ARTICLES LABELLED WITH TAG Cushman&Wakefield

Cushman & Wakefield Echinox has been commissioned to manage Mendeleev Office 5, an office building recently delivered in downtown Bucharest, by Akcent Development.

The pandemic declared last week by the WHO has undoubtedly a crippling effect on businesses and poses major challenges and unexpected obstacles to supply chain management. Nevertheless, as always in such crisis situations, there are also companies that come out unscathed of them, even in a better condition and with innovative solutions. Will the coronavirus be a black swan for the Polish market and will it further accelerate the fast-growing e-commerce sector? An analysis by Damian Kołata, Associate, Industrial & Logistics Agency at Cushman & Wakefield.

Climate change has become a reality and real estate is one of the key economic sectors in this. Buildings are responsible for approximately 40% of energy consumption and 36% of CO2 emissions in the EU. So far, the industry has concentrated its effort, although still much limited, on the construction and management of buildings, which could be quantifiable in the green-certified prime office stock. It is therefore critical that the real industry plays its part in reversing the negative trend for the climate and the environment, reveals a new report produced by a team of analysts of EMEA Research & Insight at, Cushman & Wakefield.

Co-living has become a buzzword on the real estate market, but sharing living space, interests and values can benefit not only young people, corporate professionals or students. Cushman & Wakefield’s latest insight report “Co-living – a new era for the real estate investment market in Poland” explores senior housing. Forecasts by the Polish Central Statistical Office (GUS) indicate that by 2050 the number of Polish people aged 60 and over will have risen by approximately 52%. Co-living therefore represents both an opportunity for retirees to enjoy a new lifestyle and a trend that has a strong growth potential.

Horizon (formerly Horizon Plaza), a Class A office complex in Warsaw’s Mokotów-Służewiec district, is going through an overall rebranding process conducted by global real estate services firm Cushman & Wakefield. Union Investment, the property owner, decided to rename the office building, redesign its visual identity and landscape, introduce a new signage system in common areas and launch a new showroom. In spring 2020, more greenery, new tenant amenities and landscape elements will be added in the areas around and near the building.

Benson Elliot, a UK-based private equity real estate fund manager, acting on behalf of its pan-European fund, Benson Elliot Real Estate Partners V L.P. has acquired Marynarska Business Park (MBP), an office complex in Warsaw, from a fund managed by Heitman Real Estate. The price paid was c. €65 million.

406,000 sqm of retail space was handed over on the Polish market in 2019. The development pipeline currently stands at approximately 500,000 sqm, 85% of which is scheduled for opening by the end of 2020. Going forward, investors’ interest will increasingly shift towards smaller cities below 100,000 inhabitants. Cushman & Wakefield has summarized the Polish retail market.

CBS International, part of the Cushman & Wakefield Group, has been assigned to provide facility management services for the Blue Center office building in New Belgrade by owner Bluehouse Capital.

The stock of industrial and logistics space on the Romanian market has exceeded the 4 million sqm threshold, 90% of the total stock being concentrated in eight large cities from the southern, central and western parts of Romania, according to a new report by the Cushman & Wakefield Echinox.

In 2019, the valuation department of Cushman & Wakefield Echinox evaluated properties with a cumulative value of €4.2 billion, while estimating an increase of 15% of the valuation volume for the upcoming year.