ARTICLES LABELLED WITH TAG coronavirus

2020 was a channelling year for investors and asset managers but also a chance to lay a new foundation for tenant relationships. Vladimír Bolek, Portfolio Management, Member of the Board at IAD Investments talked to Property Forum about the effects of the pandemic and shared his investment strategy for 2021.

Poland saw 33 new schemes delivered to the market in 2020 despite retail being in crisis. What does the future hold for the newly-built and existing shopping centres and retail parks? Beata Kokeli, Head of Retail Agency at Cushman & Wakefield, talks about trends in the retail sector.

Katowice-based real estate developer DL Invest Group, which has managed to build a significant portfolio of office, retail and logistics assets across Poland, sees further growth potential in all three major asset classes. Dominik Leszczyński, Founder and CEO of DL Invest Group shared his expansion strategy for the coming years with Property Forum.

What the future holds for the office market has been one of the hottest topics of debate ever since the pandemic struck. What changes are to be expected in the office sector after the pandemic? Katarzyna Lipka, an expert of Cushman & Wakefield, outlines key trends for 2021 and beyond.

December turned out to be a good month for construction companies and producers of building materials, according to the latest monthly report by research company Spectis, “Construction market in Poland – February 2021”. However, the outlook for the construction industry in 2021 remains moderately bleak, mostly because of a high comparison base of Q1 2020. That the second half of the year could see an upturn is yet suggested by higher order books reported by the top 20 construction companies.

Total new units sold in Poland’s six largest markets in 2020 exceeded 53,000, a mere 19% y/y decline during the pandemic. Maintaining market prices meant that in terms of sales value, last year’s excellent performance was comparable to previous boom years. JLL summarizes Polish residential market.

Close to 130,000 sq m was delivered to the market across all retail formats in Q4 2020, bringing last year’s total new supply to more than 340,000 sq m. Despite pandemic-related restrictions and successive lockdowns (7-28 November and from 28 December onwards), the fourth quarter witnessed 11 new retail completions and an outlet centre extension. Newly built schemes were sized under 20,000 sq m, and nearly half of the Q4 2020 new supply was delivered in cities below 50,000 inhabitants. Cushman & Wakefield summarizes current situation on Polish retail market.

The latest annual report by specialist business property advisor Christie & Co reflects on the themes, activity and challenges of the previous year and forecasts what 2021 might bring across the hotel investment sector in various European countries.

Nikodem Iskra, CEO of Murapol, one of the largest residential developers in Poland, believes that in 2021 the residential market will shake off the effects of the pandemic. He foresees further increases of apartment prices – in his opinion record-low interest rates are not only stimulating the mortgage market, but are also a strong impulse for investment activity

Though significantly affected by the COVID-19 pandemic and its impacts, the hotel market sees activity and interest from hotel operators. In the CEE & SEE regions, they are showing interest in Prague, Budapest and Warsaw, with a number of smaller regional cities – mostly Polish – also making the top 30. Operators are confident about market recovery, predicting that smaller cities will bounce back in 2022, followed by capitals in 2024.