Source: Savills Research
Top investment picks 2026
emea
APAC
americas
EMEA
APAC
americas
THAILAND
CORE
Prime office in Bangkok CBD, luxury residential in Bangkok (e.g., Sukhumvit, Silom, and Thonglor), and prime retail in central Bangkok.
value-add
Mixed-use development in emerging areas, refurbishing mid-tier retail centres in suburban Bangkok, mid-market residential in outer Bangkok (e.g., Ladprao, Ratchada).
Opportunistic
Industrial and logistics parks in the Eastern Economic Corridor (EEC), hotels in tourist hubs (e.g. Pattaya, Phuket, Chiang Mai), affordable co-working spaces in Bangkok non-CBD areas.
THAILAND
Hong kong SAR
CORE
Prime retail, data centre.
value-add
PBSA, hotels, co-living.
opportunistic
Residential.
VIETNAM
UNITED STATES
CORE
Prime office in New York.
VALUE-ADD
Retail, particularly open-air centres and malls, small bay multi-tenant buildings with below-market rents.
opportunistic
Senior housing, vacant prime buildings in good submarkets.
NORTH AMERICA
AUSTRALIA
AUSTRALIA
CORE
Prime CBD office with NABERS rating (Sydney, Melbourne, Brisbane), prime industrial with high clearance and long lease, infill last mile, neighbourhood non-discretionary retail, stabilised PBSA.
VALUE-ADD
Secondary office, smaller assets where capex can reset, build-to-rent, PBSA repositioning, industrial and retail repositioning.
Opportunistic
Land banking near infrastructure (sites for data centre or cold storage), secondary sub-regional retail, residential/living with strong underlying land value, retail suitable for mixed use conversion, office to residential conversion.
INDONESIA
EGYPT
EGYPT
CORE
New Cairo.
Value-add
Downtown Cairo.
Opportunistic
New Administrative Capital.
SAUDI ARABIA
saudi arabia
CORE
High-end residential development in Riyadh, Grade-A office in Jeddah, retail in Dammam.
Value-add
Mid-tier residential in emerging Riyadh Districts, hospitality in Makkah and Medina, industrial in Dammam Industrial City.
Opportunistic
Mixed-use projects in NEOM, luxury hospitality on the Red Sea Coast, tech-focused commercial real estate in Riyadh.
UAE
UAE
CORE
Dubai office.
value-add
Dubai residential (prime but aged).
opportunistic
Sharjah freehold development, Abu Dhabi residential near Yas Island (Disney).
INDIA
INDIA
CORE
Office (prime, secondary and suburban), suburban warehouses and data centres.
value-add
Retail, hospitality and healthcare.
opportunistic
Education, niche living (senior and co-living) and inner-city warehousing.
INDONESIA
CORE
Hotel, lifestyle retail and retail centres.
value-add
Industrial and logistics, data centres.
opportunistic
Retail, hotel, office.
malaysia
malaysia
CORE
Data centres in Johor, offices in TRX Kuala Lumpur, industrial in Penang.
VALUE-ADD
ESG retrofits, adaptive reuse of secondary assets, hotels in major cities.
Opportunistic
Urban regeneration, infrastructure.
SINGAPORE
SINGAPORE
CORE
Prime office, prime retail suburban or Orchard Road (tourist district).
VALUE-ADD
Worker accommodation, PBSA, secondary office refurbishment.
Opportunistic
Private residential development, warehouse to cold storage conversion.
HONG KONG
vietnAm
CORE
Prime office in Ho Chi Minh City, Transport-Orientated Development, New Urban Area metro.
value-add
Education and health sectors.
opportunistic
New Urban Area associated industrial, senior care and health, wellness.
CHINA
MAINLAND CHINA
CORE
Regional malls in tier-1 cities, BTR/multifamily in tier-1 or strong tier-2 cities, office in prime locations.
VALUE-ADD
Retail outlet, portfolios (varied asset classes), REIT-able assets (mostly multifamily and retail).
Opportunistic
Distressed assets, tourist town hotels, commercial to residential conversion.
sOUTH KOREA
SOUTH KOREA
CORE
Prime office, prime logistics, hotel.
VALUE-ADD
Office remodelling, cold to dry storage conversion, retail to office conversion.
Opportunistic
Development, prime office or hotel.
JAPAN
JAPAN
CORE
Prime office in Tokyo (Marunouchi, Otemachi, Nihonbashi), multifamily in Tokyo (central five wards), logistics in greater Tokyo area.
VALUE-ADD
Secondary office in Tokyo (central five wards or serviced offices elsewhere), multifamily residential in Tokyo, older logistics in well-located regional areas.
Opportunistic
Aged offices in Tokyo (outside the central five wards), vacant retail or undeveloped land in regional cities, distressed hotels in regional areas.
TAIWAN
TAIWAN
CORE
Grade A or B+ office in central Taipei close to public transport, industrial and logistics assets in proximity to established industrial parks.
value-add
Older industrial and logistics assets with good location.
IRELAND
CORE
Prime office, logistics.
value-add
Active management of
secondary office.
Opportunistic
Residential apartment
development for sale.
Portugal
CORE
Office, logistics, hospitality.
value-add
Office, hospitality, retail.
UNITED KINGDOM
CORE
Prime office, market-dominating shopping centres.
value-add
Secondary office in prime locations, strategic land given improved planning environment.
Opportunistic
Development sites, South East offices.
UK
CORE
Prime CBD office and logistics, dominant shopping malls, retail warehousing.
value-add
Low cost brown-to-green office opportunities, regional office development.
Opportunistic
City of London offices, regional offices.
FRANCE
CORE
Offices and retail in Paris CBD, hospitality in prime Paris locations and tourist locations.
value-add
Office buildings in the CBD, alternative assets in well-connected locations, and hospitality assets.
Opportunistic
Office Paris inner city and inner suburbs, retail, logistics.
SPAIN
CORE
Prime office and logistics in Madrid and Barcelona, multifamily in Madrid, high street retail and logistics in secondary cities such as Valencia, shopping centres and retail warehousing, and alternative living sectors (senior, PBSA) in tier-1 and tier-2 cities.
value-add
Development of offices and logistics in secondary locations of the main cities, shopping centres refurbishment.
NETHERLANDS
CORE
Living (multifamily and PBSA) in Randstad cities and university hubs, retail, big box logistics.
value-add
Office brown to green, business parks, aggregation of light-industrial in urban areas.
Opportunistic
Land, circular redevelopment/adaptive reuse.
NORWAY
CORE
CBD office, hotels, logistics.
value-add
Central Oslo income-producing office, secondary office with change of use potential to convert to hotels.
Opportunistic
Failing SPVs with long WAULT
properties, distressed residential.
SWITZERLAND
CORE
Prime office in Zurich and Zug, multifamily in Winterthur and Lucerne.
value-add
Multifamily in Aargau, Olten and Thurgau.
Opportunistic
Office in Bern, Lucerne and Basel.
GERMANY
CORE
Rural food-anchored retail, multifamily in markets with positive demographics.
value-add
Secondary office in CBD locations, manage-to-green multifamily in tight markets.
Opportunistic
Office development.
POLAND
CORE
Prime office in Warsaw, modern logistics including cross docks and last-mile delivery, retail parks with large food anchor.
value-add
Retail redevelopment, office conversion, warehousing close to major cities with development potential.
Opportunistic
Refurbishment/redevelopment of secondary office, vacant/aged retail redevelopment, PBSA.
FINLAND
CORE
Prime office, residential and logistics in Helsinki.
value-add
Prime shopping centre in major urban areas, secondary residential in Helsinki, prime office in Tampere and Turku.
Opportunistic
Secondary office and light industrial in Helsinki, land.
ROMANIA
CORE
Prime office in Bucharest, prime industrial sale and leaseback, shopping centres in regional cities.
value-add
Under-leased prime office in northern Bucharest near metro expansion, secondary office in Bucharest CBD, retail parks in secondary locations.
Opportunistic
Historical buildings in central
Bucharest, hotels in tourist areas, secondary industrial for
redevelopment.
ITALY
CORE
CBD office, hospitality and high street retail in core markets.
value-add
Hospitality in leisure markets, PBSA and build-to-rent.
Opportunistic
Shopping centres, secondary office, retail parks/warehousing.
CANADA
CORE
Trophy office, prime suburban office (Toronto, Calgary, Montreal), senior housing.
VALUE-ADD
Secondary office for redevelopment, infrastructure.
opportunistic
Office to residential conversion, standalone manufacturing.
MEXICO
CORE
Prime industrial in Northern Region and Mexico City.
VALUE-ADD
Secondary industrial.
opportunistic
Industrial redevelopment in primary markets, secondary office for redevelopment/repositioning in
Mexico City.
pAKISTAN
CORE
Office, retail, warehousing.
value-add
Office, non-performing warehousing,
data centres.
opportunistic
Residential and government (public-private partnership) development land, branded segment.
BELGIUM
CORE
Long-term lease office in Brussels CBD, prime logistics in established locations.
value-add
Logistics with reversion and capex potential, stabilised office at attractive pricing.
Opportunistic
Office in prime locations with redevelopment potential.
GREECE
CORE
Prime hospitality (Athens, Thessaloniki and major islands), prime office (Athens), prime logistics (Athens).
value-add
Office, underperforming retail parks.
Opportunistic
Change of use (commercial to residential).
HUNGARY
CORE
CBD office, hotels, industrial and logistics.
value-add
Well-located secondary office.
Opportunistic
Office to hotel/residential conversion.
SOUTH AFRICA
CORE
Prime industrial and logistics across strategic national hubs, energy-resilient multifamily and PBSA, food-anchored neighbourhood retail.
value-add
‘Brown-to-green’ office repositioning, retail centre reconfiguration and re-tenanting, residential portfolio consolidation and repositioning.
Opportunistic
Distressed secondary office conversion and repurposing, land banking for future logistics hubs, recapitalisation of ‘stranded’ retail anchors.
CZECH REPUBLIC
CORE
Prague prime office and hotels.
value-add
Industrial.
Opportunistic
Secondary office in Prague and Brno.
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value-add and opportunistic strategies