Coffee with Craig Show – daily CRE news covering the CEE region, Wednesday, January 18, with Winston Norman, Editor and Chief of EuropaProperty.com.
Air Serbia’s efficient operations generate profit of €21 million in 2022
According to preliminary results, Air Serbia posted a positive net and operating result in 2022, for the first time since the coronavirus pandemic broke out, achieving a profit of €21 million. The good preliminary financial result was achieved thanks to efficient operations and business consolidation measures that were carried out during the pandemic, as well as a big network expansion, a traffic volume increase of around 60 percent year-over-year, a general rise in demand since spring 2022 and the easing of travel restrictions which were in force up to then.
Air Serbia CEO Jiri Marek, commented “in the coming days, Air Serbia plans to publish its operating results for 2022, but we can already say that last year, the Serbian national airline came 2 percent away from the record-setting passenger numbers achieved in 2019, which is one of the best results in Europe, looking at this parameter.”
Atrium partners with REIWAG
Atrium has signed a strategic partnership deal with REIWAG Facility Services from Austria. REIWAG has acquired 64 percent of the company’s shares. The new partnership will unlock substantial growth of Atrium’s services and improve the company’s capabilities in property-related services, such as brokerage, facility management, cleaning services and technical maintenance.
REIWAG is an Austrian family-owned group of companies, with an annual turnover of €88.8 million, more than 3,000 employees and subsidiaries in five countries.
Atrium is an integrated property service provider which was founded in 2005 by Roman Klott.
Inflation changes everything for the Czech real estate market
Rising energy prices, construction costs and rents, the crisis of restaurants, pressure for ESG compliance and changes in the Prague high street, are the main trends that will affect the Czech real estate market in 2023, according to Colliers, the real estate market in the Czech Republic will be influenced by following 10 main trends this year:
- Construction and financing costs will remain high
- Pressure for inflation caps and the savings struggle
- Pressure for ESG compliance
- With significant developments in Prague, rents will increase citywide
- The big box market will approach 12 million sqm, and more renegotiations are expected
- The price discovery period will continue, and yields are likely to move further outwards
- New units will refresh the Prague’s high street look
- Prague’s new zoning plan will probably be postponed again
- Lights out for F&B, others may experience lower turnovers
- PRS will be in focus, secondary market sales prices will start to fall
