The Czech Republic saw investment in real estate tail off slightly in the third quarter to €450 million, but following a strong start to the first half of 2017 when €2.25 billion worth of transactions were closed, total cumulative investment volumes had reached €2.67 billion by the end of September, according to Colliers International.
BPO/SSC take-up totalled over 60% of all-sector office take-up in 4 key BPO cities (Wroclaw, Lodz, Krakow and Sofia) in H1 2017. Vacant stock is diminishing, due to this demand impulse and strong general economic conditions. Labour availability and employee tech knowhow uplift are significant factors which influence the demand for space, according to a report by Colliers International. The key findings of the report include:
Robust GDP growth, wage rises and price inflation are the drivers of retail sales across the CEE region, says Colliers International in its latest research report. Key findings of the report include:
The Platinium 3 office building, managed by Allianz Real Estate, has received a LEED Gold certificate, confirming comfortable working conditions and energy efficiency. The certification process was conducted by Colliers International.
The Bucharest office market saw a net take-up of close to 45,000 sqm in this year’s third quarter. According to data from Colliers International, the demand came mostly from IT and BPO/SSC companies, including from the new entries in the market: Amazon, GoPro and Systematic.
Investment flows into the CEE-6 region’s commercial real estate markets rose 12% y-o-y in the first nine months of 2017. The €7.6 billion closed deal total coupled with a still full pipeline of deals under consideration suggests that the annual cycle high of €12.2 billion invested last year is likely to be matched or overhauled. Substantial growth in Czech and Bulgarian volumes were the drivers of the momentum in the January-September 2017 period, says Colliers International in its latest report.
The increased use of technology is already changing the way industrial property is being built and used. Tim Davies, Head of EMEA Industrial and Logistics Agency at Colliers International United Kingdom talked to Property Forum about e-commerce, robotics, big data and many more.
Slovakia’s commercial real estate market is expected to reach an all-time high in its investment activity this year, according to a market research conducted by Colliers International.
The Czech industrial & logistics real estate market has changed beyond all recognition over the past five years, with the total stock of logistics and warehouse space rising 66% over the period, driven by strong growth in e-commerce and retail, according to Colliers International’s latest Czech Industrial & Logistics Market Barometer.
Labour force is the key factor for auto player’s location decision-making process - says Colliers International in its latest research. The auto producers and component suppliers sector is very important in CEE industrial and is growing. Auto exports ranged from 4.7% of total exports in 2015 in Bulgaria, upwards to 28.0% in Hungary and 34.6% in Slovakia, growing at a regionally-weighted annual rate of 7.4% in the period 2010-2015.
108 Agency Slovakia has secured a lease of 3,392 sqm for a confidential client in the Plus Centrum office building located in Bratislava.
Wella Company, a beauty start-up will move to Brama Miasta by Skanska in Łódź. On approx. 1,500 sqm the company will open their newly created Shared Services Centre – as many as 200 people will work there, including their new IT Center of Excellence.
Dover, a diversified global manufacturer and solutions provider, has leased 1,170 sqm in Globalworth Plaza. The company has a global team of over 24,000 employees and an annual revenue of around $7 billion.
New appointments
Colliers Poland is developing its Workplace Innovation department – Karolina Dudek, PhD has just joined the team as Associate Director. She will use her skills in organisational diagnosis, knowledge of research methodology and design management expertise to support the shaping of sustainable work environments.
Cromwell Property Group has appointed Piotr Goździewicz as senior investment manager for Central and Eastern Europe. He will be responsible for executing a variety of investment strategies of Cromwell and its capital partners in the region with a focus on Poland, Czech Republic and Slovakia.
CBRE Czech Republic appointed Jiří Stránský the new Head of Sustainability. He will be responsible for creating and coordinating solutions for complex ESG strategies, which react to the ever-growing trend of corporate social responsibility and a sustainable approach to the environment in accordance with the Green Deal for Europe.
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