Governments in CEE countries have introduced further measures to ease the impact of the coronavirus crisis on the economy. Property Forum summarised the latest actions.
Colliers International in CEE intends to update some of the more rapidly changing data and market sentiment on a weekly basis and then to provide Q1 market sector updates as they become available or as they develop. Below is this week’s summary.
MIPIM announced that its 2020 edition, previously scheduled to take place June 2-5 in Cannes, is transforming into a two-day, Paris-based gathering in September and an online platform, MIPIM Connect, available year-round. The next edition of MIPIM in Cannes will take place March 16-19, 2021.
Policy-makers face the harsh dilemma of having to mitigate an economic slowdown and revenue shortfalls, in addition to a rapidly growing infection rate. The biggest challenge for the next couple of months will be to determine how long lockdown measures should be kept in place.
Property Forum’s first virtual event will bring together influential investors, bankers and advisors to analyse the potential short- and long-term impacts of the coronavirus crisis on property investments in the CEE region.
Throughout the region, CTP is offering clients the opportunity to lease warehouse space for short terms. This measure comes in response to the concerns being raised by the COVID-19 situation regarding the stability of the retail supply chain.
NEPI Rockcastle provided an initial update concerning the impact of the COVID-19 related government measures on its activities in an announcement dated 17 March 2020. Since that date, the authorities in Romania, Serbia and Croatia have increased the safety measures to contain the spreading of COVID-19. New measures include temporarily limiting the operations of some of its shopping centres’ tenants.
NEPI Rockcastle is donating €150,000 to the International Red Cross Organization aimed for supporting the efforts of preventing the spread of COVID-19. The amount of money will be distributed according to the current medical needs and will be used for the purchase of disinfectant substances or items vital in slowing the spread of the virus. Public awareness campaigns will also be supported.
Although the coronavirus pandemic has the world (and the property sector) facing an unprecedented challenge, one positive consequence seems to be certain – it is going to accelerate the adaptation of technology. Property Forum asked three people in proptech to share their thoughts on how COVID-19 is going to impact the way we work and connect to each other.
Raiffeisen Bank International AG will take up 1,500 sqm of office space in Monopol office centre in Warsaw. The lease was negotiated by Colliers International.
KiK is a new tenant in Funshop Park Focșani, developed by Scallier. The store of 640 sqm will open this year.
108 Agency has secured a lease of 7,800 sqm of commercial space for company Van Eupen in P3 Lovosice with a strategic position in the desired location in the Ústí nad Labem region.
New appointments
CBRE Romania has promoted Florin Ianculescu-Popa to Director of Valuation within the Valuation & Advisory team.
Romanian developer One United Properties has appointed a certified expert accountant, Cosmin Samoilă as Chief Financial Officer.
Cornelia Dragomir has been promoted to Associate Director Valuation within the Valuation & Advisory team of CBRE Romania.
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.
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