ARTICLES LABELLED WITH TAG CEE

News Colliers: CEE logistics are going ballistic
26
Mar
2020

Colliers: CEE logistics are going ballistic

by Property Forum
Colliers International in CEE intends to update some of the more rapidly changing data and market sentiment on a weekly basis and then to provide Q1 market sector updates as they become available or as they develop. Below is this week’s summary.
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News CPIPG reassures investors on financial stability
26
Mar
2020

CPIPG reassures investors on financial stability

by Property Forum
CPI Property Group has prepared an update for its stakeholders regarding the Group’s response to the challenges posed by the COVID-19 outbreak.
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News CA Immo achieves record result in 2019
26
Mar
2020

CA Immo achieves record result in 2019

by Property Forum
CA Immo presented its financial results for 2019 with a significant increase in recurring earnings (+13%) and rental income (+15%).  The company expects challenging conditions on CA Immo's core markets due to COVID-19.
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News CTP offers short-term rentals to help supply chains run smoothly
25
Mar
2020

CTP offers short-term rentals to help supply chains run smoothly

by Property Forum
Throughout the region, CTP is offering clients the opportunity to lease warehouse space for short terms. This measure comes in response to the concerns being raised by the COVID-19 situation regarding the stability of the retail supply chain.
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News NEPI Rockcastle remains confident about rental revenue
25
Mar
2020

NEPI Rockcastle remains confident about rental revenue

by Property Forum
NEPI Rockcastle provided an initial update concerning the impact of the COVID-19 related government measures on its activities in an announcement dated 17 March 2020. Since that date, the authorities in Romania, Serbia and Croatia have increased the safety measures to contain the spreading of COVID-19. New measures include temporarily limiting the operations of some of its shopping centres’ tenants.
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News NEPI Rockcastle donates €150,000 to Red Cross
25
Mar
2020

NEPI Rockcastle donates €150,000 to Red Cross

by Property Forum
NEPI Rockcastle is donating €150,000 to the International Red Cross Organization aimed for supporting the efforts of preventing the spread of COVID-19. The amount of money will be distributed according to the current medical needs and will be used for the purchase of disinfectant substances or items vital in slowing the spread of the virus. Public awareness campaigns will also be supported.
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News Currency depreciation could hit occupiers hard in CEE
24
Mar
2020

Currency depreciation could hit occupiers hard in CEE

by Property Forum
The COVID-19 pandemic continues to cause multiple disruptions to the world’s industries and economies and this is also true for many CEE currencies. Those countries that have not adopted the Euro, or are not pegged to it, have each seen a ca. 10% depreciation in currency value during the period February to March 2020. The Romanian Leu is the exception which has depreciated just 1%, largely due to central bank intervention, Colliers reports in its CEE Special Insights Series.
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News Economic stimulus and rate cuts in CEE
24
Mar
2020

Economic stimulus and rate cuts in CEE

by Property Forum
Governments in the region keep introducing economic aid packages. Property Forum’s daily summary looks at the measures taken to ease the impact of the COVID-19 crisis on households and businesses.
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News Erste: a recession in CEE is possible
23
Mar
2020

Erste: a recession in CEE is possible

by Property Forum
Erste Bank Group anticipates an economic slowdown for 2020 in most CEE countries due to the coronavirus situation. The bank’s report mentions a negative scenario as well, which would result in a massive recession in the region.
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News UniCredit expects V-shaped recession in Austria
23
Mar
2020

UniCredit expects V-shaped recession in Austria

by Property Forum
Austria’s economic growth curve is set to follow a V-shaped course in the wake of the coronavirus and the containment measures implemented, according to Bank Austria, a member of UniCredit Group.
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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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