ARTICLES LABELLED WITH TAG CEE

Over the next six months, Prologis will bring to market nine modern, sustainable buildings in the Czech Republic, Hungary, Poland and Slovakia. The developer currently has nine logistics facilities under construction in CEE totalling around 200,000 square meters of space.

On 6 November 2018, Property Technology Forum Europe 2018, a conference and networking event for the proptech industry and real estate professionals from all over Europe will be held in Warsaw. Nearly 200 guests will come together in the Polish capital to discuss the future of the real estate industry and to explore the latest innovations in the profession. The mission of the event is to create a common ground for true collaboration between proptech startups, property professionals and occupiers.

There is room for online and conventional channel retail to continue co-existing side by side in the short to medium term in the CEE-6 markets, according to Colliers International. The solid further €71.5 billion expansion of retail sales out to 2022, 4.9% growth per annum overall, creates enough evolutionary room for multiple concepts to continue thriving. Conservative growth scenario sees e-commerce in CEE-6 expanding 8.8% per annum from a baseline of €13.1 billion to €20 billion.

The competitive advantages and strengths of the CEE region are well known to investors. But new factors have emerged that may play a central role in the medium and long-term. For example, there is a marked shift from cost efficiency to quality and knowledge-based operations across all sectors of the CEE economy. How is the tenant structure in CEE changing? Does growth in the BSS sector show any signs of slowing down? How do the legal and fiscal structures in CEE countries compare to those in Western Europe? All the answers to these and other important questions can be found in this year’s CEE Investment Report 2018: New Frontiers of Growth by Skanska, CBRE, Dentons and PwC.

According to Colliers International’s EMEA Industrial & Logistics Hubs report, demand for industrial and warehouse property rose in 50% of EMEA markets in H1 2018, up from 35% in H2 2017, driven by positive occupier sentiment, and despite challenges in the overall economy such as protectionism fears and trade tensions between the US and close trading partners in the EU.

On October 1, 2018, the Tokyo Stock Exchange approved a program listing application from CPI Property Group for listing on the professional-oriented Tokyo Pro-Bond Market

What is the size of the e-commerce marketplace in the CEE region? How much more might online sales activity grow in the coming years? What are the implications for the demand for the logistics and retail real estate arenas in the CEE-6 countries? The latest research by Colliers International assesses these key questions that will shape the marketplace for real estate space in these sectors going forward. 

The first six months of 2018 haven’t been the strongest for the Hungarian investment market but the current pipeline of deals leaves much room for optimism regarding the remaining months of the year. Benjamin Perez-Ellischewitz MRICS, Regional Director and Head of Capital Markets Hungary at JLL talked to us about new investments, rising asset classes and game-changing technologies. 

Immofinanz has successfully closed the package sale of its roughly 26% investment in CA Immobilien Anlagen AG to SOF-11 Starlight S.à r.l., a member company of the Starwood Capital Group.

In Central and Eastern Europe, hotel owners are experiencing record months in terms of average daily rates which was the primary driver of the double-digit RevPAR (Revenue per available room) growth recorded by central European cities in 2017. The growing trend was also seen in the first half of this year (H1 2018). The only exception was Warsaw where RevPAR dropped slightly due to declining occupancy, yet the prices of rooms increased as in other capitals. The higher room rates translated to notable gains in hotels’ profitability which brought significant interests from investors. The lack of hotel properties available for sale and shortage of development sites in prime locations is turning attention to conversions of existing buildings into hotels. As the demand continues to grow and the development pipeline remains limited in most markets (except for Warsaw and Vienna), profitability is expected to stay strong also in the coming years.