Coffee with Craig Show – daily CRE news covering the CEE region, Thursday, August 17, with Winston Norman, Editor and Chief of EuropaProperty.com.
Investors remain patient in preparation for a market rebound says JLL
For the first two quarters of 2023 the volume of investment in Poland’s real estate market was about €870 million, reports JLL. This result is 70 percent lower than the first half of 2022.
According to JLL, the heightened financial costs and uncertain outlook kept investment activity subdued across all sectors. Many market players have adopted a “wait-and-see” approach, tracking how the current economic environment is going to affect the decision-making processes. However, these factors have resulted in undermining transaction volume, which in turn, has led to the relatively good availability of products across all major sectors – retail, warehouse, residential and office.
“Fluctuating market conditions have reduced capital activity and significantly reduced competition for the product on offer in the market. As a result, investors have been more cautious in the deployment of equity,” says Sławomir Jędrzejewski, Head of Industrial Investment, JLL
Velis Real Estate Tech partners with AmRest to implement Singu FM software
Velis Real Estate Tech has established a partnership with AmRest, a multi-brand restaurant operator that manages brands such as KFC, Starbucks, Pizza Hut, and Burger King. The company has implemented the Singu FM system in the Czech Republic, Poland, and Hungary as part of this collaboration.
“The implementation for AmRest proves that Singu FM software is a comprehensive solution providing great value for a broad range of real estate types, including the gastronomy industry. We are pleased to assist AmRest with its portfolio digitalization,” commented Adam Penkala, VP of Sales at Velis Real Estate Tech.
Spar-gourmet grocery store in Vienna wins prestigious award
EUROPEAN SUPERMARKET MAGAZINE announced that is has included the SPAR Gourmet Groc ery Store in Vienna in the league of the finest and most beautiful grocery stores in Europe. The new SPAR Gourmet impressed with its modern store design, special services, and exclusive assortment.
SPAR Managing Director Alois Huber commenting on the award, said: “The EUROPE’S FINEST STORES REPORT shows the most casual and coolest supermarkets that currently exist in Europe. We are delighted to have shown with this store that we play in the top league of modern local supply.”
Colosseum Mall reaches 98 percent occupancy
Colosseum Mall in Bucharest has now reached 98 percent occupancy. One of its latest tenants includes Lensa Opticians. Lensa’s investment in its new store is over €120,000.
“The first half of this year has been exceptionally dynamic for Colosseum Mall regarding retail space leasing. This trend has led to a very good occupancy rate which supports our future planned developments,” said Doinița Ilie, Head of Leasing Colosseum Mall.
