ARTICLES LABELLED WITH TAG Cushman&Wakefield

News Polish retail market enjoys improving turnover
11
Jan
2024

Polish retail market enjoys improving turnover

by Property Forum
Cushman & Wakefield has summarized the situation in the Polish retail market in 2023, which saw heightened development activity, with about 450,000 sqm of new retail space delivered. The Polish retail sector continued to recover, as confirmed by the number of debuts – 29 new brands entered Poland in the last 12 months, marking the highest figure since 2017. Meanwhile, the slower price growth bolstered consumer sentiment, leading to higher retail turnover levels.
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News Investment activity to regain equilibrium in Poland
10
Jan
2024

Investment activity to regain equilibrium in Poland

by Property Forum
Uncertainty and volatility have been the two dominant trends shaping the commercial real estate market and buyer sentiment in recent months. However, according to the latest report from Cushman & Wakefield, the Polish market, whose fundamentals remain strong, is broadly expected to regain equilibrium. Change is being seen in the number and types of real estate transactions taking place – due to the constrained availability of safe prime assets for sale on the office market and high financing costs, investors seeking higher returns are turning their focus to higher-risk transactions. With retail footfall figures for large schemes back at satisfactory levels after the pandemic and attractive asset pricing, the retail market has become an interesting sector for bargain hunting. The warehouse and logistics sector continues to feature prominently on investors’ radars.
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News Czech retail market attracts record number of new brands
04
Jan
2024

Czech retail market attracts record number of new brands

by Property Forum
A record number of new brands entered the Czech retail market last year. In the past ten years, since Cushman & Wakefield has been closely monitoring this activity, none equalled the 2023 list of 39 new retail brands.
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News Poland's hotel market bounces back
19
Dec
2023

Poland's hotel market bounces back

by Property Forum
According to Cushman & Wakefield’s latest report, the Polish hotel market is seeing a steady increase in demand and key performance indicators. These positive trends are expected to continue into 2024, with a recovery in the number of international guest nights in Polish hotels. In the long term, the market will increasingly focus on hotel retrofitting and implementing modern technological and ESG solutions.
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News What makes Polish people shop more for Christmas?
11
Dec
2023

What makes Polish people shop more for Christmas?

by Property Forum
UX (user experience) has in recent years been a buzzword in discussions about attracting retail customers. However, nothing puts consumers’ emotions and well-being to the test more than the pre-Christmas frenzy and visits to shopping centres. According to Cushman & Wakefield’s retail customer experience survey, 42% of Polish respondents say that their shopping experience is impacted by sound and music, with 41% and 38% citing the interior design and lighting in a shopping centre respectively. Over 40% of the surveyed respondents say that they are irritated by crowds and noise when shopping. These are important insights for property landlords and managers responsible for creating optimal conditions that will drive positive shopping experiences.
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News Pařížská in Prague remains CEE's most expensive street
21
Nov
2023

Pařížská in Prague remains CEE's most expensive street

by Property Forum
In this year's 33rd edition of the Cushman & Wakefield Main Streets Across the World ranking, the Czech Republic ranked 19th. The survey compares nearly 50 countries around the world by the level of retail rents on the most expensive shopping street in each country, and for the second time the Czech Republic is represented by Paris Street. It ranks 19th among the world's most expensive shopping streets, 11th in Europe and first in the CEE region. The highest rent achieved in Pařížská, as of the third quarter of this year, is €2,700 per sqm per annum, i.e. approximately €225 per sqm per month. 
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News Poland's industrial market bounces back in Q3 2023
17
Nov
2023

Poland's industrial market bounces back in Q3 2023

by Property Forum
According to Cushman & Wakefield, leasing activity bounced back strongly on the Polish industrial market in Q3 2023. Meanwhile, development activity was largely driven by pre-lets and BTS projects, with rental rates remaining flat in most regions.
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News PBSA remains on students’ radar in Poland
10
Nov
2023

PBSA remains on students’ radar in Poland

by Property Forum
Cushman & Wakefield has released a new report on the student housing market in Poland. Supply of public and private halls of residence fails to keep pace with growing demand. In addition, halls of residence remain very popular among students in Poland despite rising rental rates, which in turn is making the PBSA (Purpose-Built Student Accommodation) sector attractive to international investors.
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News More deals take place in Poland's office market
09
Nov
2023

More deals take place in Poland's office market

by Property Forum
Cushman & Wakefield has summarized the third quarter of 2023 on the Polish office market. Office development activity continues to slow down both in Warsaw and in Poland’s regional city markets. Nominal leasing activity remains high in the largest regional cities, with Warsaw reporting a record number of leases.
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News CEE industrial investment volume falls by 45% in H1 2023
09
Nov
2023

CEE industrial investment volume falls by 45% in H1 2023

by Property Forum
CEE's modern industrial and warehouse space exceeded 59 million sqm in H1 2023. In twelve months, over 7,6 million sqm was completed, expanding the market by 16%, and currently, an additional 5 million sqm is under construction. With a 19% share of the total size, the Czech Republic is the second largest market in the region, the first is Poland with 52%. The demand is decreasing, but the nearshoring trend presents new opportunities. Cushman & Wakefield presents its latest findings. 
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Latest news


New leases

  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.
  • SNF, a company operating in the beauty sector, has renewed its lease for approximately 2,300 sqm of warehouse and office space at Prologis Park Poznań I. Axi Immo represented the tenant in the transaction.

New appointments

  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.
  • Maciej Wieczorkiewicz is joining the Avison Young Technical Advisory team in Poland. Maciej is an experienced engineer with many years of experience in managing fit-out projects and investments in the commercial property sector. During his career development, he has worked for companies such as Made In Terior, TECAS Fitout and Colliers Define.

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