ARTICLES LABELLED WITH TAG coronavirus

In view of the COVID-19 pandemic, Immofinanz has decided to reschedule the 27th Annual General Meeting (AGM) which was originally planned for 22 May 2020. The AGM will now be held on 1 October 2020 in Vienna. This change will also result in the postponement of the resolution on the use of profit for 2019 and a dividend payment.

Property Forum’s next virtual event will take a closer look at the immediate and long-term effects of the coronavirus lockdown of real estate financing in CEE. Hear the economic outlook of Commerzbank’s Senior EM Strategist and listen to the discussion of influential bankers. Participants will also have the chance to ask questions and share their personal experiences.

AFI Europe Romania announces the rescheduling of the opening date for AFI Brasov, the largest shopping centre project to be delivered in Romania in 2020. Initially planned for the spring of this year, the opening date is now scheduled for the autumn of 2020, should the overall social conditions allow it.

The coronavirus pandemic could be the catalyst for increased working from home in the future, a survey by Colliers International has revealed.

According to the Purchasing Managers' Index (PMI), which measures the activity level of purchasing managers in a given sector, Hungary's manufacturing industry was hit much harder by the coronavirus crisis than the same sector in other CEE countries. The Polish and Czech PMI show that these economies were less affected by the downturn in March than the economy of Hungary.

The business environment in China was the first hit by the COVID-19 epidemic, but the fast decrease of new cases in the past weeks brings hope for recovery in the second half of the year, with a positive impact on the real estate market as well. Based on China’s evolution, a similar outcome could be expected in Romania too, mainly driven by e-commerce, after the outbreak peak is surpassed and the number of new cases drops. Moreover, the current situation can bring growth opportunities for certain industries including segments of the real estate market, according to Colliers International.

As the global pandemic progresses across borders and within countries, Cushman & Wakefield’s EMEA market research experts shared what they are seeing on the ground in their countries.

Subsequent to NEPI Rockcastle’s previous updates concerning the impact of the COVID-19 on its operations, there have been significant developments around the COVID-19 situation. As governments, national authorities and companies continue to implement rigorous measures, there is a high degree of uncertainty about the impact of this on the Group’s operations. As a result, NEPI Rockcastle withdraws its earnings guidance for 2020 and expects to provide an update when the Group will be in a position to estimate the effects of the current situation reliably.

Polish residential developer Marvipol Development started cooperation with the Autenti platform which allows clients to sign contracts leaving their homes.

This week, the European construction industry calls for urgent measures to protect workers’ health, support economic activity and accelerate the recovery.