ARTICLES LABELLED WITH TAG Colliers

Nearly a third of buildings on Prague’s office market are over 20 years old. This has posed a problem for many occupants because, in terms of buildings’ sustainability, they are not meeting their ESG targets.

Real estate investment transactions in the Romanian commercial real estate sector totaled €419 million in H1 2024 and could reach around €700 million by the end of the year, surpassing 2023 levels, according to an analysis by Colliers.

The Melea – The Health Concept in Sárvár has become the first building in Hungary to receive the LEED BD+C: Hospitality certification, with the Gold status. The project was assisted by Colliers ESG Team in the certification process.

The industrial and logistics sector in CEE-6 regions attracted on average 27% (€14 billion) of the last five-year investment volume on a rolling basis in the region. The total commercial real estate investment sector hovers on average around €10 billion each year, according to Colliers.

The estimated volume of new industrial deliveries in Romania is set to exceed 500,000 sqm in H2 2024, which would add to the existing stock of 7.1 million sqm.

CBRE has appointed Verka Petkova-Shekerova as Country Head for the Bulgarian market within its Southeast Europe (SEE) office. She is replacing Sladjana Popović, who will continue to lead ESG & Sustainability services department for the region.

The number of employees working in office buildings rose from 40% in Q1 2023 to around 55% in Q1 2024 in the projects managed by Colliers in Romania.

Compared to neighbouring Poland or Slovakia, rental prices for industrial properties in the Czech Republic can run up to one-third higher. Low vacancy rates and a small supply of immediately available space are forcing tenants to prefer more competitive offers from neighbouring countries, as shown in the regular quarterly industrial property market report published by Colliers.

Commercial property investment in Romania amounted to €202 million in Q1 2024, up by 69% compared to the same period of last year, with retail accounting for around two-thirds of the deal volume, according to a Colliers report.

Colliers has promoted Josefina Kurfurstova to the newly created position of Senior Analyst - CEE Business Intelligence covering Bulgaria, the Czech Republic, Hungary, Poland, Romania, and Slovakia.