ARTICLES LABELLED WITH TAG CEE

In H1 2022, GTC’s net profit amounted to €41 million in H1 2022 (compared to €21 million in H1 2021). This mainly resulted from a strong operating performance combined with profit from revaluation/impairment of assets and lower finance cost, partially offset by an increase in foreign exchange differences loss.

Existing income-producing assets with a reasonable capital value per sqm and strong tenants will be a winner for many investors in the upcoming period. Avison Young has published its CEE property investment market report for H1 2022.

Due to the growing interest of companies in locating their business in the Central and Eastern European region, Colliers has launched a new business line within its Strategic Advisory department – Business Consulting, which will cover the entire CEE market. Jan Kamoji-Czapiński, an expert with long-term experience in strategic consulting for foreign companies, who has been supporting Colliers' clients in the EMEA region for the last year, will be responsible for its development.

Most CEE economies have seen faster recoveries post-Covid than Western EU economies, with Poland, Hungary, Romania and the Baltics being especially strong performers. However the global inflationary pressures, higher interest rates and supply chain issues, together with the possible recession in China, might impact CEE economies in the second half of 2022 due to their reliance on capital flows from other parts of the world, reveals a report by Colliers.

CTP has appointed Patrick Zehetmayr as Chief Financial Officer. Current CFO Richard Wilkinson will now focus on his previous dual role as Deputy CEO primarily overseeing the Company’s Central and Eastern European markets.

Alexandru Pascu, Regional Key Accounts Manager CEE at Atalian, spoke to Property Forum about the impact of ESG policies on the demand structure for facility management services and the growing role of technology in shaping the buildings of the future.

The Purpose-Built Student Accommodation (PBSA) sector is recording an increase in rents across Europe, consolidating a trend that has been observed in recent years. On average, rents increased by 9.7% (970 BPS) in the academic year September 2021–September 2022, with some significant spikes in Central and Eastern Europe (CEE), according to research by Bonard. The growth of rents is shaped by the interplay between increased demand and rising inflation and interest rates.

According to Cushman & Wakefield, with office fit-out costs in Warsaw averaging €1,010 per sqm, the Polish capital came third in the CEE (Central and Eastern Europe) region behind Belgrade (€1,121 per sqm) and Prague (€1,037 per sqm). London takes the top spot in EMEA with an average fit-out cost of €2,798 per sqm.

Property Forum talked to Andrew Sim, Managing Director for Europe and Horațiu Florescu, Chairman & CEO Knight Frank Romania, Hungary, Bulgaria, Greece & Serbia, about the segments driving property investments in CEE and the impact of rising inflation and interest rates on transactions.

Due to the significant development of the e-commerce sector inquiries have risen rapidly for smaller units in city logistics centers in 15 CEE countries, Colliers International reports.