Cushman & Wakefield has won a double mandate to deliver property and asset management for Neopark, an office complex that has been recently acquired by French investment manager Amundi Real Estate. The complex consisting of two office buildings offers a total of 24,600 sqm.
Cushman & Wakefield has announced new appointments to its Central & Eastern Europe leadership team. The new structure aims to provide the firm’s clients, many of which view CEE as a whole, with a platform to support requirements across the region, while complementing and coordinating activity at a country level in Central Europe as well as Russia and Turkey.
Romania has development potential for retail projects in smaller cities, and five counties with a combined population of 1.8 million inhabitants are not covered by any modern retail schemes, according to a report by real estate consultancy Cushman & Wakefield Echinox.
Central Poland, located at an intersection of Poland’s two main motorways, is one of the largest industrial markets in the country. Its logistics locations boast many advantages and the region itself continues to enjoy a growth potential despite its size, said Katarzyna Misztal, Junior Negotiator, Industrial and Logistics Agency, Cushman & Wakefield.
At the end of 2020, there was more than 39 million sqm of modern logistic industrial space in the region. More than one half (53%) of this stock is in Poland, while the Czech Republic with more than 9 million sqm accounts for about 23% of the Central European market. Cushman & Wakefield analysed the trends in the industrial property sector in five Central European countries (Czech Republic, Hungary, Poland, Romania and Slovakia).
In 2020, the total office stock of Poland’s nine largest cities grew by 6.2%, according to figures from Cushman & Wakefield. At the end of 2020, the development pipeline comprised 84 projects, most of which were underway in Warsaw, Krakow and Tricity. Due to the economic uncertainty caused by the outbreak of the pandemic, the market has seen a notable increase in office space marketed for subleasing.
Some of the most mature PRS markets in Europe are Germany, Switzerland, the Netherlands and the Nordics. The Polish PRS market is still in its infancy, but more and more players are declaring their willingness to build portfolios of thousands of rental apartments in Poland. Experts of Cushman & Wakefield present an outlook for the PRS growth in Poland.
“Sheds, Beds, Meds” and other alternative market sectors will dominate the EMEA investment agenda this year, as investors remain risk-averse, focusing on core markets with better long-term growth prospects until the economic impact of COVID-19 abates. These findings form part of ‘The Signal Report: Investor’s Quarterly Guide to 2021’, the latest global investment insights from Cushman & Wakefield.
Westinghouse Electric Company will occupy a space of over 1900 sqm in the Zabłocie Business Park B office building in Kraków. JLL represented the tenant during the contract negotiation process.
Grupa Azoty, a producer of fertilizer and chemical components has extended its lease in the Warsaw Trade Tower. The company occupies 1,160 sqm in the skyscraper, which is owned by Globalworth.
108 Agency Slovakia has mediated the lease of 720 sqm for its client Mercurtrade in Beta – Car Park Pezinok.
Spaceflow, a tenant experience company, appoints Ken Norton as its Vice President of Sales. Among Norton’s goals is to accelerate the growth of its client base, while scaling Spaceflow's sales team in their international markets and optimizing the sales processes. Norton joined Spaceflow after three years as Head of Sales at LandInsight, now Landtech. Prior to joining LandInsight, he was in Business Development at Estates Gazette.
Benoit Lheureux will replace Gerard Gallet as a CEO of Auchan Polska. Gerard Gallet will remain a Member of the Board.
Tomasz Łapiński, former CFO of Cordia Poland, has returned to the company as Development Director and Vice President. He will be responsible for strengthening Cordia's position in Poland, its development and further integration with Polnord.
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