STORY OF THE WEEK
Shopping centres will have a hard time surviving

Story of the week

19
Oct

Shopping centres will have a hard time surviving

by Ákos Budai
The increased use of technology is already changing the way industrial property is being built and used. Tim Davies, Head of EMEA Industrial and Logistics Agency at Colliers International United Kingdom talked to Property Forum about e-commerce, robotics, big data and many more.
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Industrial

20
Oct

Penny Market opens logistics centre in Western Hungary

by Property Forum
German discount supermarket chain Penny Market opened a logistics centre in Veszprém, Western Hungary, following a nearly €30 million (HUF 9 billion) investment. The facility offers 26,500 sqm of warehouse space on a 10 ha land. The new warehouse can hold 15,000 pallets.
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Logicor completes new 40,000 sqm warehouse in Bucharest Strong demand for industrial property in Budapest Prologis completes BTS facility in Central Poland

Retail

20
Oct

€175 million loan secured for the construction of Galeria Młociny

by Property Forum
Echo Investment and EPP (Echo Polska Properties) have concluded a loan agreement worth €175 million and a VAT loan of PLN 34 million with Bank Zachodni WBK S.A. as an agent as well as PKO Bank Polski S.A. and Bank Gospodarstwa Krajowego. The acquired funds will be used for the construction of Galeria Młociny in Warsaw. The loan was granted for the construction period and a five-year investment period.
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Catinvest to invest €70 million in Craiova mall New wave of openings sweeps across Poland’s retail market BNP Paribas Real Estate to manage new Poznan scheme

Report

19
Oct

€1.3 billion invested in Hungarian real estate year-to-date

by Property Forum
During the third quarter of 2017 the total commercial real estate investment transaction volume reached some €505 million in Hungary, pushing the 2017 year-to-date volume to nearly €1.3 billion, according to JLL Hungary’s latest statistics.
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How to launch a new brand on the Polish market Continued boom on Kraków's office market Booming tourism drives CEE hotel markets

Office

19
Oct

Vacancy decreases on the Warsaw office market

by Property Forum
In Q3 2017 gross demand on the Warsaw office market reached 198,600 sqm, which brought the 2017 YTD total to 589,500 sqm. The Polish Office Research Forum has published its figures for Q3 2017 for the office market in Warsaw.
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CBRE becomes PM of Qubix in Prague Ghelamco secures €221 million for The Warsaw Hub Record low vacancy on the Budapest office market

Investment

19
Oct

One United Properties buys Bucharest office building

by Property Forum
One United Properties, a Romanian residential developer has entered the Bucharest office investment market by purchasing the North Gate office building in Pipera. The property was bought at a public auction for €16.8 million. The developer of the complex, Creativ Invest Grup, filed for insolvency earlier.
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CPI moves forward with Brno revitalisation project New investor enters the Czech market Former Coca-Cola HBC complex sold in Slovakia

Career

18
Oct

Jaroslav Kaizr joins Savills as Head of Leasing

by Property Forum
Savills has appointed Jaroslav Kaizr as Head of Leasing Agency for the Czech Republic & Slovakia.
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Savills forms association with Hungary's Eston Property Forum is looking for a junior editor C&W opens new office in Lublin

Residential

16
Oct

A boom in the cards for Croatia’s residential market

by Property Forum
Residential markets are on the rise all over Europe. There are barely any countries where prices haven’t begun to increase since the crisis. Property Forum took a closer look at the Central and Eastern European region, to see which countries have seen the highest growth. Croatia is one of the countries where prices began to grow later rather than sooner, but this means that it may become a new hotspot for investors looking to profit from house price growth in the region.
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€80 million residential project launched in Bucharest Cordia buys Bucharest plots for residential development Skanska buys land for €31 million in Prague

Interview

02
Oct

E-commerce will wipe out medium-sized stores

by Ákos Budai
The growth of e-commerce is transforming the retail market all over the world. Experts don’t believe that physical stores will completely disappear but owners of developers of retail assets will need to come up with new ideas in order to attract customers. Jan Kotrbáček, Head of Retail Agency CEE at Cushman & Wakefield analysed the CEE retail market for Property Forum.
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Tenants will be ready to pay more for employee wellbeing Romania is on the right track this time TriGranit plans to expand into Southeastern Europe

Hotel

28
Sep

Hyatt announces plans for Párisi Udvar Hotel in Budapest

by Property Forum
Hyatt Hotels Corporation announced plans for the Párisi Udvar Hotel in Budapest, joining Hôtel du Louvre in Paris as the second hotel in Europe for The Unbound Collection by Hyatt and third outside of the U.S. Hyatt has entered into a franchise agreement with Párizs Property Kft for the project, which will see Párisi Udvar in downtown Budapest converted into an upper-upscale 110-room hotel. The hotel will feature 18 suites, including 2 presidential suites. The Párisi Udvar Hotel is expected to open in 2018 and will be managed by Mellow Mood Hotels.
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Poland’s hotel market expands rapidly Radisson Blue Hotel to open in Brasov in 2019 Revetas Capital to buy Radisson Blu Bucharest for €177 million

ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Milan, Germany, Bucharest, Budapest, Belgrade, Bratislava and Prague.
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