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.
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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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News - Where will we work from once the pandemic is over?
13
Apr
2021

Where will we work from once the pandemic is over?

by Property Forum
Property Forum’s upcoming free-to-attend virtual event aims to answer some of the many questions around the future of workplaces. As the pandemic has forced many employees into remote working, many offices around the world sit empty and nobody’s sure when they’ll be filled with life again. One thing seems certain: the way we design, build, use and operate offices will change forever. The question is: how?
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News - Bank financing is still the only way for most real estate companies
09
Apr
2021

Bank financing is still the only way for most real estate companies

by Property Forum
The latest online panel discussion by Property Forum focused on real estate financing strategies in the second pandemic year. Influential bankers, CFOs and advisors discussed, with the moderation of Csanád Csürös, CEO of Property Forum, how the perception of real estate as an asset class has changed and how the pandemic impacted financing conditions.
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News - S Immo reports €56.9 million profit for 2020
08
Apr
2021

S Immo reports €56.9 million profit for 2020

by Property Forum
S Immo generated a profit of €56.9 million for the financial year 2020, closing the year well in the black despite the COVID-19 crisis.
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News - CPI announces dismissal of NY defamation lawsuit
08
Apr
2021

CPI announces dismissal of NY defamation lawsuit

by Property Forum
CPI Property Group updated its stakeholders regarding a defamation claim filed in June 2020 by Kingstown Capital Management L.P. and Investhold LTD against CPIPG and Radovan Vitek in New York State court.
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News - Colliers presents top predictions for the Albanian market in 2021
07
Apr
2021

Colliers presents top predictions for the Albanian market in 2021

by Property Forum
Albania remains a dynamic real estate market, growing in both the retail and office sectors. The COVID-19 pandemic had a definite impact in the first quarter of 2020, but with the ease of the quarantine restrictions, the real estate market picked up and recorded higher than usual transaction volumes, particularly in the residential sector. Colliers Albania published its top 5 predictions for the Albanian property market in 2021.
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News - Prague’s PBSA market set to grow further
07
Apr
2021

Prague’s PBSA market set to grow further

by Property Forum
The total stock of purpose-built student accommodation (PBSA) in Prague exceeds 28,400 beds. 91% of these capacities are in the ownership of universities and the remaining 9% is provided by the private sector, according to the latest Savills “Student Housing in Prague” report.
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Latest news


New leases

  • Globalworth announced the signing of a lease agreement with B+N Integrated Facility Services, part of the international facility management company LIWO Group, which operates across nine European countries. B+N will occupy approximately 1,500 sqm of office space in Green Court D, Globalworth’s newest development in Bucharest, currently under construction in the Aurel Vlaicu area and scheduled for completion in 2027.
  • 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.

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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