ARTICLES LABELLED WITH TAG CEE

News Prologis closes H1 2020 with better than expected results
10
Aug
2020

Prologis closes H1 2020 with better than expected results

by Property Forum
Over the second quarter, Prologis turned in a strong result both globally and in Europe, despite ongoing uncertainty due to the COVID-19 pandemic. The logistics sector remained resilient during the period with robust take-up levels and declining vacancy thanks to tight supply and sustained and growing demand.
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News Banks in Europe expect a slow recovery
16
Jul
2020

Banks in Europe expect a slow recovery

by Property Forum
Banks in Europe are expecting a slow recovery in the wake of the COVID-19 pandemic, and while they forecast that hotel and retail loan portfolios will likely be hit more considerably than office and other real estate asset classes, the majority of them believes that the impairment will be in the range of a few percentage points up to 10% in total. These are some of the early findings from the COVID-specific section of this year's edition of KPMG's Property Lending Barometer, due to be published in autumn 2020.
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News Gazeley rebrands as it closes Goodman acquisition in CEE
16
Jul
2020

Gazeley rebrands as it closes Goodman acquisition in CEE

by Property Forum
Industrial property specialist Gazeley announced that it is adopting the GLP brand name following its acquisition by the global investment manager in 2017. In addition, GLP announces that it has closed on the acquisition of Goodman Group’s Central and Eastern European logistics real estate portfolio.
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News CEE’s manufacturing industry increases productivity
09
Jul
2020

CEE’s manufacturing industry increases productivity

by Property Forum
CEE’s highly skilled and lower cost workforce, its well-established track record and competitiveness in industrial production coupled with the fact that the region has enabled manufacturers to generate higher levels of economic output at disproportionately lower operating costs is a compelling case for continued FDI into the region, according to Colliers International.
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News How’s COVID-19 affecting the manufacturing sector?
09
Jul
2020

How’s COVID-19 affecting the manufacturing sector?

by Property Forum
As the manufacturing sector begins to reopen around the world, new trends are emerging in response to the global COVID-19 pandemic, according to new research by Cushman & Wakefield.
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News Only two CEE capitals see office take-up growth in Q1 2020
01
Jul
2020

Only two CEE capitals see office take-up growth in Q1 2020

by Property Forum
Colliers expects that a fair amount of market activity in 2020 will come from lease renegotiations and renewals as opposed to new and pre-lease transactions and that we might record more sub-leases being offered if companies need to downsize. Tenant covenants will receive additional scrutiny by landlords, banks and investors in order to limit risk to a sustainable income. Colliers launched the ExCEEding Borders Office Snapshot for the 14 CEE capital cities and summarised the key Q1 2020 market results with year on year comparison.
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News S Immo reopens almost all assets
25
Jun
2020

S Immo reopens almost all assets

by Property Forum
Shops, restaurants and hotels have opened again in nearly all of the markets in which the listed real estate investment company S Immo AG operates. Romania was the last to reopen, as the strict restrictions remained in place significantly longer there. However, hotels have been operating without restrictions and all shops have been open here as well since Monday, 15 June 2020. T
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News New Work plans to raise €15 million by issuing new shares
23
Jun
2020

New Work plans to raise €15 million by issuing new shares

by Property Forum
New Work, a CEE-based flexible office space provider, launches its Series C capital increase. Its business focus will be on the development of services that address the challenges of the COVID-19 pandemic.
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News Immofinanz announces extension of Executive Board appointments
16
Jun
2020

Immofinanz announces extension of Executive Board appointments

by Property Forum
The Supervisory Board of Immofinanz extended the Executive Board appointments for COO Dietmar Reindl and CFO Stefan Schönauer for a period of five years as of 1 May 2021, i.e. to 30 April 2026. The composition of the Executive Board remains unchanged with Ronny Pecik (CEO), Dietmar Reindl (COO) and Stefan Schönauer (CFO).
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News S Immo closes Q1 2020 with €31.5 million write-down
04
Jun
2020

S Immo closes Q1 2020 with €31.5 million write-down

by Property Forum
In Q1 2020, S Immo’s rental income rose by around 10% in annual comparison to €31.1 million (Q1 2019: €28.4 million). The FFO I – a key figure for operating performance – advanced by 27.8% to €13.8 million (Q1 2019: €10.8 million). At the same time, the results on property valuation turned negative to reach minus €31.5 million in the wake of the COVID-19 pandemic (Q1 2019: plus €9.9 million). This corresponds to around 1.3% of the IFRS real estate assets. All in all, the company saw a loss for the period of €21.4 million as of 31 March 2020 (Q1 2019: profit for the period of €15.1m million).
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Latest news


New leases

  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.
  • SNF, a company operating in the beauty sector, has renewed its lease for approximately 2,300 sqm of warehouse and office space at Prologis Park Poznań I. Axi Immo represented the tenant in the transaction.

New appointments

  • 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.
  • Maciej Wieczorkiewicz is joining the Avison Young Technical Advisory team in Poland. Maciej is an experienced engineer with many years of experience in managing fit-out projects and investments in the commercial property sector. During his career development, he has worked for companies such as Made In Terior, TECAS Fitout and Colliers Define.

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