ARTICLES IN Report TOPIC

26
May
2017

Czech investment market closes record quarter

by Ákos Budai
The Czech property market saw exceptionally strong investment flows into commercial real estate in Q1 2017 worth €1.57 billion, which was almost double the transaction value compared with the same period of last year, according to Colliers International.
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25
May
2017

What do millennials and Gen Z employees want?

by Ákos Budai
The Budapest office market is booming and as the needs of tenants are changing, developers need to pay attention not only to sustainability but to employee well-being as well. Panelists at Portfolio’s FM & Office 2017 conference in Budapest talked about the future of the office market in the capital.
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18
May
2017

Megaprojects are transforming the Budapest skyline

by Ákos Budai
Fenced-off construction sites, scaffold-enfolded buildings and grandiose developments – often only in plans – have become characteristic of the Budapest property market. Just four years after the deepest point of the recession, there is hardly any indication of those hard times left. The upwards trend exists not only on the residential market, but also on the office market, which impacts the majority of companies and employees. The largest investors adapted to the renewed demand and began building massive numbers of office buildings, and entire new areas of the city are being born.
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18
May
2017

Tenants and developers look at smaller cities in Poland

by Ákos Budai
After record-breaking 2016, there are still good prospects ahead of Poland’s warehouse market. Regional markets will gain in attractiveness owing to the improving transport infrastructure, availability of investment lands and employees that begin to lack on the most popular markets – according to a report by Colliers International entitled “New locations, new possibilities. Logistic centres vs. labour market”, which was prepared in cooperation with Randstad Poland. 
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17
May
2017

Investors go for retail in the Czech Republic

by Ákos Budai
Retail property investments continue to attract investors´ attention within the EMEA region as well as in the Czech Republic. Due to a lack of quality retail schemes available for purchase in the European core markets, investors´ interest has been broadening in terms of geographies as well as retail asset classes. The latest JLL study summarises the trends on the European retail market from an investors´ perspective. 
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11
May
2017

Local investors dominate the Czech market

by Ákos Budai
CBRE sees continuing strong demand from investors in the Czech Republic across the core sectors of office, retail and industrial with an increased demand for more specialist sectors such as hotels and residential. The retail sector in Q1 clearly dominated with more than €900 million transacted, followed by the office sector with a 20% share of total market volume.
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11
May
2017

Tenant representation - An ethical landmine?

by Ákos Budai
Tenant representation is becoming an increasingly common phenomenon on the office markets of Central Europe, which is without a doubt a sign of a healthy, growing and more educated market. Their activity, however, often raises ethical questions as it’s still often unclear who pays for their services. Conflict of interest in tenant representation has been one of the key topics of two regional events: the Property Forum - RICS Prague Property Summit 2017 and the latest RICS Hungary Tea & Talk in Budapest.
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05
May
2017

Technology will determine the future of offices

by Ákos Budai
JLL has launched a report exploring the impact of technology, data and digital disruption on work spaces and real estate investment strategies. The report focuses on the office sector over the next 15 years, looking at how occupiers, developers and investors will need to view real estate differently and adapt in order to enhance investment returns and create work spaces that are fit for purpose in a rapidly changing, highly-connected world.
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03
May
2017

CBRE publishes Budapest office and metro map

by Ákos Budai
The Váci Road office corridor, the central business district (CBD) and the inner quarters of Pest are the most significant office locations in Budapest. The Budapest office of CBRE has synchronized its office market database with the metro lines and stations to highlight the current status of the city’s office market.
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02
May
2017

Is Budapest ready to become a smart city?

by Ákos Budai
Smart buildings and smart infrastructure are essential parts of a liveable, sustainable, future-proof and truly smart city, something that population centres all over the world aspire to be. Things have started going in the right direction but the Hungarian capital still has a long way to go before it can establish itself as a smart city. The vision of Budapest as smart city, officially approved by the City Council, was presented at the latest Green Talk, organised by RICS and the Hungary Green Building Council (HuGBC).
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Latest news


New leases

  • CPI Property Group has relocated its headquarters to the Warsaw Financial Centre. The legal, technical, marketing and PR teams will take up close to 800 sqm of office space.
  • German medical furniture manufacturer Stiegelmeyer has leased 3,600 sqm of warehouse space in GLP Toruń, which will be used as the company’s European distribution hub.
  • The women's underwear manufacturer Agio Milano has decided to rent 800 sqm of warehouse space in a private investment located near Ożarów Mazowiecki near Warsaw. AXI IMMO was responsible for negotiations on behalf of the tenant.

New appointments

  • The Board of 7R has appointed Katarzyna Dorocińska to the position of Head of Marketing and Communications. Katarzyna's main responsibilities will include the creation and implementation of a new marketing and communication strategy for the 7R brand.
  • Bartłomiej Krzyżak, formerly Director in the Investment Department, has been promoted to Senior Director at Avison Young. Bartłomiej has been at Avison Young from the very beginning of the company’s entry into the Polish market. He has 12 years of professional experience gained also in CBRE, Cushman & Wakefield and Savills.
  • Roman Babic has joined CBRE's Zagreb corporate office as Property Manager within the Property Management department.


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