News - Global investment in real estate hits record $1.8 trillion
11
Oct
2018

Global investment in real estate hits record $1.8 trillion

by Property Forum
Despite geopolitical uncertainty and a slowing in the economic cycle, investment in the global property market has seen a significant rise of 18% year-on-year to a new record high of $1.8 trillion (2017: $1.5 trillion), according to the report of Cushman & Wakefield, which examines global commercial real estate investment activity, assessing cities by their success at attracting capital.
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News - Bucharest office occupancy costs show huge differences
11
Oct
2018

Bucharest office occupancy costs show huge differences

by Property Forum
Companies in Bucharest that operate in modern office buildings have monthly occupancy costs ranging between €175 and €500 per employee, according to an analysis by Cushman & Wakefield Echinox.
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News - E-commerce won’t kill off retail in the CEE region
11
Oct
2018

E-commerce won’t kill off retail in the CEE region

by Property Forum
There is room for online and conventional channel retail to continue co-existing side by side in the short to medium term in the CEE-6 markets, according to Colliers International. The solid further €71.5 billion expansion of retail sales out to 2022, 4.9% growth per annum overall, creates enough evolutionary room for multiple concepts to continue thriving. Conservative growth scenario sees e-commerce in CEE-6 expanding 8.8% per annum from a baseline of €13.1 billion to €20 billion.
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News - Poland’s Resi4Rent buys four projects under development
11
Oct
2018

Poland’s Resi4Rent buys four projects under development

by Property Forum
Echo Investment has signed preliminary sales agreements with Resi4Rent for four projects under development in Warsaw, Wrocław and Łódź for a combined price of €78.6 million (PLN 338.7 million). The four projects - Browary Warszawskie in Warsaw, Wodna in Łódź, Rychtalska and Kępa in Wrocław – will comprise 1,200 apartments altogether.
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News - LinkCity and Cromwell complete first joint project
11
Oct
2018

LinkCity and Cromwell complete first joint project

by Property Forum
LiNK Hradec Králové, the first of a number of planned industrial and logistics projects by LinkCity Czech Republic and Cromwell Property Group, has been completed.
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News - CEE investment market sets course for new growth frontiers
11
Oct
2018

CEE investment market sets course for new growth frontiers

by Property Forum
The competitive advantages and strengths of the CEE region are well known to investors. But new factors have emerged that may play a central role in the medium and long-term. For example, there is a marked shift from cost efficiency to quality and knowledge-based operations across all sectors of the CEE economy. How is the tenant structure in CEE changing? Does growth in the BSS sector show any signs of slowing down? How do the legal and fiscal structures in CEE countries compare to those in Western Europe? All the answers to these and other important questions can be found in this year’s CEE Investment Report 2018: New Frontiers of Growth by Skanska, CBRE, Dentons and PwC.
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News - Positive occupier sentiment on industrial and logistics markets
11
Oct
2018

Positive occupier sentiment on industrial and logistics markets

by Property Forum
According to Colliers International’s EMEA Industrial & Logistics Hubs report, demand for industrial and warehouse property rose in 50% of EMEA markets in H1 2018, up from 35% in H2 2017, driven by positive occupier sentiment, and despite challenges in the overall economy such as protectionism fears and trade tensions between the US and close trading partners in the EU.
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News - Skanska opens new office building in Budapest
11
Oct
2018

Skanska opens new office building in Budapest

by Property Forum
Mill Park office complex, located in the 9th district of Budapest is Skanska’s eighth Hungarian development. Lease agreements have been already signed for 90% of the premises.
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News - How to plan an office for a small company in 5 steps?
11
Oct
2018

How to plan an office for a small company in 5 steps?

by Property Forum
A reference kit for an office manager: experts from the Office Agency Department at BNP Paribas Real Estate explain how to plan an office for a small company.
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News - Willingness to target real estate set to continue
11
Oct
2018

Willingness to target real estate set to continue

by Property Forum
Short and long-term European rates are expected to be benign for the foreseeable future limiting any negative impact on property markets, despite news of the recent bond sell-off in the US which could signify an end to the very low interest rate environment that has dominated the current property cycle. Strong occupier expansion, low vacancy rates and limited development pipelines have supported a gradual shift in market conditions to favour landlords, resulting in rental growth and stability across the majority of European markets during 2018. This has supported property values and returns, despite yields being at their cyclical peak, a situation likely to continue into 2019. That’s according to Colliers International’s latest Capital Flows Report, released at Expo Real.
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Latest news


New leases

  • HS Hydro & Spa has leased space at Logicor Bucharest III Pallady, in a deal brokered by iO Partners.
  • Piața 9 will open its first Bakery P9 location in Bucharest, on a 200 sqm area located on the ground floor of Victoria Center office building. The deal was brokered by Colliers.
  • A new KIKO MILANO store has opened at the Nový Smíchov shopping centre in Prague, as part of a lease transaction brokered by Cushman & Wakefield.

New appointments

  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.

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