BNP Paribas Real Estate in CEE announced the appointment of Marcin Klammer as CEO, effective on June 4th, 2018.

Valuers are often listed among the professionals most likely to be affected by technology but few believe that all of their tasks can be done by robots. Stewart Thomson, Country Head for the Czech Republic at BNP Paribas Real Estate shared his expectations for the investment market and the future of the valuation business.

Nearly 55% of last year’s supply of new offices in Budapest came in the form of two schemes: Timpuri Noi Square I & II (33 000 sqm) and The Bridge (36 000 sqm). It is thanks to these developments that the total office stock in Romania’s capital reached the threshold of approx. 3.2 million sqm. BNP Paribas Real estate’s analysis highlights that tenant expectations in respect of high-quality space made developers focus mainly on supplying Class A office buildings to the market.

Marek Pohl assumed the role of Head of the Valuation Department at BNP Paribas Real Estate in Prague, thus obtaining a promotion from the position of Senior Property Valuer.

The retail consultancy department of BNP Paribas Real Estate Poland, extends its competences and offers with a fully comprehensive platform RAM (Retail Active Management). It will support retailers, developers, investors and managers. The scope of activities of the new department that focuses on strategic consultancy, will be led by Fabrice Paumelle.

As of January 2018, BNP Paribas Real Estate was selected to provide property management services for a real estate portfolio of 60,000 sqm commercial properties owned by OTP Real Estate Investment Fund. The mandate consists of 4 buildings: Akadémia Park, Szépvölgyi 22, Raday 42 and a logistics park in Gyál, at the outskirts of Budapest.

After the first three quarters of 2017 the warehouse market continues to be the fastest and most dynamically growing commercial property sector in Poland. According to the latest report by BNP Paribas Real Estate Poland, since the beginning of the year the total volume of modern warehouse space has increased by 13.6%. Q3 2017 was dominated by Szczecin with the completion and delivery of the country’s largest warehouse scheme: Panattoni BTS Amazon Szczecin, with the area in excess of 161,000 sqm.

In Q3 the modern retail market in Poland grew by nearly 140,000 sqm of GLA. This is a significant increase as compared to the first half of the year when only a mere 26,000 sqm of GLA within 5 schemes were completed. Notably, the first IKEA store was delivered in Lublin with the residents of Poland’s eastern regions in mind. According to BNP Paribas Real Estate Poland, the end of the year is set to bring more than 200,000 of GLA sqm in new retail projects.

In Q3 2017, the stock of modern office space in Warsaw has increased by more than 76,000 sqm and thus exceeded the 5.3 million sqm threshold. By the end of the year, another 80,000 sqm may appear on the largest office market of Poland, which would mean a total of 5.4 million sqm. The key market development trends, according to the report by BNP Paribas Real Estate Poland, are the consistently improving position of the Wola district on the local office market and the growing popularity of co-working projects located in the best schemes.

The Property Management department at BNP Paribas Real Estate Poland ran the rebranding process for the shopping centres that have recently changed hands from Ikea Centres Polska to the Pradera fund. The new name and corporate design can now be seen in Polish and German locations.