ARTICLES LABELLED WITH TAG CEE

News Poland to register quickest revenue recovery among CEE countries
30
May
2021

Poland to register quickest revenue recovery among CEE countries

by Ákos Budai
Commercial property is viewed as having below-average risk levels in most CEE countries. Revenues from different asset classes are expected to recover to pre-COVID levels most rapidly in Poland, according to the RICS Global Commercial Property Monitor for Q1 2021.
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News There are more and more retail parks in CEE
28
May
2021

There are more and more retail parks in CEE

by Property Forum
Smaller retail facilities up to 20,000 sqm, such as parks, have proved their resilience to the pandemic in Central and Eastern Europe and remain attractive for investors. In Poland, 170,000 sqm of new supply in retail parks is planned for 2021, with 120,000 sqm in Romania, and 70,000 sqm in the Czech Republic, according to CBRE data. In all countries in the region, consumers and investors appreciate their locality, with development opportunities in small towns, supplying the most important needs and ensuring greater safety in the pandemic.
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News CA Immo continues portfolio growth in Q1 2021
26
May
2021

CA Immo continues portfolio growth in Q1 2021

by Property Forum
Supported by sustained portfolio growth in 2020 and the completion of profitable property sales and project pre-letting in Q1 2021, CA Immo is starting 2021 with a positive first quarterly result. All key financial figures were increased compared to the previous year, and the value of property assets rose to €5.7 billion. A sustainable result (FFO I) of at least €128 million is expected for 2021, and FFO I of at least €140 million for the post-pandemic financial year 2022.
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News GTC bets on Poland, Hungary, green bonds and a capital increase
25
May
2021

GTC bets on Poland, Hungary, green bonds and a capital increase

by Michał Poręcki
Yovav Carmi, CEO and Ariel Ferstman, CFO of Globe Trade Centre talked to Property Forum about GTC`s recent acquisitions, the sale of the Serbian office portfolio, coping with COVID-19's long-term effects and their new investment strategy.
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News GTC sells Serbian office portfolio to Indotek Group
24
May
2021

GTC sells Serbian office portfolio to Indotek Group

by Property Forum
Globe Trade Centre has decided to sell its Belgrade office portfolio to the Hungarian investor Indotek Group. The proposed acquisition price is €267.6 million, exceeding the book value of GTC’s Serbia portfolio as of 31 December 2020. The agreement will cover the sale of 11 buildings within 5 business parks of a total 122,175 sqm GLA with high occupancy rates, located in the New Belgrade district. Once completed in Q3 2021, the sale will become one of the largest real estate transactions in the last 5 years on the CEE market.
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News Small town workspaces possess huge potential
21
May
2021

Small town workspaces possess huge potential

by Property Forum
As more people get vaccinated and offices are reopening, companies need to make a decision on how to manage their workforce. Employees that worked remotely for much of the past year will now circulate between work from home and commuting to the office. But do employees really want to work from home or from the office 5 days a week? CEE-based flex office provider New Work believes that the future belongs to flexible workplaces everywhere and they see demand for hundreds of flex office locations across each country in the region.
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News C&W appoints new leaders in CEE office and industrial agencies
19
May
2021

C&W appoints new leaders in CEE office and industrial agencies

by Property Forum
Cushman & Wakefield recently announced new appointments to its enhanced CEE leadership team. These appointments are to support regional client requirements with the best possible services. Key business areas, including office agency and industrial & logistics agency, have been reinforced with new CEE appointments.
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News GTC appoints new Transactions Director
19
May
2021

GTC appoints new Transactions Director

by Property Forum
GTC has appointed Eszter Salamon to the position of Transactions Director. Her in-depth sector knowledge and experience in real estate and financial operations will boost GTC’s optimization and expansion goals. As Transactions Director, Eszter Salamon will be responsible for real estate transactions across all GTC markets as the investor plans completion of large-scale transactions in various markets in the upcoming period.
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News CEE investment volumes in 2021 to reach levels of 2020
18
May
2021

CEE investment volumes in 2021 to reach levels of 2020

by Property Forum
According to Colliers, CEE 2021 year-end investment volumes are likely to reach similar levels to 2020. CEE economies are expected  to accelerate  throughout 2021 and 2022, at an average pace of ca. 4.3% annually
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News Construction costs in Bucharest are higher than in Prague or Warsaw
18
May
2021

Construction costs in Bucharest are higher than in Prague or Warsaw

by Property Forum
Arcadis has published the annual results of the International Comparison of Construction Costs which demonstrates that the building industry has shown its resistance worldwide during the pandemic. Many governments took advantage of fiscal stimuli to support their economies, which has reflected an increase in infrastructure investment of the public sector. Within CEE, Vienna (#30) has by far the highest construction costs, followed by Zagreb (#64), Bucharest (#65), Sofia (#66), Prague (#66), Warsaw (#70), Belgrade (#72) and Krakow (#75).
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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