Albania remains a dynamic real estate market, growing in both the retail and office sectors. The COVID-19 pandemic had a definite impact in the first quarter of 2020, but with the ease of the quarantine restrictions, the real estate market picked up and recorded higher than usual transaction volumes, particularly in the residential sector. Colliers Albania published its top 5 predictions for the Albanian property market in 2021.
Over 230 real estate projects in Romania have been certified to meet health, safety and sustainability standards and the pandemic has boosted the efforts of developers to meet targets for such ratings, according to Colliers.
Slovenian company Iskra has become the new owner of a pharmaceutical industrial/logistics asset in Montenegro, located in Donja Gorica, on the outskirts of Podgorica. In addition to this acquisition, Iskra also bought several pharmacies in Montenegro, ekapija reports.
Considering the market history before the pandemic period, Colliers consultants are optimistic about the capacity of the market to recover and that the investors’ interest in this market will again come back in time, though the next few years will certainly prove difficult ones.
2020 was a record year for industrial and logistics investment volumes with ca. €3.3 billion transacted and a 32% share of the total annual volumes, according to “The CEE Industrial Scene 2020-2021” released by Colliers.
After a year in which the volume of investments amounted to about €900 million, 2021 will not be as rosy. Colliers consultants foresee a total volume for commercial real estate transactions in excess of €500 million. They also see room for a slight decrease in yields by the end of the year for prime office and prime industrial, if the economy, political and monetary system will be satisfactory.
Colliers International Romania launches a new service, with Office 360°, a complete approach of the office, which will allow business managers to shape their future workplace strategy using an innovative online tool created by the company.
108 Agency has secured the renewal of 2,800 sqm for its client ČSAD Invest Logistics in Prologis Park Bratislava.
CA Immo has leased 1,400 sqm of office space in the Missouri Park office building, currently under construction in Prague 8 – Karlín, to law firm Allen & Overy.
DSV Solutions, an international logistics services provider has extended its current contract at Panattoni Park Sosnowiec I and expanded its leased area by another 2,750 sqm. JLL represented DSV Solutions during negotiations.
Gábor Gratzl has reinforced the WING team as Business Development and Transaction Manager since February 2021. Prior to his current position, he worked as a senior investment advisor for the CBRE Hungary Capital Markets Consulting team for more than five years.
Jana Prokopová has been appointed Leasing & Asset Director for the Czech Republic at Skanska‘s Commercial Development business unit.
Karolina Furmańska has joined the Consulting & Research team of Cushman & Wakefield Poland as a Senior Residential Analyst with responsibility for advisory to PRS clients. Prior to joining C&W, she was a member of JLL’s Living Investment Team, which was responsible for transaction advisory comprising rental apartments, purpose-built student accommodation, co-living and other income-producing assets in the residential sector.
Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Budapest, Bucharest, Bratislava and Prague, amongst other locations.