The information on investment transactions in the Czech real estate sector for H1 2019, collected by Cushman & Wakefield, indicates a significant increase in volume. The figure achieved – €1.743 billion – shows that the decrease in 2018 was just a sway and not a real trend. The real estate market is expected to thrive in the latter half as well and its total performance could exceed €3 billion.
Employees working in modern offices in Bucharest spend an average of 46 minutes between home and work, while 52% of them consider the commuting time to be long or too long, according to the first edition of the Working Habits and Commuting Patterns study, realised by Cushman & Wakefield Echinox.
In 2018, CTP achieved gross rental income of nearly €274 million, a 16% year-on-year increase. During the year CTP grew its CEE portfolio by over 13%, reaching the milestone of 5 million sqm under management. Total asset value increased year-on-year by over 10% to €4.8 billion. The company’s LTV ratio decreased slightly to 48%.
Despite the fact that the Polish construction market is projected to grow at a slower pace in the coming years, investment potential remains considerable for most of the regions. The total value of the 960 largest investment projects underway or planned in Poland is estimated at a staggering PLN 420 billion (€100 billion), i.e. nearly twice as much as the annual value of the construction market as a whole, according to the findings of the latest report from research company Spectis, “Construction market in Poland 2019-2025 – an analysis of 16 regions”.
Following several successful transactions in Prague (Waltrovka, Rustonka, Main Point Pankrác), the sale of Bratislava’s Twin City Tower marks another major Central European deal involving a Korean investor. Cushman & Wakefield, which over the course of the past few months has helped bring a total of €600 million of Korean capital to the region, summarised the phenomenon.
Experts from Colliers International have analysed how the group of over half million Warsaw’s employees, who spend half of their day at work, deals with food. The report ‘Eating in office buildings’ provides the analysis of eating habits in Warsaw office buildings and presents trends for today and tomorrow.
Two large transactions in excess of €200 million that closed in Q1 and pipeline transactions of at least €1.5 billion point to the overall investment volume for 2019 exceeding the figures achieved in 2018 in 2019, according to the latest research from Colliers International.
Panellists of the CEE investment roundtable of Prague Property Forum 2019, led by Mike Atwell, Head of Capital Markets Czech Republic and Lead Director CEE at JLL discussed the key trends shaping the regional investment market. They agreed that the low interest rate environment is probably here to say but it's very difficult to say for how long.
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