ARTICLES LABELLED WITH TAG CEE

Immofinanz has received approval from its Supervisory Board to enter into negotiations with its core shareholder CPI Property Group concerning the acquisition of shares in S Immo. Currently, Immofinanz directly holds approx. 26.49% of S Immo. CPIPG directly holds 52.7% of S Immo, which may further increase as a result of CPIPG’s mandatory takeover offer over S Immo.

Rent indexation shall provide for further FFO increase, while low interest cost and improved maturity profile offer downside protection, says GTC. 

Due to strong Q1 activity, partially spilling over from last year, investment volumes for the first three quarters of 2022 totalled €7.5 billion. Year-end 2022 volumes could reach between €9.0 and 10.0 billion, reveals a report by Colliers.

Industrial and logistics developer CTP recorded strong like-for-like rental growth of 4.3% in the first nine months of 2022, while net rental income rose 36.8% to €328.2 million by the end of September compared to the same period of last year. 

Immofinanz has successfully completed the sale of additional office properties. Two office buildings in Vienna were sold to the Austrian Winegg Group for an attractive market price of approximately €60 million. These two properties have 7,000 sqm of space in total and are occupied by long-term tenants.

We can see more interest coming from government entities to rent office space in modern office buildings in CEE. We also see large companies centralising their office spaces in a single building. Property Forum asked Tomasz Lisiecki, CEO of TriGranit about his assessment of these trends.

As service charge budgets are set for 2023, occupiers and landlords with vacancy can expect significant operational cost increases across their real estate portfolios. Property Forum talked to Ryan Wray MRICS, Principal at Avison Young Czech Republic to understand what you can do to make savings and get better value from your budget.

Atalian, the facility management services provider, has expanded its collaboration with tires maker Michelin, adding Serbia in the portfolio, after France and Romania. The partnership between the 2 companies started 12 years ago in France and has been developed over the last decade in Central and Eastern Europe. 

The flow of international capital to Mediterranean countries is still very strong but investors seem reluctant to put more money into the office and retail sectors due to growing economic uncertainties, panellists emphasized in the discussion at the recent CEE Property Forum 2022 in Vienna.

Despite the dwindling economy in Europe, the logistics market in CEE countries has still a bright future ahead, claimed the participants of the logistics panel at CEE Property Forum 2022 in Vienna.