News - Liquidity is returning to Poland’s office market
27
Apr
2021

Liquidity is returning to Poland’s office market

by Property Forum
The industrial and logistics sector continues with strong momentum while large scale office transactions have slowed in European investment volumes, as many countries saw overall activity halve in comparison to Q1 2020, notes Colliers. In Poland, liquidity is returning to the office market, which can be confirmed by the number of transactions.
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News - Globalworth advises shareholders to take no action
26
Apr
2021

Globalworth advises shareholders to take no action

by Property Forum
On 14 April 2021, CPI Property Group S.A. and Aroundtown SA unilaterally announced a firm intention to make a cash offer for the share capital of Globalworth not already owned or controlled by them at €7.00 per Globalworth share. On 19 April 2021, Globalworth announced the formation of an independent committee of the Board to evaluate the offer.
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News - Impact Developer & Contractor revenues up 28% in 2020
26
Apr
2021

Impact Developer & Contractor revenues up 28% in 2020

by Property Forum
Revenues of Impact Developer & Contractor totalled €42.3 million in 2020, up 28% year-on-year, driven by higher residential sales for its Bucharest-based projects. 
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News - Genesis Property: Indoor air quality matters now more than ever
26
Apr
2021

Genesis Property: Indoor air quality matters now more than ever

by Property Forum
Indoor air and water quality is not something many people give too much attention to when it comes to the office buildings where they work and spend most of their time during the day. At home, they invest in products like air purifiers and water filtration systems; at work, they rely on their employer or building owner and, most of the time, they take what they get without sometimes even considering if it may or may not affect their health, writes Dr. Darren Allen, Director of the Healthy by Design Building Institute, in an opinion piece for Property Forum
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News - Czech investors split into two groups based on expectations
26
Apr
2021

Czech investors split into two groups based on expectations

by Property Forum
The Czech market is still slow in comparison to previous years. Market fundamentals remain good, as does the demand for core and core+ assets, but the market is experiencing limited supply of the right investment product, according to the latest capital markets report by Colliers.
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News - A new purpose for the office is emerging
22
Apr
2021

A new purpose for the office is emerging

by Property Forum
Close to a year into the pandemic, we have reached an inflexion point. COVID-19 has accelerated the world in ways that will undoubtedly alter the course of business for decades to come, transforming conventional notions of where and how we work. While approved vaccines hold the promise of a return to normalcy when the pandemic recedes, exactly what will our world of work look like and how can companies set themselves up for success? New reports from JLL explore the next chapter of the future of work. They demonstrate that companies with the agility to adapt to new and changing conditions across work, the workforce and the workplace will successfully build their competitive advantage in a post-pandemic world.
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News - Strong demand for European living assets continues
22
Apr
2021

Strong demand for European living assets continues

by Property Forum
New research released by JLL shows that the investment allocation to living assets is set to grow throughout 2021, following the robust performance of the market throughout 2020, which resulted in €83.4 billion being invested into the sector. 59% of investors set to increase investment allocation to European Living assets in 2021, but nearly 80% highlight lack of suitable product as a main barrier to investment.
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News - Immofinanz reports €160 million loss for 2020
21
Apr
2021

Immofinanz reports €160 million loss for 2020

by Property Forum
Immofinanz recorded an increase in rental income and results of property sales in 2020 despite the COVID-19 crisis. FFO 1 (before tax and incl. the S Immo dividend) rose by 0.6% year-on-year to €126.1 million, supported by cost savings. Profit before tax equalled €-160.4 million (2019: €350.1 million). After the deduction of €-5.5 million (2019: €-2.5 million) in income taxes, net loss amounted to €-165.9 million (2019: €352.1 million).
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News - European investment volumes see 35% decrease year-on-year in Q1 2021
21
Apr
2021

European investment volumes see 35% decrease year-on-year in Q1 2021

by Property Forum
The industrial and logistics sector continues with strong momentum while large scale office transactions have slowed in European investment volumes, as many countries saw overall activity halve in comparison to Q1 2020, according to the latest capital markets report by Colliers.
Read more >
News - What’s driving logistics to new highs? Is it only e-commerce?
19
Apr
2021

What’s driving logistics to new highs? Is it only e-commerce?

by Property Forum
Property Forum’s upcoming online event will focus on Romania's dynamically growing industrial and logistics market. Leading landlords, tenants and advisors will come together to discuss the potential of the local market from an international perspective. They will touch up on all the key trends driving the market right now, including e-commerce, city logistics, sustainability and many more.
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Latest news


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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