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News How has COVID-19 affected construction sites in Romania?
07
May
2020

How has COVID-19 affected construction sites in Romania?

by Property Forum
COVID-19’s direct impact on ongoing construction activity in Romania has been minimal since no restrictions were in place specifically targeting construction works. Several indirect factors, however, are expected to limit the amount of construction activity. The Eastern European Construction Forecasting Association has published a COVID-19 update on the construction sector of Romania.
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News Poland’s industrial market continues to attract investors
06
May
2020

Poland’s industrial market continues to attract investors

by Property Forum
The industrial market in Poland has been growing at a very quick pace for several years, with record-breaking transaction sizes, new warehouse locations and growing net take-up levels. The focus of analysts is usually on demand as everything starts from tenants looking for warehouse and manufacturing space for their business operations. The warehouse market has been led in recent years by the e-commerce industry, which has been reporting annual growth of over 20%. However, other leading sectors are still logistics and distribution, household appliances, the automotive sector and manufacturing. Experts from Cushman & Wakefield summarised what is the impact of investment funds on the industrial market and why warehouses attract investors.
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News Penta Real Estate closes three sales to date in 2020
06
May
2020

Penta Real Estate closes three sales to date in 2020

by Property Forum
Since the start of this year, Penta Real Estate has closed the sale of three office buildings in its portfolio. After selling Rosum in Bratislava, the company completed a transaction in Poland within a single month by selling the office complex D48 and the office building BCT1 in Košice.
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News Atrium gradually reopens retail assets across CEE
06
May
2020

Atrium gradually reopens retail assets across CEE

by Property Forum
Atrium European Real Estate published an update on trading for the three months ended 31 March 2020 and an update on trading in light of the COVID-19 pandemic. A progressive reopening has been launched from 4 May in Poland and is planned from 11 May in the Czech Republic and 3 June Slovakia, although it is too early to say when the company’s assets will return to full operation.
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News Czechs remain the most optimistic as forecasts are downgraded across CEE
05
May
2020

Czechs remain the most optimistic as forecasts are downgraded across CEE

by Ákos Budai
The ongoing COVID-19 outbreak seems to be having a severely negative impact on market sentiment across the CEE region, according to the latest RICS Commercial Property Monitor. Q1 2020 figures show that both rental and capital value expectations have been downgraded across the region with retail expected to see the sharpest decline and industrial proving to be the most resilient asset class.
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News Uncertainty puts focus on ongoing projects in Bulgaria
05
May
2020

Uncertainty puts focus on ongoing projects in Bulgaria

by Property Forum
The coronavirus outbreak continues to affect people and economies deeply. In the latest online panel organized by Property Forum, three real estate professionals discussed the impacts of the coronavirus crisis on the Bulgarian property market.
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News Yield compression eases across Europe due to COVID-19
05
May
2020

Yield compression eases across Europe due to COVID-19

by Property Forum
Rental growth and yield compression eased across Europe’s commercial real estate markets in Q1 2020, according to Cushman & Wakefield’s latest DNA of Real Estate.
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News Build-to-rent could become more attractive after COVID-19
04
May
2020

Build-to-rent could become more attractive after COVID-19

by Property Forum
Property Forum’s latest online panel focused on the effects of COVID-19 on alternative asset classes such as student housing and build-to-rent. European investors, regional experts and local developers discussed how the popularity of alternative assets among investors might change once the crisis is over.
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News How resilient are logistics tenants?
04
May
2020

How resilient are logistics tenants?

by Property Forum
In the fourth instalment of a series of reports about COVID-19 and the implications for logistics real estate, Prologis Research looked at customer resilience amid high economic volatility and concluded that diversity of the company client base is a key factor in insulating the portfolio in turbulent market conditions.
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News Office tenants adopt wait-and-see strategy in Poland
04
May
2020

Office tenants adopt wait-and-see strategy in Poland

by Property Forum
Has the Polish real estate market been hit by the coronavirus pandemic? How will it change over the course of several months? Cushman & Wakefield presented a summary of Q1 2020 on the Polish property market, the impact of the pandemic on each sector and economic forecasts for Poland in its new report.
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Latest news


New leases

  • Buchareast-based office project Floreasca Park has reached over 80% occupancy, following over 4,400 sqm of recent leasing activity. Leroy Merlin has leased 3,900 sqm, while IGEL Technology is occupying 515 sqm.
  • Henkel Romania has sold a 1,800 sqm property in central Bucharest, which served as its HQ, to a high-end residential developer. The deal was brokered by iO Partners.
  • The family shopping centre M1 Kraków, managed by EPP, is strengthening its gastronomic, service and sports offer. The group of new tenants includes Sports Direct, which is making its debut in the capital of Małopolska, as well as the oriental restaurant Asia Mama and the pet shop Maxi Zoo. In recent months, Cukiernia Sowa has also opened its doors to customers. MediaMarkt, McDonald's, HalfPrice and 4F, which presented an enlarged salon in the new BLACK concept, have decided to continue their cooperation with the Kraków facility and modernise their premises. All signed contracts cover over 6,000 sqm of space.

New appointments

  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.
  • Maciej Wieczorkiewicz is joining the Avison Young Technical Advisory team in Poland. Maciej is an experienced engineer with many years of experience in managing fit-out projects and investments in the commercial property sector. During his career development, he has worked for companies such as Made In Terior, TECAS Fitout and Colliers Define.
  • Tomáš Fabian has taken on the responsibility of leading the Czech commercial development team at Skanska as Executive Vice President Operations Czech Republic, while still keeping the current responsibilities as Executive Vice President Legal Counsel (CEE).

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