News New record on the Prague office market
20
Jan
2016

New record on the Prague office market

by Ákos Budai
The Prague Research Forum announced the office market figures for the fourth quarter of 2015. Gross take-up amounted to 161,800 sq m, representing an increase of 78% compared to the previous quarter and the strongest quarterly result ever recorded on Prague office market. Also on a positive note, the vacancy rate decreased by 1.8 percentage points to 14.6% when compared to the previous quarter.
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News CEE real estate investment volume rises 20% in 2015
14
Jan
2016

CEE real estate investment volume rises 20% in 2015

by Ákos Budai
Investment into Central and Eastern European (CEE) countries (excluding Russia) for 2015 reached a historic high level at over €9.6 billion, representing a 20% increase year on year. Czech Republic and Poland put in a particularly strong performance, recording investment volumes of EUR 2.7 billion and EUR4 billion respectively.
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News CTP acquires Hungarian portfolio
06
Jan
2016

CTP acquires Hungarian portfolio

by Ákos Budai
International investor and developer, CTP, has successfully concluded the purchase of a portfolio of industrial real estate in Hungary. With this acquisition, CTP further increases its footprint in Central Europe, with a TRA exceeding 3,250,000 sqm as of January 2016.
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News Prologis appoints new president of Prologis Europe
14
Dec
2015

Prologis appoints new president of Prologis Europe

by Ákos Budai
Prologis today announced that Ben Bannatyne has been appointed President of Prologis Europe, succeeding Philip Dunne, who has been in the role for almost seven years.
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News Green field investments - Where? When? How?
04
Dec
2015

Green field investments - Where? When? How?

by Ákos Budai
Which sectors make the most green field investments? Where does the automotive industry prefer factories to be built? What are the risks of such developments? Dr. Zoltán Nádasdy MRICS, head lawyer at Noerr’s Budapest office, answered these questions and more.
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News Belgrade, Bucharest, Budapest: these are the cities to look out for
02
Dec
2015

Belgrade, Bucharest, Budapest: these are the cities to look out for

by Ákos Budai
Which one is the most attractive capital in the region in terms of property investment and development? When will Budapest enter the phase of yield compression and how quickly are yields expected to drop? Which products spark the imagination of investors? These are some of the questions answered by the participants of the 11th Portfolio Property Investment Forum conference.
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News RICS gives out first Chris Bennett Memorial Prize in Budapest
26
Nov
2015

RICS gives out first Chris Bennett Memorial Prize in Budapest

by Ákos Budai
Barbora Dermekova MRICS, Valuer at JLL became the first recipient of the Chris Bennett Memorial Prize. The award was handed out at the Portfolio Property Investment Forum conference in Budapest, where the activity of several big players of the Hungarian property market was also acknowledged.
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News Is Warsaw getting overheated?
19
Nov
2015

Is Warsaw getting overheated?

by Ákos Budai
A fear of rising vacancies caused by overdevelopment has long been in the centre of news regarding the Warsaw office market. Ewelina Kauzna MRICS, Director of the Office Agency, Landlord Representation at Colliers International in Poland talked to us about what is happening in the capital and in other Polish cities.
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News Surprise: CEE seems attractive from London
13
Nov
2015

Surprise: CEE seems attractive from London

by Ákos Budai
More than 100 people attended Portfolio’s first property investment conference in London, co-organised by RICS. Speakers at the CEE Property Investment Briefing included Europe’s biggest investors. The exclusive half-day conference in London focused on CEE markets such as the Czech Republic, Hungary, Romania and Poland.
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News Property yields continue to fall across Europe
10
Nov
2015

Property yields continue to fall across Europe

by Ákos Budai
European commercial real estate markets saw further yield contraction in Q3 2015 across all property sectors, reflecting growing investor demand and very low bond yields, according to the EMEA Prime Rents and Yields survey from global property advisor CBRE. Across the total of 162 sector/city combinations throughout the EMEA region, 71 saw prime yields moving lower and none saw any increase over the quarter.
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Latest news


New leases

  • Industrial developer CTP announced that Moemax, part of the XXXLutz Group, has signed a lease for a 5,300 sqm logistics unit at CTPark Bucharest South.
  • MAGNOR, a holding company with 100% Romanian ownership, has opened a new location in Iulius Mall, Cluj-Napoca. The launch of the new retail space is part of the company's strategy to expand its network of stores in key urban centres across Romania.
  • CA Immo has signed two lease agreements totaling around 4,400 sqm in the iconic Danube House in Riverside Karlín, Prague. Allegro will occupy two floors of the building, while Intersnack, an existing tenant, is expanding its office space within Danube House.

New appointments

  • At the beginning of September, Ewa Ciołek and Piotr Meleszko were promoted to Senior Leasing Manager. MLP Group, recognising the internal competencies and achievements of its team, emphasises the importance of further improving the efficiency of its leasing operations, which are key to the company's dynamic growth.
  • Avison Young's Investment Advisory team in Poland has welcomed a new member, Katarzyna Sielewicz, who takes the role of Senior Consultant. Katarzyna holds a master’s degree in Finance from the Stockholm University School of Business and completed an exchange semester at Cass Business School in London. She gained international real estate experience working with the global Research and Strategic Advisory team at Cushman & Wakefield (formerly DTZ) in London.
  • Activ Property Services has announced the appointment of Ionuț Grigoraș as Partner in the industrial department. With more than 14 years of experience in the real estate sector, Grigoraș has worked with leading companies such as CTP, WDP, VLParks România, Logicor, P3, MDO, and MLP Group.

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