What is the size of the e-commerce marketplace in the CEE region? How much more might online sales activity grow in the coming years? What are the implications for the demand for the logistics and retail real estate arenas in the CEE-6 countries? The latest research by Colliers International assesses these key questions that will shape the marketplace for real estate space in these sectors going forward. 

JLL appointed of Robert Sztemberg as Business Development Director at JLL’s Capital Markets Department, which specializes in providing investment advisory services on commercial real estate sales and acquisitions, from large offices and retail centers to industrial portfolios and hotels.

The first six months of 2018 haven’t been the strongest for the Hungarian investment market but the current pipeline of deals leaves much room for optimism regarding the remaining months of the year. Benjamin Perez-Ellischewitz MRICS, Regional Director and Head of Capital Markets Hungary at JLL talked to us about new investments, rising asset classes and game-changing technologies. 

Tri-City is becoming increasingly popular amongst global players looking for optimal location conducive to further business development. Furthermore, the growing business image of the region is contributing to a great deal of interest in office space and boosting developer activity on the local market. JLL estimates that by 2021 the total office stock in the Tri-City area may exceed 1 million sqm.

Prologis celebrated the topping out of the first facility at its new Prologis Park Łódź. The roof progress means construction of the 16,500 square meter building is on track for completion in early 2019. The park has the development potential for three facilities totalling 93,000 square meters.

Skanska has sold the first phase of the Spark office complex in Warsaw to a real estate fund of KGAL Investment Management GmbH & Co. KG, a leading German independent investment and asset manager. This is not only the buyer's first acquisition with Skanska, it is also the fund's first investment in the Polish office market.

The former Stock Exchange Palace, a historic heritage building located in the centre of Bucharest, has entered into a full process of commercial redevelopment.

Following a thorough revitalisation process carried out under the strict supervision of the conservator-restorer, Koneser has been restored to its former glory. The joint investment of the Liebrecht &wooD Group and BBI Development envisaged bringing the former Warsaw Vodka Distillery back to life and giving it back to Warsaw. A multifunctional lifestyle centre was established on an area spanning 5 ha in Warsaw’s Old Praga.

Land in Bucharest continued to attract the interest of real estate developers this year, considering that in the first nine months of 2018, lots with a cumulated surface of over 60 hectares on which around 8,000 dwellings, 180,000 square meters of offices as well as commercial spaces can be developed, according to an analysis of Cushman & Wakefield Echinox.

Immofinanz has successfully closed the package sale of its roughly 26% investment in CA Immobilien Anlagen AG to SOF-11 Starlight S.à r.l., a member company of the Starwood Capital Group.