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News 2020 investment volumes for CEE to be 20% lower than in 2019
28
Oct
2020

2020 investment volumes for CEE to be 20% lower than in 2019

by Property Forum
CEE Investment volumes for the Q1-Q3 2020 period have reached ca. €8.0 billion and are 12% down compared to the same period of 2019. Poland attracted €4 billion which represents 50% of all volumes in this period. Average transaction sizes are up 31.5% and the number of transactions is down 32% according to Colliers International. Despite investor appetite remaining strong for CEE, year-end volumes are likely to reach €10-11 billion, ca. 20% lower than in 2019.
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News Banks in CEE now prefer to finance industrial/logistics assets
28
Oct
2020

Banks in CEE now prefer to finance industrial/logistics assets

by Property Forum
The industrial/logistics asset class is presently the most attractive for a majority of banks in Central & Eastern Europe (CEE) following the breakout of the COVID-19 pandemic, according to results from the latest edition of KPMG’s Property Lending Barometer (PLB), an annual study by the global audit and advisory firm that attempts to measure banks’ lending sentiments in Europe’s property markets. That preference lies in contrast to where most bank finance in Europe has typically landed prior to COVID: the office segment.
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News Romania’s investment market remains strong despite persisting uncertainty
22
Oct
2020

Romania’s investment market remains strong despite persisting uncertainty

by Property Forum
Experts of the international investors’ panel at SEE Property Forum 2020, a hybrid event organised by Property Forum and RICS, agreed that Romania’s property investment market has matured a lot in recent years but the lack of liquidity is still an issue. They also confirmed that COVID-19 makes it difficult to forecast the future direction of the market and it makes certain market players, especially banks, more cautious.
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News How will Croatia’s new government impact the construction sector?
15
Oct
2020

How will Croatia’s new government impact the construction sector?

by Property Forum
It’s at last becoming possible to assess the consequences for Croatia’s construction sector of the country’s July 2020 elections. Jockeying for governmental positions, COVID-19- and tourism-season-related priorities and other pressing matters prevented the new Croatian Democratic Union (HDZ) led government from moving on its larger agenda until recently. Now, though, the political picture, and the impact of the elections on Croatia’s construction sector, is getting clearer, according to a report by the Eastern European Construction Forecasting Association.
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News Poland’s data centre market set for dynamic growth
13
Oct
2020

Poland’s data centre market set for dynamic growth

by Property Forum
Data centres are becoming an important segment of commercial real estate and the COVID-19 pandemic turned out to be an impulse for its accelerated growth. There are currently 115 data centres in Poland, of which the highest number is located in Warsaw (35), Katowice and Kraków (13 each). Axi Immo anticipates the market to develop further, especially following the decision by IT giants Google and Microsoft to add Warsaw to their list of global cloud regions, with a pledged investment of $2 billion and $1 billion respectively over the coming years. Axi Immo experts have prepared a report on the Polish data centre market, its requirements and specific features.
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News European data centre investment volume skyrockets
13
Oct
2020

European data centre investment volume skyrockets

by Property Forum
There was a monumental €26 billion (£23.5 billion) investment into the European data centre sector for the first half of 2020, despite the impact of COVID-19, according to a report by Knight Frank in partnership with DC Byte. This is over four times the $5 billion annual average figure and a colossal increase on last year’s $2 billion investment volumes. Take-up in H1 2020 was also 50% higher year-on-year at 282MW.
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News Manufacturing to create significant warehouse demand in Europe
12
Oct
2020

Manufacturing to create significant warehouse demand in Europe

by Property Forum
According to Savills’ latest research, Europe will see an additional 11.6 million sqm of warehouse demand due to the manufacturing sector by the end of 2022, based on Capital Economics forecasts data.
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News Less investors go for office assets in Poland
12
Oct
2020

Less investors go for office assets in Poland

by Property Forum
As of the end of Q3 2020, €3.9 billion have been transacted on Poland’s property market since the beginning of the year. The result is slightly lower than in the years 2018 and 2019, however, it is worth noting that despite the investors’ “wait and see” strategy at the beginning of COVID-19 pandemic, the outcome is still impressive. As many investors are returning to transactions which were put aside, multiple deals should be closed within the last quarter of the year which has always been a period of intense activity on the market, according to a report by Avison Young.
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News CTP Group records €99 million profit in H1 2020
09
Oct
2020

CTP Group records €99 million profit in H1 2020

by Property Forum
In the first half of this year, CTP Group recorded a profit of €99 million with gross rental income reaching €152 million during the period. Despite the coronavirus pandemic, in the second quarter of this year CTP Group recorded an increase in rental income, which reached €72 million, a 16% year-on-year increase. CTP Group was also able to sign new long-term leases for 345 thousand sqm signed in 1H 2020.
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News 95% of investors expect market recovery within 12 months
08
Oct
2020

95% of investors expect market recovery within 12 months

by Property Forum
According to the latest insights from Colliers International, investment activity in commercial property in Europe is expected to rebound to reach €100 billion in Q4, following a robust turn-around in larger, post-COVID deals in Q3. This would take investment volumes for the whole year to around €270 billion, only 14 per cent down on activity in 2019, provided smoother waters prevail and the market isn’t further shocked by external geo-political or macro-economic factors.
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Latest news


New leases

  • The company PKB Inwest Budowa has announced that the retail chain Lidl Polska will be a tenant of the newly developed Retail Park in Garwolin. The investment will include the construction of 3 buildings with a total area of 11,045 sqm. GLA. One of of them with an area of over 2,100 sqm will be occupied by a Lidl Polska shop.
  • Peek & Cloppenburg has chosen the Szczecin Galaxy shopping centre to make its debut in West Pomerania in Poland. The brand's only shop in this part of the country will be almost two thousand square metres in size.
  • The Enel-med clinic chain is opening two new outlets in Wrocław: 510 sqm in Sagittarius Business House and 1,374 sqm in the Infinity office building.

New appointments

  • Angelika Majkowska has taken up the position of HR director at Apsys Poland. Angelika, who has been with the company since 2013, will be responsible for complex HR policies in an organisation with a structure involving more than 19 teams in various locations.
  • Filip Krstičević is joining iO Partners in Zagreb as Regional Manager, focusing on leasing and land deals across the region. With a strong track record of acquiring land sites and developing residential and commercial properties in both Croatia and Australia, Filip is well placed to support international investors entering the Croatian market.
  • The Management Board of Globe Trade Centre S.A. has announced that on 18th of March, 2024 the company accepted Barbara Sikora's decision to resign from the company's authorities.

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