"Savills establishes Middle East platform following the acquisition of Cluttons network in the region. Business to be rebranded Savills during 2018."

"According to the research report 'City Special Rotterdam offices' published today by international real estate advisor Savills, the city’s relatively late start of withdrawing old office stock has resulted in a high vacancy rate (15.1%). However, in the years to come more residential conversions will take place due to rising house prices. As the pipeline for new office buildings in Rotterdam is limited, Savills expects vacancy levels to drop significantly."