CEE continues to perform in spite of COVID-19
CEE outperformed other EU countries in 2020 in terms of economics, hopefully returning to a strong income convergence to Western Europe in 2021, according to the report presented by...
News
Poland’s industrial market powers on
Astonishing gross take-up totalling 1.6 million sqm is the best ever quarterly result for Poland’s industrial market. Developers are also maintaining the pace with 2.3 million sqm under construction,...
Landmark transaction in Serbia: GTC sells office portfolio to Indotek Group
Globe Trade Centre has decided to sell its Belgrade office portfolio to the Hungarian investor Indotek Group. The proposed acquisition price is €267.6 million, exceeding the book value of...
BNP Paribas REIM strengthens its pan-European transactions strategy and governance
BNP Paribas Real Estate Investment Management (REIM) has revealed the new governance of its Investment and Asset Management activities. Headed up by Sigrid Duhamel, Global Chief Investment Officer (CIO),...
Positive sentiment continues on the Polish industrial and warehouse market
According to “Occupier Insight – Industrial and Warehouse Market Q1 2021”, a report prepared by real estate advisory firm Cresa, gross industrial and warehouse take-up climbed to 1.6 million...
Poland is the third most popular location in the world for foreign investors
Poland came third in terms of the inflow of foreign direct investment. The country announced 30 projects worth $1.2 billion. In the international race, only the United States and...
Czech retail park stock tops 1 million sqm
A total of 23 retail park projects with a total area of almost 55,000 sqm were completed in the Czech Republic last year, with the volume of development exceeding...
Europe needs around 8.6 million sqm of warehouse space to meet parcel delivery demand
According to a recent report from Savills, an additional 8.6 million sqm of warehouse space is required by parcel companies in Europe between 2021 and 2025 to keep up...
Why are companies choosing to shift manufacturing to Poland?
Some companies are choosing to relocate production plants from Asia to Poland to diversify business activity and shorten supply chains. On the other hand, western firms are setting up...
AFI Europe and Forte Partners win big at EuropaProperty’s digitally enhanced 16th Annual SEE Real Estate Awards
Recognizing the importance of South-Eastern Europe’s investment and development markets EuropaProperty was proud to host the 16th annual EuropaProperty SEE Real Estate Awards ONLINE. The live event was simultaneously...
EuropaProperty announces the short-list for the SEE Real Estate Awards
The short-list for the upcoming 16th annual EuropaProperty SEE Real Estate Awards and CEO Networking Forum, Southern Eastern Europe’s premier commercial real estate event, dedicated to investment and development,...
Cushman & Wakefield predicts Sheds, Beds & Meds will be 2021 investment winners
“Sheds, Beds, Meds” and other alternative market sectors will dominate the EMEA investment agenda this year, as investors remain risk-averse, focusing on core markets with better long-term growth prospects...
South African Fortress REIT acquires two logistics parks in Poland
South African Fortress REIT has acquired two logistics parks in Bydgoszcz and Stargard from Griffin Property Finance. This is the first direct acquisition in Poland by Fortress REIT and...
EuropaProperty completes digitally enhanced gala to celebrate the region’s retail sector
Cosmetics retailer Hebe, and developers Equilis, Acteeum Group and TREI Real Estate all win multiple accolades at Central Eastern Europe’s top retail awards ceremony. Recognizing the importance of Central...
Savills identifies the top picks for investment in 2021
Savills predicts that core and core+ real estate investors will continue to be attracted by high specification office buildings in key European CBD locations with low vacancy rates such...
Frontier Estates sees steady growth prospects in Poland’s SBU sector
Frontier Estates, a notable European developer, intends to substantially improve the efficiency of storage, sales, office space and logistics for medium-sized e-commerce, light-production and tech clients in the Lower...
Warsaw’s office market is changing
In 2020, office take-up hit its lowest level in ten years amid pandemic headwinds despite the largest-ever single lease contract signed to date and one of the highest volumes...
CTP to build network of logistic parks in Poland, plans to invest €200 million in 2021
CTP, CEE’s largest industrial property developer, enters a strategic partnership with Poland-based MDC² to develop full-service business parks throughout Poland. Construction in the first three locations will start in...
The pandemic is a catalyst for retail change
Close to 130,000 sqm was delivered to the market across all retail formats in Q4 2020, bringing last year’s total new supply to more than 340,000 sqm. Despite pandemic-related...
pbb successfully issued first Green Bond as Senior Preferred Benchmark
pbb Deutsche Pfandbriefbank successfully placed its first Green Bond as Senior Preferred Benchmark with a volume of €500 million on the capital markets. The Bond has a coupon of...
Lease renewals and tech companies dominate in demand structure
In 2020, demand for office space in regional cities was 16 percent lower compared to 2019, the vacancy rate increased by 3.2 percent and the volume of office space...
Poland’s investment volume for 2020 was third-highest in history says Avison Young
COVID-19 has had a great impact on the economy as well as consumer behaviour, which has naturally influenced the property market. The pandemic unexpectedly accelerated changes noticed for the...
Warsaw’s office market waiting for stabilisation
Tenant activity in 2020 was 31 percent lower than in 2019, with developers being much more cautious about launching new developments than in previous years. As a result, this...
Twenty-five new retail brands entered the Czech market in 2020
Although the retail segment is among those affected the most by the coronavirus crisis, this does not show in the number of brands newly incoming to the Czech market,...
Do high streets have a chance of becoming an alternative to shopping centres?
Because of the pandemic, a significant number of Polish consumers are increasingly turning to smaller stores, which are located outside traditional shopping centres. Is this an opportunity for high...
Top commercial real estate trends of 2021 to watch out for
With COVID-19 forcing the Real Estate sector to rethink the way they work, market demand for office space has rapidly changed. As a result, the focus of the office...
Warehouses were the top performing sector in 2020
The industrial and logistics sector has proved resilient to the ongoing Covid-19 pandemic. Indeed, unlike most other parts of the Polish commercial real estate market, it has had a...
Yareal sells two office buildings in the LIXA complex
Yareal closed the final agreement for the sale of the first phase the LIXA complex, which opened its doors to tenants in November. This first stage of the investment...
Is Poland’s office market heading towards oversupply?
The changing structure of demand for offices, and the increasing amount of space aimed at subtenants, raises the question of whether the office sector in Poland is facing the...
Poland remains one of the most attractive warehouse markets in Europe
The Gerald Eve International Alliance of real estate advisory firms, which AXI IMMO is a member of, has prepared a guide of the key industrial and logistics markets in...
S IMMO acquires two office buildings from Skanska in Bucharest
Skanska has sold the Campus 6.2 and 6.3 office buildings in Bucharest to S IMMO AG, an Austrian-based real estate company. This is the buyer’s first acquisition with Skanska...
Poland’s industrial sector displays resilience to pandemic
The industrial market is the fastest-growing commercial real estate sector in Poland, Cushman & Wakefield summarized in its latest report on the country’s industrial market in Q3 2020. Robust...
Savills IM identifies real estate opportunities resulting from the secular shift in capital markets
Central business district (CBD) offices, supermarkets and food-anchored retail parks, as well as logistics assets in key locations across Europe, will present attractive investment opportunities in 2021 as investors...
Demand for logistics real estate in the Baltics is growing fast new deal shows
Newsec in the Baltics advised on the sale of an 18,000 sqm logistics centre owned by BCP Logistics Property III of Norway. The current tenant Vinges Terminalas acquired the...
CEE markets record third highest real estate investment volume on record
According to Savills latest research, total property investment activity in the Czech Republic, Poland, Slovakia, Hungary and Romania for Q1-Q3 2020 was €7.6 billion, the third-highest volume on record,...
Industry leaders place mixed use spaces, client experience and phygital at the heart of their strategies at MAPIC Digital live
Leaders in commercial real estate, retail and leisure have uncompromisingly analysed the transformation of their industry during two days of MAPIC Digital live – new for 2020, with the...
Katharsis Development sells HopStop Siedlce to LCP Properties
HopStop, a convenience retail park in Siedlce, has been sold by Katharsis Development, a Polish developer, to LCP Properties, a British investor. The seller was represented by Avison Young...
VGP and Allianz joint ventures complete a €424 million logistics portfolio purchase
VGP NV (‘VGP’) and Allianz Real Estate, acting on behalf of several Allianz Group companies, announced two successful closings between VGP and two of their 50:50 joint ventures, VGP...
CTP acquires 12 buildings from Cromwell Property Group portfolio located in CTPark Bucharest
CTP, the largest developer and long-term administrator of premium industrial and logistics parks in Romania and in Central and Eastern Europe, acquired 95,000 sqm of buildings from Cromwell Property...
18-34-year-olds to drive new living real estate demands across European cities
The COVID-19 pandemic is rapidly changing the property landscape across the world as cities are re-imagined. According to JLL’s latest European City Dynamics report, COVID-19 has altered many aspects...
While exercising caution, investors continue to show interest in commercial real estate throughout Poland
The value of investment transactions concluded on the commercial real estate market in Poland since the beginning of 2020 amounts to around €4 billion. Nearly half of the volume...
Two office buildings at Fuzja are topped out
In the area of the Fuzja investment in Łódź, the works related to the construction of the shell of two office buildings have been completed, and the traditional topping-out...
7R is first warehouse and industrial developer to join Urban Land Institute Poland
7R has joined the Urban Land Institute to play a part in shaping the future of the real estate industry and build the highest quality standards in the warehouse...
HAVI Logistics opens large distribution center in Romania
Global Supply Chain Leader, HAVI Logistics joins the Chitila Logistics Hub’s industrial community, a project developed by Globalworth and Global Vision near Bucharest. Here, HAVI will open its largest...
Avison Young establishes full-service operations in Austria
Avison Young announced an expansion of its service delivery to clients across Europe with the addition of GVA Real Consult in Austria. It will rebrand as Avison Young. The...
CTP increases market capitalisation to €6.2 billion and joins AScX index
In the last week of June, CTP will join the group of 25 Dutch companies included in the AScX index, which is derived from Amsterdam’s Small Cap Index. This...
Warsaw’s Museum of Modern Art leases Hillwood warehouse
The Museum of Modern Art (MSN) in Warsaw is to lease 2,000 sqm of space in the Hillwood Warszawa Targówek warehouse investment. JLL advisory firm represented the MSN in...
Whole-life carbon roadmap for Poland
Buildings play a crucial role in Poland’s effort to meet the 2050 net-zero emissions goal, says a new study published today by the Polish Green Building Council (PLGBC) in cooperation...
Hotels in The Warsaw HUB with WELL Health-Safety Rating
The International WELL Building Institute™ (IWBI) has confirmed that the Crowne Plaza and Holiday Inn Express Warsaw – The HUB and conference centre located in The Warsaw HUB complex...
Mercure Galati Centrum is now open in Romania
The Bauhaus-inspired hotel is located in Galați, a major industrial city in Eastern Romania, home to the largest port on the Danube River After an impressive redesign and refurbishment,...
Wing launches eco-friendly residential project in Budapest
Living, Wing’s residential property development umbrella brand, has announced the launch of its newest residential park development. Located on the shore of the Rákos Stream in District 13 of...
New warehouse standards offering economical, sustainable and people-friendly solutions
Modern class A warehouses are now far more superior than out-of-town facilities built 10-15 years ago. They provide top-grade space in terms of location, accessibility and warehousing solutions. With...
S IMMO rejects takeover offer from Immofinanz
In their official statement, the Management Board and Supervisory Board of S IMMO AG have clearly expressed their opposition to the takeover offer by IMMOFINANZ AG published in mid-May...
