ARTICLES LABELLED WITH TAG Colliers

The volume of investment in the regional real estate market during H1 2023 was one of the lowest in Central & Eastern Europe. Poland accounted for most of the regional transaction volume at 42%, followed by the Czech Republic with 34%. Total transactions in the Czech Republic in H1 amounted to approximately €692 million, a 42% year-on-year decline and a 9% decrease compared to the same period in 2021. The retail sector saw growing demand, accounting for approximately 61% of transactions. In Q2 of this year, the volume of transactions in the Czech Republic reached €298 million, down 27% compared to the previous quarter, reports Colliers in the survey.

Skanska has obtained the WELL Core & Shell certification at the Gold level for Building C of the High5ive office complex located in Kraków. This is the first project in the city to be awarded such certification at the highest score.

Bulgaria's real estate market in the first half of 2023 showcased a mix of stability, growth, and adaptability, according to the latest investment market overview from H1 2023, issued by Colliers. The main challenge for commercial real estate remains the ongoing business climate unpredictability.

Strategic joint ventures and sale and leaseback deals are some of the emerging structures that are gaining ground in the commercial real estate investment industry in the EMEA, shows a Colliers report.

The retail sector has been leading the investment activity in the first half of 2023 across CEE, having a share of 35% of the total volume of transactions that reached around €2.02 billion, according to a Colliers report.

Desk sharing is beginning to take root in Czech offices. Not only does it make office space usage more efficient, but it also offers employees greater comfort. In fact, companies usually invest up to half as much in standard, individual workstations as they would in traditional office layouts, reports Colliers.

The total industrial and logistics stock for the CEE-12 region has grown to exceed 65 million sqm, with 25 million sqm situated in and around the 12 capital city markets. Poland maintains the largest I&L market and is approaching the 30 million sqm mark, reveals a new report by Colliers.

There is growing interest in mixed-use projects in the Czech Republic. These are spaces that combine offices, shops, housing, and various forms of social activities. Unfortunately, the construction of such spaces in the Czech Republic still lags behind that in neighbouring countries. The main reason for this is the very long building permitting processes. In Poland, for example, it takes only a few months to get a building permit, whereas here it usually takes years.

Despite the COVID-19 pandemic and the introduction of hybrid working, the office market in Sofia has been developing extensively in recent years. Demand continues to increase, mainly due to IT and outsourcing sector representatives, and supply still cannot fully meet it. However, property developers in regional markets are still exercising caution when initiating new investments. These are some of the main conclusions of Colliers' latest report on offices in regional cities in Bulgaria.

Investment transactions in Romania’s commercial property market totaled €120 million in Q1 2023, which was almost double compared to the same period of last year. The deal volume was driven by industrial and office projects, according to a Colliers report.