ARTICLES LABELLED WITH TAG CEE

The results after the first three quarters of 2021 are showing an upward trend with all the main parameters above the comparable for 2020. GTC published its Q1-Q3 2021 results.

Despite the ongoing disruption of the pandemic, investment volumes for the first three quarters of 2021, totalling €7.3 billion, are down just 10% year-on-year and ca. 20% lower than the same period of 2019.  Colliers estimates that 2021 year-end volumes will reach similar levels as in 2020 of between €10.0 and €11.0 billion.

The international consulting company Cushman & Wakefield has summed up the third quarter of 2021 for the commercial real estate market in the CEE region. The investment volume at the end of the third quarter of the year amounts to €6.7 billion and is nearly 13% lower than for the same period in 2020.

Although real estate development, investment and lending to the sector have taken a beating due to the pandemic's effects on the global economy, according to the results of the latest edition of KPMG’s Property Lending Barometer, property lending has gained an increased importance for banks in 2021, as on the one hand real estate loan portfolios are deteriorating, and, on the other, market conditions continue to gradually improve. Moreover, the tougher times mean that lending institutions within the region are able to pick and choose what types of developments and investments to grant loans to under stricter terms and conditions.

According to Savills, investment in the European real estate market is forecast to exceed last year’s level by at least 15% and reach around €270 billion in 2021, with the living sectors and logistics markets likely to account for a significantly higher proportion of total investment than their historic averages. Preliminary estimates of the investment volume in Poland after the third quarter of this year show the absolute dominance of the logistics sector.

Colliers is starting a new business line - Living Services - from the services offered so far by the Corporate Finance department. The new line will focus exclusively on projects in the living sector and will be offered to clients operating not only in Poland but in the entire CEE region.  

Poland is leading the industrial market in terms of yearly deliveries and e-commerce is creating strong demand across Central and Eastern Europe, pointed out speakers during the logistics panel of CEE Property Forum 2021, Property Forum’s first real-life event back in Vienna since 2019 which was attended by over 400 people coming from countries all over the region and beyond.

Real estate consultancy CBRE has named Joanna Sinkiewicz as Head of Industrial and Logistics for Central and Eastern Europe (CEE). 

The GDP growth estimate of up to 5% for countries in Central and Eastern Europe (CEE) will attract more institutional money in the regional property markets, suggested speakers during the local & cross-CEE investment panel of CEE Property Forum 2021, Property Forum’s first real-life event back in Vienna since 2019 which was attended by over 400 people coming from countries all over the region and beyond.

Professional services and investment management company Colliers today announced that Dorota Paclawska has been promoted to Chief Financial Officer (CFO) for Central and Eastern Europe (CEE), effective October 1, 2021.