ARTICLES LABELLED WITH TAG Colliers

The Czech industrial real estate market has grown up to 10.14 million sqm in size and surpassed the 10 million sqm mark. In this period, the largest real estate transaction in the history of the Czech industrial market was also registered with a yet undisclosed distributor leasing almost 234,000 sqm, Colliers reported in their last analyses.

The vacancy rate of the Prague Office market has not changed in Q2 2022 and remained at the same value as in the previous quarter. Nevertheless, the rents and service fees continue to rise and the volume of net take-up is the highest since the end of 2019, says Colliers.

Transactions of apartments and houses began to decline starting from the spring of this year, as a result of high energy costs, rising construction materials and fuel prices, in addition to the rising costs associated with mortgages, according to real estate consultancy Colliers. 

Mark Richardson, Director, Head of Industrial and Investment Services at Colliers talked to Property Forum about the impact of the war in Ukraine on the CEE investment market, expected changes in the warehousing sector and the further development of PRS products in Poland and the Czech Republic.

UK-based commercial property fund manager and investor First Property Group concluded the sale of Tureni Logistic Warehouse, with a total area of about 8,300 sqm, in a deal brokered by real estate consultancy company Colliers.

Around 120,000 sqm of retail projects are slated for delivery in the second half of 2022, although some projects could be delayed until the first part of 2023, especially if the developers meet certain difficulties with the construction or leasing process, according to real estate consultancy Colliers. 

Due to the growing interest of companies in locating their business in the Central and Eastern European region, Colliers has launched a new business line within its Strategic Advisory department – Business Consulting, which will cover the entire CEE market. Jan Kamoji-Czapiński, an expert with long-term experience in strategic consulting for foreign companies, who has been supporting Colliers' clients in the EMEA region for the last year, will be responsible for its development.

Collies released its 2021 Global Impact Report today, highlighting the firm’s performance and ongoing commitment to delivering resilient buildings, inclusive workplaces and spaces that promote health and wellbeing for its professionals, clients, and communities.

Most CEE economies have seen faster recoveries post-Covid than Western EU economies, with Poland, Hungary, Romania and the Baltics being especially strong performers. However the global inflationary pressures, higher interest rates and supply chain issues, together with the possible recession in China, might impact CEE economies in the second half of 2022 due to their reliance on capital flows from other parts of the world, reveals a report by Colliers.

Investment transactions worth €336 million were concluded on Romania’s property market in the first semester of 2022, up 13% year-on-year, while for the whole year the sector could generate deals closer to or even higher than €1 billion, according to a report by real estate consultancy Colliers.