European construction sector calls for urgent action

03
Apr
2020
News - European construction sector calls for urgent action #construction #coronavirus #Europe #report #RICS

by Property Forum | Report

This week, the European construction industry calls for urgent measures to protect workers’ health, support economic activity and accelerate the recovery.


On a common declaration, RICS and other leading European organisations representing the construction sector, an industry worth 9% of the EU GDP and employing more than 16 million Europeans, urge the European institutions and the European Member States to act in full coordination to:

  • Put in place required and tailor-made health and safety measures, protocols and guidelines with the active involvement of relevant stakeholders, allowing employers to guarantee the required level of workers’ protection.
  • Support the construction supply chain by putting in place measures allowing the efficient functioning of the EU internal market. In this respect, we welcome the Communication of the European Commission on the implementation of the Green Lanes under the Guidelines for border management measures;
  • Carry out massive support and stimulus programmes. These actions must not be limited to a few iconic sectors of strategic or political importance that may need full bailouts, but crucially to those job providers such as construction that must also receive the full attention of the authorities;
  • Ease the administrative burden and the conditions for employers to implement temporary unemployment measures.
  • A performing construction supply chain is crucial for maintaining the activity, with proper health and safety conditions. It is therefore essential to guarantee the circulation of construction products; equipment and provision of services in full respect of the instructions delivered by public health authorities.
  • Finally, the undersigned organisations, ask the European Commission to open a dialogue as soon as the circumstances allow it, in order to jointly identify and implement appropriate measures to limit the downturn and facilitate a rapid recovery of all construction activities.

“In light of these difficult times, we wish to reiterate our commitment to supporting public authorities as well as our dedication to our most fundamental asset, our professionals ’wellbeing. We call upon public authorities to take into account the scale of the disruptions to the construction sector and to prevent the foreseen economic downturn from becoming a meltdown of historic proportions with far-reaching social consequences,” explains Anna Orcsik, RICS Regional Manager for Austria & CEE.

The full declaration is available by clicking here.




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.

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