Construction and assembly output generated by Polish construction companies in foreign markets has hit an all-time high of €1.55 billion, but this is still below the potential of domestic contractors. Importantly, a considerable change to the structure of companies engaged in foreign orders took place in recent years – the centre of gravity has shifted from the biggest construction groups to smaller companies with a specialised focus.
The Polish commercial real estate market is in the best shape it has ever been, posting a record-high investment volume that exceeded €7 billion in 2018. Office and industrial sectors, in particular, are setting new highs with last year’s trading volumes at nearly €2.6 billion and nearly €1.9 billion, respectively.
2018 ended with a significant premiere on the local real estate market: Romanian investors ranked second in the generated volumes by nationality. Almost €200 million were spent to buy commercial properties (about a quarter of the total volume), a significant leap of more than five times compared with 2017, according to Colliers International.
Stable rents and yields unscathed by increasing supply of office and industrial space – this is what Cushman & Wakefield Forton expects to see on the Bulgarian commercial property market in 2019, according to the company’s latest forecast.
2018 was an all-time record year for the real estate investment market in Poland with more than 100 transactions completed with a total volume of over €7.2 billion, reflecting an impressive nearly 45% growth year-on-year, according to Savills.
In Greek mythology, Icarus flew too near to the sun, melting the wax on his wings and he plunged into the sea. According to Colliers International’s new research, this might be a correct analogy for the current state of the construction markets in CEE.
After the success of Madrid and Milan, the RICS is delighted to announce the European Retail Conference will return in 2019 in a brand-new location – Amsterdam on the 12th February 2019. The focus of the 2019 conference is how innovators, disruptors, and business model shifts are shaking up the retail sector.
Unissu.com has today launched its platform to the property industry. The business, which has classified over 6000 PropTech businesses from around the world, aims to help property professionals navigate the ongoing digital transformation of the industry. Property Forum is the exclusive regional partner for Unissu in Central & Eastern Europe – Austria, Poland, the Czech Republic, Slovakia, Hungary and Romania.
How are companies adapting to the changing trends in workplace solutions? What is fundamentally different in the requirements of younger employees? How can employees use the workplace as an expression of company identity? The participants of the office leasing panel at Balkans Property Forum 2018, moderated by Michael Smithing FRICS, Former Member of the Europe and Hungary Boards of RICS, discussed new trends in workplace solutions.
The Bucharest Court of Appeal has ruled that 224 hectares of land in Bucharest’s Baneasa area, home to some of Bucharest’s largest retail projects and the U.S. Embassy, must return to the state. The decision is not final and can be challenged, zf.ro reports.
Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Milan, Germany, Bucharest, Budapest, Belgrade, Bratislava and Prague.