fall across Europe this year, with an expected compression (...)

Territories

British Normandy Memorial inaugurated in Ver-sur-Mer

On the occasion of the ceremonies marking the 77th anniversary of the Allied landings in Normandy, the British Normandy Memorial located in Ver-sur-Mer (Calvados) (...)

Office

La Française REM acquires a 17,008 sqm complex from AG2R La Mondiale in Montreuil

La Française Real Estate Managers (REM) has acquired from AG2R La Mondiale an office building at 26 rue de Valmy in Montreuil, on behalf (...)

Housing

"The French student housing market is accelerating"

Business Immo: You joined Savills last October as co-director of the Residential Capital Markets department after having previously been at CBRE in the same (...)

Finance

Savills expects European CRE investment volumes to range between €250bn and €280bn in 2021

Hampered by the Covid-19 pandemic, European commercial and residential investment volumes reached approximately €258.3bn in 2020, a recent study from Savills reports, down 17.8% (...)

Office

Batipart buys Paris 13th's 28-34 rue du Château-des-Rentiers from Sweden's EQT

Batipart, alongside partners (ACM, Covéa and BNP Paribas Cardif), has acquired a 15,400 sqm office building located at 28-34 rue du Château-des-Rentiers, in the 13th arrondissement of (...)

Career

Savills France appoints Fabrice Le Roux as Head of "Workthere"

Fabrice Le Roux joins Savills France as head of Workthere, a consultancy and platform dedicated to the search for flexible office and coworking space (...)

Office

"Paris is playing a key role in the global tech economy"

In a new BiTV Interview, we welcome Cyril Robert, Head of Research at Savills France, to discuss the main findings of the Tech Cities report recently (...)

Career

Sébastien Nida joins Savills France as Regional Investment Director

As part of its development in French regions, Savills France has appointed Sébastien Nida as Regional Investment Director. Based in Lyon, he will be (...)

Career

Mathieu Guillebault joins Savills France as co-head of Residential Capital Markets department

Mathieu Guillebault has just been appointed co-head of the Residential Capital Markets (RCM) department at Savills France, alongside Raymond Genre-Grandpierre. He was previously an (...)

Finance

"Europe is looking more resilient than other continents in terms of investments"

BiTV Interview welcomes Lydia Brissy, Director of European Research at Savills. With her, we will take a close look to the European investments, the French (...)

Logistics

The health crisis should boost demand for logistics space - Savills

E-commerce has played an essential role in the lives of many Europeans since the lockdown and has reached an unprecedented proportion of total retail (...)

Finance

Paris is on the European CRE investment post-Covid podium - Savills

The extent of the Covid-19 epidemic and its consequences on the real estate investment market is still uncertain. Nevertheless, some European cities are already (...)

Office

Commerz Real entrusts its Ile-de-France property management to Savills France

The Property Management department of Savills France, headed by Sabina Garevski, has won the tender launched by Commerz Real for the management of its (...)

Logistics

Savills France launches a logistics business unit

Savills France has just launched a new department dedicated to logistics real estate and has appointed Alexandre Fraigneau as Director of Logistics Transaction. Alexandre Fraigneau, (...)

Retail

Retail sale and leaseback transactions expected to pick up post Covid-19 - Savills

Retail sale and leaseback (SLB) transactions are expected to pick up again after the Covid-19 pandemic has passed, according to Savills latest Market in (...)

Finance

Global real estate agencies withdraw from Expo Real 2020

Global real estate agencies Cushman & Wakefield, JLL, CBRE, Savills and Avison Young have canceled their participation in Expo Real, citing the risks associated (...)

Housing

Monaco remains the most expensive residential market in the world - Savills

Monaco remains the most expensive location for residential property with an average price per square metre of over €48,000, according to Savills data. Within (...)

Office

Savills IM buys Paris 8th's 35 Bassano for €40m

Savills Investment Management has announced the acquisition, on behalf of a foreign investor and as part of a sale and leaseback, of 35 rue (...)

Office

French REIT/SIIC Gecina sells 3,900 sqm office building in Boulogne-Billancourt for €36.6m

French REIT/SIIC Gecina has finalised the sale of 54/56 avenue du Général-Leclerc, in Paris’ suburb Boulogne-Billancourt, for €36.6m. The fully occupied 3,900 sqm multi-tenant office (...)

Office

How is the office sector reacting to the coronavirus epidemic? – Savills

In the wake of the coronavirus pandemic that led to the mass closure of offices and the switch to telecommuting for many employees, Savills (...)

Housing

Paris luxury residential market continues to grow in Paris - Savills

The Parisian market for exceptional properties grew by 6.4% in 2019, compared with 4.5% the previous year, according to Savills’ Paris Luxury Residential Market (...)

Office

French commercial real estate hits record highs in 2019

To say the French commercial real estate market finished the year strong to beat its 2018 record would be an understatement. “A year-end rally (...)

Office

UK’s InfraRed and Paris-based Hemisphere sell Konect building in Saint-Ouen

London-based InfraRed Capital Partners and Paris-based Hemisphere have sold the 11,500 sqm Konect office building, in the Paris suburb of Saint-Ouen, to a structure (...)

Retail

Keys AM acquires a 13,750 sqm retail portfolio from Compagnie de Phalsbourg

Paris-based Keys Asset Management has acquired, on behalf of two of its funds, a 13,750 sqm portfolio consisting of three retail assets located in (...)

Office

Foreign investment into Nordics approaches 5yr high €42bn, matching 2018

Foreign property investment into Nordic markets this year should reach a five-year high at €42bn, matching 2018 in volume as yields continue to compress, (...)

Office

[REPORTAGE] What is it that makes investors run to La Défense?

Often considered too cold, too mineral or even too mono-functional, La Défense is the object of all desires. Investors - led by South Koreans (...)

Retail

Outlets: is the enduring retail asset coming out of its niche?

“In the current wider retail malaise context, outlet centres investment activity has been relatively strong over the course of the past five years, and (...)

Finance

Outside of Paris, opportunities are on the rise

French commercial property investment reached €13.8bn in the first six months of 2019, a 3% jump more the €13.4bn recorded last year and 48% (...)

Office

Greater Paris office take-up falls 19% in 1H19, but new resilience appearing

Office take-up in the Greater Paris region fell by 19%yy in the first half, but everything indicates that it has a new resilience, with (...)

Logistics

US-based Hines adds 117,000 sqm Netherlands business park/office space

US-based Hines has acquired the ABC Westland business park in the Netherlands, 13 buildings encompassing 117,000 sqm of logistics warehouse and commercial office space. No (...)

Finance

New actors on the European stage

“When it comes to equity, European real estate is like a busy nightclub – as soon as one group leaves, another seems to be (...)

Finance

European investors are going to beds

"Demographic change, rising house prices and supply shortages have established residential alternatives as desirable investments with positive rental growth prospects," says Savills in its (...)

Finance

European 2019 CRE investment to hit €230bn, beating €200bn for 6th year - Savills

European commercial real estate investment should reach €230bn this year, beating the €200bn-mark for an unprecedented sixth year, says international adviser Savills.  The forecast underlines (...)

Finance

Europe still offers core, value-add opportunities in specific markets, sectors - Savills

Office, standing stock, developments or refurbishments, continues to offer opportunities for core and value-add real estate investors in Europe, says adviser Savills. In value-add (...)

Office

France surges ahead on the global stage

Associated for a long time to rigid labor laws and social immobilism that hindered its economy, France elected 39 years old liberal ex-banker Emmanuel Macron, (...)

Housing

1H European multi-family resi investment surges to 5yr record 17% - Savills

Multi-family residential investment as a proportion of all CRE spend in Europe surged in the first half to 17%, almost €20.5bn and the highest (...)

Retail

Retail, logistics lines blurring, yield gaps narrowing - Savills

The line distinguishing European retailers and logistics is, like their yield differences, becoming increasingly blurred, says adviser Savills. Retailers adapting to omni-channel strategies including (...)

Office

Poland office to more than double to 24m sqm in 10 years - Savills

Modern office stock in Poland, already at 10m sqm, is likely to more than double to 24m in the next 10 years, says international (...)

Office

Italian office refurb, French PRS offer new opportunities - BNPP REIM's Knoflach

Italian office refurbishment and French rental housing development are emerging as two real estate opportunities in Europe, says Barbara Knoflach, Global head of Investment Management (...)

Retail

Germany : commercial investment market - Q4 2017

Transaction volume increases to €57.1bn despite lower amount of deals.  Commercial property changed hands for almost €57.1bn in 2017, an increase of 4% compared with (...)

Investment

Netherlands - Q1 2018

The Dutch economy has been growing for 14 consecutive quarters and reached a GDP growth of 3.0% YoY in Q3 2017. It outperforms the European’s (...)

Housing

Germany : residential investment market - Q4 2017

Transaction volume driven by rising prices – boom in developments.  Residential property and residential portfolios changed hands for €13.7bn in 2017, representing an increase of (...)

Investment

Germany : Investment Market monthly - December 2017

Rising prices produce higher investment in the commercial and residential sectors.  Commercial investment market The commercial investment market closed the year with a transaction volume (...)

Office

Germany : office markets - Q4 2017

Record take-up and increase in rental level in 2017 - Coworking is booming.  The top six German office lettings markets enjoyed a record year in (...)

Investment

Northern Ireland : Investment Snapshot - 2017

The global economy continues to perform strongly with the IMF pencilling in GDP growth of 3.6% in 2017 and 3.7% in 2018. Inevitably this (...)

Investment

European property themes 2018

Property will remain an asset class of choice.  Positive economic outlook will drive occupier demand for business space in 2018. Shortage of high quality accommodation (...)

Office

European Offices - december 2017

Prime CBD rents are on average 1.7% above their peak rents and will continue to grow in 2018. In Q3 2017, prime CBD rents (...)

Retail

Ireland : Retail - december 2017

Ireland’s economy continues to perform well with total output expanding by 5.8% per annum – a considerably stronger growth rate than the 2% being (...)

Investment

Outlook for the German real estate market - December 2017

An increasing number of end-of-cycle phenomena are causing widening concerns although, based upon the facts, there is still no end to the cycle in (...)

Green

Renewable Energy - Solar Parks: A bright future for investors and land owners

In the Paris Agreement it was agreed that nations would work together to keep global temperature increase this century well below 2°C (above pre-industrial (...)

Office

Dublin : Offices - Q3 2017

Ireland’s economy continues to perform exceptionally well with output now rising at a rate of 5.8% per annum (compared with 2.0% across the EU (...)

Investment

Southern Europe: The PIGS are biting back

Different stages of the recovery are leading to different opportunities. The investment volume in Southern Europe totalled nearly €13.1bn in Q1 Q3 2017 and is (...)

Investment

Germany : Investment Market monthly - November 2017

Commercial transaction volume of €60bn - perhaps not? Commercial investment market With a transaction volume of almost €5.7bn, November was an above-average month in (...)

Housing

Shifting Ownership in Ireland’s Private Rented Sector

In October 2016 Savills published A Rent Forecasting Model for the Private Rented Sector in Ireland. That report combined unpublished CSO statistics on housing (...)

Office

World Office Yield Spectrum - 2H 2017

Expectations of higher interest rates have remained just that, expectations. Uneven economic data as well as rising geo-political tensions have combined to create an (...)

Logistics

Dublin Industrial Market - Q3 2017

Ireland’s economy continues to perform well with total output now rising by 5.8% per annum. On the domestic front, personal consumption remains supportive. Further (...)

Retail

European Retail Warehouses - November 2017

The retail warehousing sector has had a tough decade, challenged by changing consumer habits and rising competition from e-commerce. Consumer spending in Europe dropped from (...)

Housing

European Multifamily - November 2017

The residential sector as we used to know it is changing. There are several subcategories under the broad term ‘residential real estate’ including housing/apartments, (...)

Investment

Sweden Investment - Q3 2017

Transaction volumes remain at historically high levels Sweden is characterised by a strong expansionary monetary policy and the Swedish economy is expected to grow (...)

Innovation

Flexible workplaces in Poland

Nowadays flexible working is greater than ever before and requires flexible solutions and therefore serviced offices and coworking spaces are on the rise in (...)

Investment

Germany : Investment Market monthly - October 2017

Cyclical peak reached in the commercial market? Weakest monthly volume since 2014.  Commercial investment market With a transaction volume of just €2.2bn, October was the (...)

Innovation

Poland : Social Shopping Centers

A broad entertainment offer and high-quality restaurants count for more than proximity to a shopping centre or an attractively-priced F&B offer, reveals a survey (...)

Investment

Asian investors’ buying spree in Europe - October 2017

According to our first estimations, Asian investment in Europe since the beginning of the year reached €23.2bn in Q3. This is a 57% increase (...)

Investment

French investment in Germany - September 2017

French investment in Germany totalled almost €1.5bn in the first half of the year, compared to €1.4bn during the same period last year. Hence, (...)

Retail

Germany : Commercial investment market - Q3 2017

Transaction volume rises by a fifth - yield compression in secondary locations.  Commercial property changed hands for a total of approximately €40.2bn during the first (...)

Office

European offices : The battle for brainpower

With business sentiment rising and unemployment falling across Europe, attracting and maintaining talent has become a challenge for employers. The EU28 unemployment rate was (...)

Office

Germany : Office markets - Q3 2017

Despite the increasingly scarce supply, record take-up for 2017 ahead.  Despite the increasingly scarce supply, office take-up has risen significantly year on year (...)

Investment

Germany : Investment Market monthly - September 2017

Prime yields may have reached the low point - and remain there for a long - time.  Commercial investment market Although German commercial real estate (...)

Housing

Germany : Residential investment market - Q3 2017

Smaller locations and portfolios, more new builds and even higher prices.  The transaction volume for German residential property in the first three quarters of the (...)

Housing

The Netherlands : Residential property market - Q4 2017

In 2016 we saw the outcries about the Amsterdam and Utrecht residential markets becoming overheated, which resulted in an increase of the average selling (...)

Logistics

The Netherlands : Logistics Property Market - Q4 2017

The transport and logistics sector in the Netherlands plays an important role within the Dutch economy. Over 23.5% of all employees work in the trade (...)

Office

Dublin : Offices - Q2 2017

Dublin’s office market continues to enjoy the support of a rapidly expanding economy. Output growth accelerated from 5.1% per annum in Q1 to 5.8% (...)

Investment

Briefing Note - European Investment

GDP in the Eurozone grew 0.5% in Q2 2017; the second highest growth since the economic crisis. Economic sentiment is at a multi-year high (...)

Office

Madrid Offices - Q2 2017

The Spanish economy continues to grow in line with expectations, albeit at a slightly more subdued rate. The annual growth forecast stands at between (...)

Logistics

Germany : logistics and industrial investment market - Q2 2017

The acquisition of the Logicor portfolio by CIC has been by far the largest European real estate transaction of the current year. The German (...)

Retail

Germany - Restaurant expansion in shopping centres: path to success or a wrong turn?

People are eating away from home with increasing regularity. Many shopping centres are responding to this appetite for eating out with a larger restaurant (...)

Retail

Ireland : Retail - August 2017

Last year’s economic momentum has carried into the opening half of 2017. GDP growth has accelerated to 6.1% per annum – compared with 2.4% (...)

Investment

Nordics, the new core?

The investment volume in the Nordics totalled nearly €19bn in H1 2017, in line with the very high volumes recorded over the past three (...)

Investment

Germany : Investment Market monthly - July 2017

The entry of Asian investors into the market has been mooted for a long time. However, only this year have Asians actually become direct (...)

Green

The German forestry market - July 2017

Forests account for the second largest land use in Germany behind agriculture. Around a third of the surface area of Germany is covered with (...)

Housing

The Global Financial Crisis : How the credit crunch transformed the UK housing market

The effects of the Global Financial Crisis, which began in 2007, are still being felt a decade later, and will continue to influence the (...)

Investment

Germany : Investment Market monthly - June 2017

Highest half-year transaction volume since 2007! The commercial investment market remains on a record trajectory with industrial and logistics property making a substantial contribution (...)

Retail

Germany commercial investment market - Q2 2017

Commercial property changed hands for a total of more than €26bn in the first half of the year (Graph 1, Tab. 1). Only in (...)

Housing

Germany residential investment market - Q2 2017

Even the rental cap and other housing policy interventions are evidently unable to diminish investors’ interest in German residential property. The transaction volume in (...)

Office

The future for serviced offices in Europe

The growth of serviced office space is disrupting the conventional commercial real estate market. The demand for serviced offices is rising significantly in a (...)

Investment

Dublin - a growing financial market

M&A activity in 2016 was ten times above the 10-year average. This is leading to strong occupier demand and take-up in 2016 was 30% (...)

Office

Madrid : Core tightens, but room to grow elsewhere

Madrid is currently an attractive option for tenants: 1) The overall vacancy rate stood at 10.3% at the end of Q1 2017 with the CBD (...)

Office

Germany office markets - Q2 2017

Demand for space in the six largest German office markets remained high in the second quarter while take-up increased further (Graph 4). This resulted (...)

Office

Dublin Offices - Q1 2017

Recent data underscore the increasingly dominant role of Dublin as a driver of economic growth in Ireland. Census figures reveal that the capital’s population (...)

Housing

Irish Country Homes - Q2 2017

Ireland’s economy continued its strong run in 2016 with growth of 5.2% making it the best performing economy in the EU for the third (...)

Office

European Office Market - Q1 2017

Falling unemployment rates and business expansion are leading demand across Europe. Companies, who had previously been putting off making relocation decisions until the economy (...)

Office

@Służewiec: #live #reside #work

Służewiec represents the history of the Polish property market in a nutshell. When the first modern office building was delivered to the market in (...)

Investment

Europe : Record low yields and they continue to harden

Following the completion of the first round of elections in Europe, in the Netherlands and France, with the threat of anti-EU parties alienated, the (...)

Housing

Student housing Germany

The number of students in Germany reached a new record level of approx. 2.8m in the 2016/17 winter semester. The number of foreign students (...)

Hospitality

Megatrends Travel – The changing hotel, tourist and destination

Over the past decade, the number of silver travellers (travellers aged 65+) has been rising and with 48.1% of EU citizens aged 65+ travelling (...)

Investment

Germany : Investment Market monthly - May 2017

In view of the continued high level of transactions last month (Table 1) and the very full deal pipeline, we are raising our projected annual (...)

Housing

Student Housing in the Netherlands : An asset class in its own right

The introduction of the student loan system in 2015 caused a temporary dip in enrolments. However, as anticipated in our Spotlight report last year, (...)

Logistics

Dublin Industrial Market - Q1 2017

For the 3rd year in a row Ireland remained the EU's fastest growing economy in 2016 and latest figures show that output is expanding (...)

Office

Madrid offices - Q1 2017

The muted results posted for the occupier market in Q1 2017 came in stark contrast to the sharp growth seen in average closing rents. As (...)

Investment

Netherlands : Time for new prime

The Dutch economy grew by 3.4% yoy in 2017 Q1, the highest growth since the 2008 financial crisis. All economic key figures are showing (...)

Office

Manchester : Office - May 2017

The first quarter of 2017 has been driven by smaller deals. Take-up in Q1 2017 reached 208,233 sq ft, which is 3% up on the (...)

Investment

Germany : Investment Market monthly - April 2017

April saw a seamless continuation of this year’s extremely strong investment activity. If the current momentum is sustained until the end of the year, (...)

Office

Katowice offices

Katowice is the fourth largest regional office market in Poland. Office stock in the city at the end of Q1 2017 stood at 447,100 (...)

Office

The Occupier’s Perspective: Banking on Warsaw

Favourable tenant market – occupiers benefit from: 1. High availability of Grade A office space (720,000 sqm of modern space across Warsaw); 2. Strong (...)

Housing

Is Rent Freedom a Silver Bullet?

Housing associations are focused on how to deliver more affordable homes for rent. Financing development hinges on a stable rent roll. The Government has (...)

Housing

UK Student Housing - 2017

Investors continue to pay premiums to aggregate greater student bed numbers. 68,000 beds traded last year with a total value of £4.5bn. In 2017 we (...)

Housing

What the lead indicators tell us this month

Our forecasts for 2017 anticipated a high level of uncertainty as Brexit negotiations started. The announcement of a General Election on 8th June is (...)

Housing

UK Residential Development Land - 2017

Rising demand for land in regional cities. Regional cities are seeing increasing land values as demand for sites grows. Land within Birmingham, Manchester and Glasgow (...)

Retail

Germany commercial investment market - Q1 2017

Commercial property changed hands for a total of more than €12bn in the first quarter of the year (Table 1+2). This represents the strongest (...)

Retail

UK Shopping Centre and High Street Spotlight

While the current level of retail sales growth remains robust, we question whether shoppers can continue to spend at this level by dipping into (...)

Innovation

Retail Revolutions : From Digital to Physical

Online retail has generated a structural shift in retailing. For increasingly time poor consumers, the convenience offered by online retailers has become all the (...)

Housing

Spotlight on Monaco 2017

Monaco is home to world-class sporting and entertainment events, successful sports teams and a royal family. With a population of 38,400, it is a (...)

Housing

Prime London & Country - 2017

It’s a rare moment when we can say that the prime housing markets beyond the capital have performed better than London. But that has (...)

Housing

Prime Country : Residential Markets - april 2017

The prime country residential markets saw an increased level of growth in the first three months of this year, though it remained relatively modest. (...)

Housing

Prime London : Residential Markets - april 2017

The rate of price falls across the prime London residential markets notably slowed in the first three months of this year. Could this be (...)

Innovation

Megatrends Logistics – How will trends in modern life and technology impact logistics real estate?

Since the age of containerisation, global supply chains have revolved around production in China, shipping to Europe and America, an onward movement to national (...)

Investment

European Investment Briefing - February 2017

Despite the drop (-15% yoy) in total investment volumes, 2016 was another year of strong activity; the third highest on record since 2006 at (...)

Housing

Residential Property Focus : How much is the UK worth?

Calculating the value of the UK’s housing stock not only throws up some fascinating figures, it also illustrates the issues facing the market. Once a (...)

Housing

Brexit Briefing #2: The Impact on the Central London Office Market

Uncertainty will be a drag on activity, but London still looks comparatively attractive. Despite some recent clarity on what path the UK government hopes to (...)

Housing

Prime London : Residential Markets - january 2017

Higher taxes and political and economic uncertainty have continued to suppress prime London residential values throughout 2016. However, as prices have become more aligned (...)

Retail

European Retail Markets 2016-2017

Despite the strong growth of online sales across Europe (12% yoy in 2016), the majority of retail sales still takes place in physical stores (...)

Office

Marché des bureaux en Europe

Dans sa dernière étude du marché des bureaux en Europe, Savills constate que le niveau des livraisons de bureaux, a de nouveau chuté en (...)

Housing

The Netherlands : Residential property market - Q4 2016

Not a day goes by without some sort of residential news showing up in the headlines. Since 2014 this news has generally been positive, (...)

Housing

The Netherlands : Investments towards € 13 bln by year-end

The Dutch economy grew by 2.4% yoy in Q3 2016, substantially higher than the EU average (1.8%) and surrounding countries (Germany 1.7%, Belgium 1.2%; (...)

Investment

Outlook for the German real estate market in 2017

Finding property will be even more challenging for investors and occupiers alike in 2017. With further initial yield compression likely to be no more (...)

Retail

Ireland : Retail - Q4 2016

Despite increased political uncertainty across the world Ireland’s economy has continued to perform well since our last report. Total employment is rising by 2.9 (...)

Office

Dublin : Offices - Q4 2016

Despite increased political uncertainty across the world, Ireland’s economy continues to perform well. Total employment is now rising by 2.9% per annum – the (...)

Housing

Aberdeen Area : Residential Market - winter 2016

The impact of Aberdeen’s oilshock has resulted in a 24% fall in sales, yet there is little evidence of a corresponding reduction in property (...)

Office

Madrid : Offices - Q3 2016

The occupier market performs well despite the lack of mega-deals (>10,000 sq m). Y-o-y take-up figures and number of deals signed for spaces <10,000 (...)

Innovation

Megatrends Leisure – How will we be wining, dining and socialising in 2025?

The leisure industry has changed remarkably over the past decade and the next decade will see further changes affecting how we spend our money (...)

Logistics

Dublin : Industrial Market - Q3 2016

Ireland’s economy has continued to outperform since our last report. Employment is now rising by 2.9 percent per annum – the third fastest growth (...)

Investment

Germany : Investment Market monthly - October 2016

University cities have repeatedly been cited as an alternative to the top seven cities in recent years when it comes to seeking low-risk investment (...)

Hospitality

12 Cities - Occupying and investing in world city real estate

Selon une nouvelle étude Savills, les visiteurs d'une ville viennent grossir sa population de 3 % par nuit en moyenne, un chiffre qui représente de (...)

Housing

Residential Property Focus - Q4 2016

Forecasting in the aftermath of the Brexit vote is difficult, but its impact on the property market is considerably less than that of the (...)

Innovation

Office of the future? A comparative study of the office of tomorrow from the perspective of Generations X & Y

THE office of the future? There is no such thing! Neither career starters or young professionals from Generation Y nor experienced professionals/office personnel from Generation (...)

Housing

UK : East of City - winter 2016/17

Since the 1980s, Canary Wharf has transformed from what was once one of the busiest docks in the world to become an area well-known (...)

Health / Senior

European care home investment

The care home investment volume since the beginning of the year reached approximately €2.6bn. This is 60% higher than during the same period last (...)

Investment

Germany : Investment Market monthly - September 2016

The transaction volume for retail property during the year to date has fallen by 46% year on year to €8.8bn, representing an even stronger (...)

Office

Germany : office investment market - Q3 2016

Vacant office space is becoming a rare sight in Germany’s major cities. Demand for office space remained very high throughout the summer of this (...)