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News What challenges is the Czech market facing in 2024?
19
Jan
2024

What challenges is the Czech market facing in 2024?

by Property Forum
According to experts from Colliers, the Czech real estate market is facing several challenges this year.
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News Property investments in Romania could hover around €500 million in 2024
18
Jan
2024

Property investments in Romania could hover around €500 million in 2024

by Property Forum
The investments transaction market in Romania totaled around €500 million in 2023, down from a record of more than €1.2 billion in the previous year, in line with lower deal volumes that have been recorded across region and the major international markets, according to a Colliers Romania report.
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News Top Polish construction companies report €20 billion in revenue
17
Jan
2024

Top Polish construction companies report €20 billion in revenue

by Property Forum
Revenue generated by the top 40 construction companies operating in Poland grew in double digits in 2023, in nominal terms, for the third straight year, and it was mostly the effect of the overall substantial growth of construction costs. For these companies to continue to thrive, it is necessary to disburse the EU funding for Poland promptly, including all the funds available under the National Recovery Scheme and the cohesion policy budget for 2021-2027, says Spectis.
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News Bankers remain optimistic despite weak 2023 investment volume
16
Jan
2024

Bankers remain optimistic despite weak 2023 investment volume

by Property Forum
The past year has probably been the weakest since 2009 in terms of the volume of investments in real estate, both in the Czech Republic and throughout Central and Eastern Europe (CEE). This conclusion has resulted from the KPMG Property Lending Barometer survey. It has involved representatives of 48 banks from 10 CEE countries.
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News Property investors look to expand Romanian portfolios
11
Jan
2024

Property investors look to expand Romanian portfolios

by Property Forum
The Romanian property market remains attractive for investments, with 65% of investors surveyed by Cushman & Wakefield Echinox saying they are looking to expand their presence in the local market.
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News Commercial land deals fall in Romania during 2023
11
Jan
2024

Commercial land deals fall in Romania during 2023

by Property Forum
The volume of commercial land sales in Romania excluding the industrial segment fell by less than 10% to €450 million during 2023 compared to the previous year, according to a Colliers report.
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News Investment activity to regain equilibrium in Poland
10
Jan
2024

Investment activity to regain equilibrium in Poland

by Property Forum
Uncertainty and volatility have been the two dominant trends shaping the commercial real estate market and buyer sentiment in recent months. However, according to the latest report from Cushman & Wakefield, the Polish market, whose fundamentals remain strong, is broadly expected to regain equilibrium. Change is being seen in the number and types of real estate transactions taking place – due to the constrained availability of safe prime assets for sale on the office market and high financing costs, investors seeking higher returns are turning their focus to higher-risk transactions. With retail footfall figures for large schemes back at satisfactory levels after the pandemic and attractive asset pricing, the retail market has become an interesting sector for bargain hunting. The warehouse and logistics sector continues to feature prominently on investors’ radars.
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News Charitable foundation builds housing for IDPs in Ukraine
09
Jan
2024

Charitable foundation builds housing for IDPs in Ukraine

by Property Forum
The first project of the charitable foundation Housing For IDPs - the Socialization Centre for IDPs for 19 families - will be opened in the Irpin community at the beginning of the year.
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News 2024 could be a harsh year for CFOs in CEE
08
Jan
2024

2024 could be a harsh year for CFOs in CEE

by Michał Poręcki
2024 will be a challenging year for many companies in the CEE real estate sector that will have to refinance their loans at new, increased costs. Those that need to redeem their corporate bonds in the coming quarters may also have a lot of problems.
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News Retail drives Czech investment market in 2023
04
Jan
2024

Retail drives Czech investment market in 2023

by Property Forum
Savills recorded 40 transactions closed in 2023 in the Czech commercial real estate sector with a total investment volume of €1.2 billion. Investment volume in 2023 was down 32% in comparison to 2022. 31% of investment transactions in 2023 were closed in Prague.
Read more >

Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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