ARTICLES LABELLED WITH TAG CEE

Real estate investment flows into the Central & Eastern European region rose 17% year-on-year in the first half of 2017 to €5.4 billion, putting 2016’s cycle high of €12.2 billion well in 2017’s range, according to Colliers International’s latest report.

Total real estate investment in Europe reached €74 billion in Q2 2017, representing a 25% increase on the same period last year, according to CBRE. Central Europe as a region proves to be more attractive to international investors than last year with Hungary accounting 15% of the overall investment volume.

CTP recently closed on two acquisitions, known among the CEE real estate industry as the Aviva and IPEC deals. The company acquired two buildings in the Czech Republic and two buildings in Romania. At the same time, CTP disposed of two non-core assets in Bratislava and Prague.

7 million citizens of the CEE-6 countries reside in Western Europe and the return of even a relatively small portion of these would boost regional GDP, stimulating the development of real estate markets, says Colliers International in its latest research report "Labour Force Boomerang"

On 19 September 2017 the fifth edition of CEE Property Forum, organized by Property Forum in partnership with the Royal Institution of Chartered Surveyors (RICS) will gather leading real estate professionals and top executives from Central & Eastern Europe to analyse the potential of the regional real estate market from a global perspective. 70 speakers and more than 400 visitors will come together in Vienna, creating a unique networking opportunity. 

Globalworth Real Estate Investment has successfully priced a €550 million Eurobond.  The five-year euro-denominated bond matures on 20 June 2022 and carries a fixed interest rate of 2.875 per cent payable annually beginning on 20 June 2018. The company has applied for the bond to be traded on the Irish Stock Exchange.

Occupier and investment sentiment continues to be positive across Central and Eastern Europe according to the RICS Commercial Property Monitor for Q1 2017. Similarly to last quarter, Hungary remains the most upbeat market globally with the Czech Republic also performing remarkably well. The picture is slightly more mixed in Croatia and Romania, still, near term momentum remains positive in the two markets.

Central Europe’s smallest capital has attracted a lot of interest from investors in 2016 with more and more major players keeping their eyes on Bratislava in 2017. Nearly 20 speakers and more than 100 guests came together in the Slovak capital at the first ever Bratislava Property Summit, organised by Property Forum in cooperation with RICS.

Investment flows into the CEE region rose 70% year-on-year in Q1 2017. The level of €2.8 billion is some €0.5 billion higher than the preliminary estimate of €2.3 billion Colliers International published at the beginning of April. Money invested into the Czech Republic  (56% share) and Hungary (19% share) contributed particularly to the significant jump. Looking within the numbers, the retail sector accounted for nearly half (47%) of the flows, leaving the office sector trailing with a 21% share. Of interest and also a sign of buoyant economic growth, the fastest growth was seen in the hotel sector with a portfolio transaction contributing to the €415mn total (a 15% share). 

Tenant representation is becoming an increasingly common phenomenon on the office markets of Central Europe, which is without a doubt a sign of a healthy, growing and more educated market. Their activity, however, often raises ethical questions as it’s still often unclear who pays for their services. Conflict of interest in tenant representation has been one of the key topics of two regional events: the Property Forum - RICS Prague Property Summit 2017 and the latest RICS Hungary Tea & Talk in Budapest.