ARTICLES LABELLED WITH TAG CEE

Accolade has expanded its management team with the addition of a new director responsible for the commercialisation of the entire group's portfolio. Joanna Sinkiewicz brings over 16 years of property industry experience and will be responsible for achieving the company's strategic goals.

Most retailers want to attract customers in-store through omnichannel, while e-commerce is not meeting the expectations of food retailers, concluded speakers in the rediscovering retail panel of CEE Property Forum 2023, held in Vienna last month.

Is the hotel market in CEE coming back strongly? According to the participants of a panel discussion at the CEE Property Forum 2023, the answer is „definitely yes”. The event took place at the end of September in Vienna.

P3 Group has released its condensed consolidated interim financial statements for the six-month period ended 30 June 2023. The company reported continued strong operational and financial performance. 

According to a survey conducted by Savills involving real estate investors with total Europe and Middle East assets under management (AuM) exceeding €500 billion, almost a third of investors are looking to adopt a more aggressive, value-added investment strategy over the next 12 months. This is up from 14% on last year’s survey, with only 28% expecting to deploy a more defensive strategy over the next 12 months, down from 55% last year.

During the first half of 2023, investment activity remained low due to increased financial costs and an uncertain outlook. As a result, there was a need for more price discovery across all sectors. In Poland, we are witnessing a similar tendency in European countries and the United States, and one of these trends is a reduction in investment volume. The rise in interest rates had a significant impact on transaction valuations and investment activity, leading to a challenge in determining the size, speed, and duration of price adjustments. JLL experts presented an analysis of investors' activity in Poland in comparison to CEE countries.

iO Partners, JLL’s preferred partner, has opened a new office in Belgrade, Serbia. From this location, the real estate consultancy will also cover neighboring countries including Croatia, Slovenia and Montenegro. 

Despite the slowdown, the CEE investment market remains strong with local investors playing a more vital role than ever. The most active dealmakers discussed what sells today and will drive market activity tomorrow at CEE Property Forum 2023 in Vienna.

Marie Baláčová has been named Partner at Cushman & Wakefield. She will also lead the business development services team for the CEE and Nordics region. The new role is a part of the company’s new operating model aiming at more efficient collaboration of market research, marketing and communications experts across countries and regions, further supporting advisory services to clients. 

NEPI Rockcastle has officially opened its €136 million Promenada Craiova shopping centre in central southern Romania.