News - Office and retail dive Hungary’s investment market
21
Feb
2020

Office and retail dive Hungary’s investment market

by Property Forum
In 2019 the volume of property investment transactions on the Hungarian market decreased slightly in comparison with the previous year (€1.75 billion), however, the total value of transactions has been higher than €1.5 billion every year since 2016. There was a strong and stable demand for office and retail properties, with the volume of hotel sales also increasing significantly, according to Eston International’s H2 2019 investment market report.
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News - CPI’s property portfolio value reaches €9.1 billion
20
Feb
2020

CPI’s property portfolio value reaches €9.1 billion

by Property Forum
CPI Property Group published its unaudited profit and credit estimates for the financial year ended 31 December 2019.
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News - New investors increase competition for the best assets in Romania
17
Feb
2020

New investors increase competition for the best assets in Romania

by Property Forum
In the last five years, the Romanian real estate market has attracted over 20 new investors from all over the world, the most active of them making acquisitions with a total value of approximately €1.5 billion, according to Cushman & Wakefield Echinox.
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News - Romania’s green building stock exceeds 250 buildings
13
Feb
2020

Romania’s green building stock exceeds 250 buildings

by Property Forum
Over 250 buildings and real estate projects in Romania have been certified as ‘green buildings’ after one of the international sustainable schemes, BREEAM, LEED, EDGE and WELL, according to data by green building consultant BuildGreen.
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News - CEE sets real estate investment record
07
Feb
2020

CEE sets real estate investment record

by Property Forum
According to JLL, CEE's real estate investment volume for 2019 hit €14.0 billion. Poland registered over 55% of this total (€7.7 billion) and was followed by the Czech Republic (€3.1 billion), Hungary (€1.7 billion), Slovakia (approx. €770 million), and Romania (approx. €683 million).
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News - Labour costs weigh on construction companies in Poland
05
Feb
2020

Labour costs weigh on construction companies in Poland

by Property Forum
Business confidence among Polish construction companies tumbled early this year, with the heaviest burden, as perceived by the enterprises, coming from labour costs and tax levies. Decline in confidence is chiefly due to such factors as an over 15% increase in the minimum wage and a 10% hike in social insurance contributions faced by sole traders operating in the construction industry. On top of that, large construction businesses are required to conduct Employee Capital Schemes (PPK) or the alternative solution of Employee Pensions Schemes (PPE).
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News - Further yield compression expected in Poland
31
Jan
2020

Further yield compression expected in Poland

by Property Forum
Last year brought yet another record on the Polish investment market. Throughout 2019, the total transaction volume amounted to €7.8 billion which is higher 2018’s figure of €7.2 billion). Thus, Poland has once again proved that it is an attractive and increasingly more liquid market, according to Avison Young’s latest investment market report.
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News - Record year for student housing, 2020 is set to be even stronger
30
Jan
2020

Record year for student housing, 2020 is set to be even stronger

by Property Forum
Student housing continued its record growth last year, booking over €9bn in international transactions, excluding the US. As student numbers are growing faster than supply, the asset class remains a top-4 sector prospect for investments in 2020, as shown by a recent study carried out by global research specialist Bonard.
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News - Property Forum joins World Workplace Europe 2020 as media partner
24
Jan
2020

Property Forum joins World Workplace Europe 2020 as media partner

by Property Forum
The International Facility Management Association (IFMA) and its alliance partner Facility Management Netherlands (FMN) have announced that in 2020 World Workplace Europe will again be held at the Kromhouthal in Amsterdam, 18 to 20 March. Property Forum is proud to support the event as media partner.
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News - Is the real estate industry becoming more sustainable?
22
Jan
2020

Is the real estate industry becoming more sustainable?

by Property Forum
Sustainability is top of the agenda this year at Davos as governments and businesses around the world are grappling with ways to combat climate change. Of the four global issues the World Economic Forum has said “clearly stand out as urgent and important” at the annual meeting in Switzerland, the first two are how to address environmental challenges harming our ecology and economy, and figuring out how to transform industries to achieve more sustainable business models. The built environment has a huge role to play in developing and implementing solutions, with technology, investment and robust governance central to success, according to the City Momentum Index report from JLL.
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Latest news


New leases

  • DHL Supply Chain has leased 3,000 sqm for its new European HQ in Budapest-based Liberty Offices, in a deal brokered by iO Partners. DLA Piper Hungary acted as DHL’s legal advisor.
  • Griffes has announced the leasing of 6,000 sqm of office space in Bucharest-based Unirii View. Out of the total volume, 2,000 sqm represent new tenants joining the tenant roster, while three tenants expanded operations and grew their space take-up in the building.
  • The first Gorąco Polecam store in Lubin has opened at BIG Lubin retail park. The new 151 sqm unit is in a newly designed development building featuring a large 160 sqm patio.

New appointments

  • Krzysztof Szargawiński has joined Avison Young Poland’s Office Agency team as an Associate Director. In his new role, Krzysztof will be responsible for leading the department’s projects in the Wrocław region. He brings over 20 years of experience in the Polish commercial real estate market, gained primarily in Wrocław, Warsaw, and Katowice.
  • Balázs Kun has joined Avison Young Hungary as Director, Industrial, Land & Development. He brings over 5 years of experience in the Hungarian real estate market, most recently serving at CBRE in the Industrial and Logistics department.
  • CBRE Investment Management announced the firm is evolving the leadership model in its EMEA Direct Real Estate business. Under the enhanced structure, Rik Eertink will assume the role of President and CIO of EMEA Direct Real Estate, after serving as President of EMEA Direct Real Estate for the past five years.

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