European News

Read the latest news about how Savills is helping clients across Europe succeed in the ever-changing world of real estate.

DEMAND OUTSTRIPS SUPPLY FOR OFFICES ACROSS EUROPE

DEMAND OUTSTRIPS SUPPLY FOR OFFICES ACROSS EUROPE

08 June 2016

Demand for office space in the European market has been hampered by a lack of good quality supply in the first quarter of 2016, according to the Savills European Offices Market report, with most cities unlikely to feel the impact of a projected 22% rebound in development activity.

 
 
Rabo Real Estate Group sells 'De Rotterdam' to AMUNDI Real Estate

Rabo Real Estate Group sells 'De Rotterdam' to AMUNDI Real Estate

01 June 2016

Rabo Real Estate Group has sold the building ‘De Rotterdam’ in Rotterdam, The Netherlands, to a consortium of Korean Investors, led by AMUNDI Real Estate. The iconic building was designed by OMA/Rem Koolhaas. The sale comprises approximately 75,000 sq m of office space, the nhow hotel with 278 rooms and approximately 2,000 sq m of conference and event spaces, approximately 3,000 sq m of commercial units and the 5-storey car park with 670 places. This makes it the largest single asset transaction of recent times. The apartments in De Rotterdam are owned by Amvest.

 
 
Scarcity of high quality office space in central Madrid drives occupiers to city's periphery

Scarcity of high quality office space in central Madrid drives occupiers to city's periphery

26 May 2016

During the first quarter of 2016 almost 60% of Madrid’s office take up and more than 50% of deals took place outside the M-30 ring-road. According to international real estate advisor Savills, this is due to the shortage of supply of quality office space in the urban area of Madrid, which has diverted the bulk of demand to the city’s periphery for the first time since 2009.

 
 
La Defense boasts exceptional Q1 for office take up

La Defense boasts exceptional Q1 for office take up

23 May 2016

Following a lacklustre 2015, international real estate advisor Savills has observed that the Paris office market has shown signs of normalisation in Q1 this year, with a total take-up of 492,000m recorded. This represented a yoy increase of 19%, however take-up levels for Q1 2016 do still remain slightly below the five-year average (502,109 sq m).

 
 
 

Key Contacts

Liz Williams-Bew

Liz Williams-Bew

Director
Commercial Marketing & Press

Savills Margaret Street

+44 (0) 20 7409 8140

 

Jamie Jago

Jamie Jago

Director
Residential Press Office

Savills Margaret Street

+44 (0) 20 7016 3880