04
Jun
2020
Jun
2020
What will the new normal of real estate look like?
72 speakers and several hundred attendees will be joining the next online event organised by Property Forum and RICS, Virtual Property Forum 2020. With three speeches and eleven panel discussions, this event will provide a comprehensive overview of the trends currently driving real estate markets in the CEE region and beyond.
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04
Jun
2020
Jun
2020
Arete secures €80 million refinancing from Raiffeisenbank
The Arete investment and real estate group signed a loan agreement with Raiffeisenbank for up to €80 million. The funds will be used to refinance the existing real estate portfolio of the second ARETE fund (ARETE INVEST Sub-Fund CEE II) and to invest in new industrial assets.
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04
Jun
2020
Jun
2020
Hungary's residential market begins recovery in May
There were 8,400 residential property deals made in Hungary in May 2020, according to the latest monthly transaction estimate by real estate group Duna House. Although still 38% lower compared to last May, the monthly figure looks much healthier than in April.
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04
Jun
2020
Jun
2020
Ghelamco completes revitalisation project in central Warsaw
Following over 4 years of intensive work, Ghelamco Poland has completed the revitalisation of two historic tenement houses at 13 and 15 Foksal Street in Warsaw.
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04
Jun
2020
Jun
2020
S Immo closes Q1 2020 with €31.5 million write-down
In Q1 2020, S Immo’s rental income rose by around 10% in annual comparison to €31.1 million (Q1 2019: €28.4 million). The FFO I – a key figure for operating performance – advanced by 27.8% to €13.8 million (Q1 2019: €10.8 million). At the same time, the results on property valuation turned negative to reach minus €31.5 million in the wake of the COVID-19 pandemic (Q1 2019: plus €9.9 million). This corresponds to around 1.3% of the IFRS real estate assets. All in all, the company saw a loss for the period of €21.4 million as of 31 March 2020 (Q1 2019: profit for the period of €15.1m million).
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03
Jun
2020
Jun
2020
Philippines-based investor buys Katowice office buildings
Philippines-based investor ISOC Group has acquired buildings A and B of the Silesia Business Park office complex in Katowice, developed by Skanska, from a fund managed by Scandinavian investor NIAM. In Poland, the buyer is represented by Augusta Cracovia.
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03
Jun
2020
Jun
2020
Cavatina completes sale of Kraków asset to Apollo-Rida
Cavatina Holding has completed the sale of buildings A, B and C of the 60,000 sqm Equal Business Park office complex in Kraków. The buyer is a joint venture managed by Apollo-Rida Poland.
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03
Jun
2020
Jun
2020
CCIR and Iulius plan major mixed-use project in Bucharest
The Romanian Chamber of Commerce and Industry (CCIR) and real estate developer Iulius are proposing a large-scale mixed-use project around the existing Romexpo Exhibition Center in Bucharest. The €2.87 billion investment plan would the see creation of the city’s largest business district with over 30,000 new jobs, museums and a multi-use event hall, a new park and green urban connections, a retail and lifestyle centre and 12,000 parking spaces.
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03
Jun
2020
Jun
2020
CPI takes over management of two more Warsaw buildings
CPI Property Group is taking over the management of the Central Tower and Prosta 69 buildings in Warsaw. The company now manages 9 out of the 13 office building it owns in Warsaw
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02
Jun
2020
Jun
2020
Knight Frank prepares for a new normal in workplace consultancy
Knight Frank has been present in Hungary since 2018, mostly focusing office leasing – a process that will significantly be impacted by COVID-19. Erika Lóska, Head of Office Division at Knight Frank Hungary and Colin Fitzgerald, Partner International Occupier Services at Knight Frank London talked to Property Forum about the company’s plans for Hungary and how COVID-19 could change the occupier services sector.
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Latest news
- ATAL launches new residential project in Gdańsk
- Panattoni secures e-commerce tenant at Wałbrzych park
- Hellmann Worldwide Logistics leases space at MLP Poznań
- The buildings that survive the next decade won't be the greenest - They'll be the ones that can prove it
- Drooms forecasts 27% rise in European real estate deals
- Colliers reports 12% construction growth in Romania
- tbi bank raises Hexagon financing in Cluj-Napoca to €15 million
- Harden Construction builds logistics park for InPost in Toruń
- One United Properties fully leases office portfolio in Bucharest
- Cavatina revitalises 3.8 ha of public space in Wrocław
New leases
- UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
- Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
- Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
New appointments
- Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
- Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
- Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.
