Monika Bronicka, Director and Head of Valuation and Advisory at Avison Young talked to Property Forum about the current challenges to the valuation of properties under rapidly-changing market conditions in Poland.

Increasing costs of energy and construction materials have visibly reinforced the need to think about the carbon footprint of the real estate industry through construction and building efficiencies. Benjamin Perez-Ellischewitz, Principal at Avison Young in Hungary talked to Property Forum about the impacts of the pandemic and the war in Ukraine on the real estate market and shared his thoughts about companies’ evolving approach toward ESG.

Barely has the pandemic subsided, the investment market is already facing new challenges due to the war in Ukraine. The end of the first quarter of the year was partly influenced by the new geopolitical situation when the whole real estate market held a breath. Despite new circumstances, ongoing transactions are closing, which is reflected in Q1 2022 investment market results. Furthermore, regional investors from Lithuania, the Czech Republic, Hungary and Slovakia are keeping their interest in real assets located in Poland.

Real estate advisor Avison Young has announced Wesley Thomson has joined the firm as Director of ESG, UK & Europe, to lead ESG strategy in the region.

As the pandemic forced many of us to shift a work-from-home routine, some people predicted that “the office is a dead concept” and that it will never return. I would agree that the office as we knew it is actually really dead, but the “new office” is here and all of us need to adapt to it, writes Petr Florián, Associate Director, Office Leasing at Avison Young in the Czech Republic for Property Forum in an opinion piece.

Avison Young is strengthening its team to provide its clients with first-class office leasing services in the Czech Republic. For the post of Associate Director, the company has appointed Petr Florian to develop its Office Leasing service line.

Poland’s convenience retail market has seen dynamic growth during 2020 and 2021 with several significant investment transactions closed and many new developments launched. Michał Ćwikliński MRICS, Principal, Managing Director and Paulina Brzeszkiewicz-Kuczyńska, Research and Data Manager at Avison Young in Poland talked to Property Forum about the trends driving this market segment.

There is a belief that ESG costs money but in fact, the opposite can be true, says Stefan de Goeij, Head of Property Management at Avison Young in the Czech Republic. He talked to Property Forum about compliance, commitment and tackling all the components of ESG in the real estate industry.

Poland’s investment market continued to attract significant investment activity in 2021 with an annual transaction volume of €5.9 billion. A record number (166) of transactions were closed by 80 active investors, according to Avison Young’s annual investment market summary. The company expects that 2022 will see the great comeback of the office sector through increased interest in core and core+ assets in both Warsaw and regional cities.

Avison Young has advised M7 Real Estate in the disposal of the Mokotow Plaza office building in Warsaw. The buyer is Vienna-based investor FLE GmbH, entering Warsaw office market with this purchase.