Business Immo, the real estate website

Perrine Abrard

Head Of Marketing Communications

Fabrice Adès

Consultant senior

Alexandre Boucly

Director Retail Investment - Co-Head of Retail Department

Lydia Brissy

Directrice des études Europe

Alain Brunschweiler

Directeur du développement et de la stratégie

Axel Brunswick

Consultant sénior, département Agency

Thomas Canvel

Managing Director - Investment

Boris Cappelle

Chief Executive Officer, Savills France

Cédric Chirouze

Consultant spécialisé en espaces de bureaux flexibles (coworking et centres d'affaires)

Nicola Ciavarella

Associate director, département Investissement

Pascal Dauvois

Directeur grands comptes

Clémence De Cambourg

Associate director, département Investissement

Christophe De Cambourg

Senior Consultant - Offices department - Paris

Christophe Dejeune

Consultant senior au pôle agency

Hervé Desèvre

Senior Advisor

Cédric Diguère

Associate - Tenant representation - worldwide occupier services

Mathias Dunas

Directeur de Savills Valuation

Catherine Erith

Directeur adjoint du département Expertise

Romain Froger

Senior analyst investment

Sabina Garevski

Directrice - Property Management

Raymond Genre-Grandpierre

Directeur Residential Capital Markets France

Nathalie Isotton

Responsable Ressources Humaines

Laurence Jacquier

Assistante communication commerciale

Charles Jouan

Associate, département investissement

Annabelle Joyaux

Directrice Conseils - Audits - Valuation

Gaëlle Lay

Consultant High Street, Retail Department

Florence Leibovitch-Neu

Directrice au sein du département Expertise

Benjamin Liévin

Associate, Retail Department, Retail Parks and Shopping Centers

Marie-Josée Lopes

Head of Research France

Vincent Lorach

Associé - Expert en évaluation immobilière

Ariel Marelli

Directeur de l'entité small cap investissement

Fatima Marquis

Chargée de mission communication et relations presse

Julia Maurer

European Research Analyst

Géraldine Ménard

Directrice du développement, property management

Augustin Michaud

Associate Director

Philippe Morisseau

Associate Director - Responsable Grands Comptes

Christian Nehmé

Director Investment & Lettings - Co-Head of Retail Department

Catherine Picou

Directeur adjoint Gestion - Property Management

Jean-Baptiste Pinczon Du Sel

Analyst Investment Department

David Poole

Director, Head of Valuation

Alexandre-Igor Quemereuc

Associate, Residential Capital Markets

Bertrand Renaudeau D'Arc

Directeur du département Agency

Cyril Robert

Directeur études et recherche

Frédéric Romero

Directeur adjoint du département Ouest au pôle agency

Karim Saghiry

Consultant au département bureaux

Karine Stachow

Assistante commerciale

Daniel Sublet

Directeur grands compte

Florence Tondu-Mélique

Administratrice indépendante

Serge Vayer

Associate Director - Worldwide Occupier Services - Tenant Representation

Alice Weber

Junior Project Manager

Steven Woodward

Directeur du département Building and Project Consultancy

Johanna Zini

Directrice project management

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% higher than (...)

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 2Q19 recovering (...)

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 price was (...)

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 ready to (...)

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 2018 Global Living (...)

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 the continent’s (...)

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 there are (...)

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, whose new (...)

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 in five (...)

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 logistics will (...)

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 adviser Savills. (...)

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 at BNP Paribas (...)

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 the previous (...)

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 average GDP (...)

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 7% compared (...)

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 of more (...)

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 terms of (...)

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 is having (...)

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 will force (...)

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 grew 3.3% (...)

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 experienced across (...)

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 sight. However, (...)

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 levels) and (...)

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 as a (...)

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 forecast to (...)

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 terms of (...)

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 tenure with (...)

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 unstable environment (...)

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 robust jobs (...)

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 €2.64bn (EU28) (...)

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, senior housing, (...)

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 by 3.0% (...)

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 Poland. The largest (...)

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 weakest month (...)

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 of shopping (...)

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 compared to (...)

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, French investments (...)

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 three quarters (...)

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 7.7% in (...)

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 once again. (...)

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 is more (...)

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 year totalled (...)

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 price of (...)

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 and transport (...)

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% in Q2. (...)

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 thanks to (...)

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 2.9% and (...)

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 sub-portfolio also (...)

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 offering, killing (...)

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% across the (...)

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 years. In Norway (...)

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 purchasers on (...)

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 an estimated (...)

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 housing market (...)

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 (Table 1, (...)

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 2007 has (...)

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 the first (...)

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 number of (...)

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% above 5-year (...)

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 vacancy at (...)

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 in further (...)

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 grew almost (...)

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 consecutive year. (...)

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 stabilised, are (...)

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 Wołoska Street (...)

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 downside risks (...)

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 grew more (...)

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 abroad. Europe (...)

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 transaction volume (...)

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, enrolments at (...)

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 at a (...)

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 was the (...)

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 growth: government (...)

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 first quarter (...)

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, 2017 will (...)

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 sq m (...)

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 speculative development (...)

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 promised clarity (...)

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 expect this (...)

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 part of (...)

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 is in (...)

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 start to (...)

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 their savings (...)

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 more attractive, (...)

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 big country (...)

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 been the (...)

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. Whilst values (...)

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 an early (...)

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 distribution centres, (...)

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 €207bn. Decreases (...)

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 year I (...)

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 take for (...)

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 with buyer (...)

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 (e-commerce accounts (...)

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 2015 de (...)

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, with prices (...)

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%; UK 2.3% (...)

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 than marginal, (...)

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 percent per (...)

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 3rd fastest (...)

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 values. An adjustment (...)

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 sq m (...)

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 and leisure (...)

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 rate in (...)

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 opportunities in (...)

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 belles occasions (...)

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 credit crunch. By (...)

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 X have (...)

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 as one (...)

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 year. This (...)

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 decline than (...)

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 year, contributing (...)