ARTICLES LABELLED WITH TAG Cushman&Wakefield

New retail supply amounted to approximately 420,000 sqm in 2018, pushing Poland’s total retail stock up by 3% to 14.7 million sqm. Nearly 30% of the new supply was completed in small-scale shopping centres and retail parks (sized below 20,000 sqm). Extensions of existing shopping centres and retail parks delivered approximately 60,000 sqm of new retail space. Cushman & Wakefield presented a summary of the Polish retail market in 2018.

At the end of 2018, Warsaw’s total office stock stood at 5.46 million sqm. Despite last year’s supply gap, which is expected to carry into 2019, new supply totalled 232,700 sqm delivered across 20 office projects, down by 70,000 sqm on the five-year average for 2012–2017. Cushman & Wakefield presented a summary of 2018 on the Warsaw office market.

The Polish commercial real estate market is in the best shape it has ever been, posting a record-high investment volume that exceeded €7 billion in 2018. Office and industrial sectors, in particular, are setting new highs with last year’s trading volumes at nearly €2.6 billion and nearly €1.9 billion, respectively.

Construction works have started on the extension of the Colosseum commercial centre in the northwestern part of Bucharest. Colosseum Mall represents the most important retail development in Bucharest during the last three years, a period during which the purchasing power per capita at the city level increased by almost 20%.

Stable rents and yields unscathed by increasing supply of office and industrial space – this is what Cushman & Wakefield Forton expects to see on the Bulgarian commercial property market in 2019, according to the company’s latest forecast.

In early October 2018, Cushman & Wakefield was appointed a property manager for Proximo II, an office building in Warsaw. The owner of the complex is ČS nemovitostní fond, the largest open-ended Czech investment fund managed by REICO.

Large retail chains operating mainly in shopping centres maintained an average growth rate of 12% in 2018, similar to 2017 and double the advance in consumption, which increased by 5.9% during the first ten months of the year, according to the second edition of Retailers' METRICS study by Cushman & Wakefield Echinox.

Marian Fridrich joins Cushman & Wakefield as Partner and Deputy Head of Slovakia. From next year, he will be responsible for the overall business development and management of the Capital Markets Group department at Cushman & Wakefield in Slovakia.

Multi Corporation and GEMO HOLDING have sold the Forum Poprad shopping centre in Poprad, Slovakia. The asset has been acquired by the real estate fund of ZFP Investments and MAT Corporation, part of the DBK group. The sellers have been advised by Cushman & Wakefield

The CEE hotel sector continues to boom, with investment levels expected to exceed €800 million by the end of 2018. This marks a slight decline compared to last year’s volumes. The primary reason for that is the lack of prime assets and portfolios on the market that could satisfy investors’ongoing appetite for hotels in key CEE cities. Institutional and listed investors are becoming more dominant, accounting for 74% of total transaction volume in 2017 and 54% in the first three quarters of 2018. The changing consumer trends and evolution of accommodation concepts over the recent years have resulted in a blurring of lines between traditional hotel classes. These are the findings of the first edition of the joint Cushman & Wakefield – CMS report on the hotel Investment scene in CEE and its underlying investment trends.