Student accommodation has become popular among investors in some Western European cities, but there is an almost complete lack of this investment product in the CEE region. Colliers International has released a recently conducted research analysis that explores the current status of student housing in the Czech Republic and the future prospects of this sector that could attract both domestic and foreign investors.
Atrium European Real Estate Limited, an owner and manager of shopping centres and retail real estate in Central and Eastern Europe, has announced its results for the second quarter and six months ended 30 June 2016.
Investment into Central and Eastern European (CEE) countries (excluding Russia) for H1 2016 registered a substantial increase (59%) compared to same period of last year, surpassing €5 billion. Expectations are that for the entire year, investment volumes will reach and exceed the record volumes of 2015 with all CEE countries expected to perform strongly, says CBRE.
Gross take-up on the Czech Republic industrial market reached 349,300 sqm showing an increase of 11% on the Q1 2016 figures. The Industrial Research Forum has announced its final industrial market figures for Q2 2016.
According to Cushman & Wakefield, robust commercial real estate investment activity in the core Central European markets of Poland, the Czech Republic, Slovakia, Hungary and Romania continued in the second quarter of 2016 and reached EUR 2.6 billion, a 56% increase on Q1. This has pushed volumes over the last twelve months to EUR 9.3 billion, close to 2007 record levels.
Mitiska REIM, an investor specialised in European retail parks, has tannounced the successful second closing of its First Retail International 2 Fund (FRI 2) close to €190 million, significantly exceeding its original target of €120 to 150 million. Allowing for gearing of 50%, the Fund’s gross investment capability is now close to €400 million.
Rockcastle, a listed retail property company, has acquired Forum Liberec from British retailer Tesco for approx. 80 milionl EUR. Forum Liberec is a regional shopping centre located in the heart of Liberec, the capital of the North Bohemia region. The 47,000 sqm centre is tenanted by strong retailers including: Tesco, Cinema City, C&A, Datart, Gant, H&M, Lindex, New Yorker, Nord Blanc, Norma, ProBest, Reserved, Sportissimo and Tiger.
Cushman & Wakefield has published its new CE industrial map to give a comprehensive overview of the most important logistics and industrial sites in Central Europe, Russia and Germany. In addition, this year’s edition has been expanded with figures for Italy’s Milan.
“Total commercial real estate investment in the Czech Republic recorded €490m in Q2 2016 contributing to an H1 2016 total of €950 million, a 26% reduction on the same period of last year. However, it should be noted that the considerable difference is due to the Palladium shopping centre transaction in H1 2015. When excluded, H1 2016 was 34% up on H1 2015,” says Jiri Horak, investment analyst at JLL.
CPI Property Group has relocated its headquarters to the Warsaw Financial Centre. The legal, technical, marketing and PR teams will take up close to 800 sqm of office space.
German medical furniture manufacturer Stiegelmeyer has leased 3,600 sqm of warehouse space in GLP Toruń, which will be used as the company’s European distribution hub.
The women's underwear manufacturer Agio Milano has decided to rent 800 sqm of warehouse space in a private investment located near Ożarów Mazowiecki near Warsaw. AXI IMMO was responsible for negotiations on behalf of the tenant.
The Board of 7R has appointed Katarzyna Dorocińska to the position of Head of Marketing and Communications. Katarzyna's main responsibilities will include the creation and implementation of a new marketing and communication strategy for the 7R brand.
Bartłomiej Krzyżak, formerly Director in the Investment Department, has been promoted to Senior Director at Avison Young. Bartłomiej has been at Avison Young from the very beginning of the company’s entry into the Polish market. He has 12 years of professional experience gained also in CBRE, Cushman & Wakefield and Savills.
Roman Babic has joined CBRE's Zagreb corporate office as Property Manager within the Property Management department.
Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Budapest, Bucharest, Bratislava and Prague, amongst other locations.