ARTICLES LABELLED WITH TAG CEE

Martin Miklas was named the new CFO of HB Reavis. He took this position over from CEO Marian Herman, who had kept these responsibilities even after becoming CEO last year. Martin, so far, has mostly been responsible for the non-real estate businesses of HB Reavis shareholder.

A new report by Colliers International and international law firm CMS has revealed that Central and Eastern Europe may be facing a significant shortfall in student housing in the next 10 years. The firms’ third annual joint Real Estate report, ‘Student housing in CEE – the next big thing?’ looks at the evolution of the student housing sector in the core CEE-6 countries, and canvasses views from investors on the relevance of CEE student housing as an asset class and their expectations for the future.

As shopping centre markets reach maturity in most European countries, there will be growing polarisation between successful prime schemes and struggling secondary sites which have to diversify to survive, according to new research from Cushman & Wakefield.

The increased interest of global corporations in coworking spaces was a notable trend that impacted on the office markets of the four largest capital cities in Central and Eastern Europe (CEE) in 2018. The total flexible office stock of Budapest, Moscow, Prague and Warsaw stands at 286,000 sqm, accounting for approximately 1% of the combined office market of these cities (29.9 million sqm). Demand generated by coworking operators in 2018 made up 5% of the overall office take-up in the CEE capital cities.

As CEE economies and commercial real estate markets grow in size, they also grow in scope to include new sectors. Student accommodation has been one of the most successful of the new options for investors and developers in Western Europe to consider over the past ten years. The same may happen in the CEE region over the next decade, according to the third annual Colliers-CMS joint CEE Real Estate Compass report which is themed on student housing.

The BNP Paribas Real Estate Poland team was joined at the beginning of March by Piotr Krawczyński who took up the position of Head of Capital Markets CEE. His responsibilities will include client acquisition and coordination of property purchase/sale transactions across Central and Eastern Europe. Furthermore, his scope of duties will also involve consultancy services in respect of property investment finance.

The TriGranit Board has appointed Tom Lisiecki as the new Chief Executive Officer of TriGranit. Mr Lisiecki arrives from CityCon, having been based in Stockholm where he served as Chief Development Officer. Prior to it, he spent 13 years with TriGranit, working in the last years as Chief Investment Officer and Country Director – Poland, having been involved in all TriGranit’s projects.

Globalworth announced that Aroundtown SA has acquired an 11.8% stake in the Company. Aroundtown is a real estate company with a focus on properties with value-add potential in central locations in top tier cities primarily in Germany and the Netherlands. With a commercial real estate portfolio worth more than €13 billion, Aroundtown is the largest and highest rated (BBB+ by S&P) commercial real estate company in Germany and the 4th largest in Europe (based on market cap of €8.6 billion).

Investment market momentum is still firmly positive across Central and Eastern Europe but an increasing share of market players feel that commercial property has become expensive in the countries surveyed by the RICS Commercial Property Monitor. Although the majority of the survey’s contributors believe that the market is in the peak phase of the property cycle, growth is set to continue in the coming year.

Money from East Asia burst on to the CEE scene in 2016-17, mainly via large industrial sector portfolio deals. The industrial sector received the majority of 2018’s flow as well, though diversification via larger single asset deals is beginning to occur. Asian investors appear to need liquidity: looking by CEE-6 destination, Poland presently dominates.