News ECB cuts interest rate for first time in 5 years

ECB cuts interest rate for first time in 5 years

by Property Forum
The European Central Bank (ECB) has reduced its main interest rate from 4% to 3.75%, following Canada's rate cut earlier in the week. ECB President Christine Lagarde announced that the outlook for inflation had significantly improved, which enabled the rate cut. However, she warned that inflation would likely stay above the 2% target, averaging 2.5% in 2024 and 2.2% in 2025. The ECB remains committed to keeping its policy restrictive to achieve the inflation target. This rate cut, though anticipated, is seen as a relief for consumers and businesses, aiming to stimulate economic activity by making borrowing cheaper.
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News Property players could consider more expensive debt

Property players could consider more expensive debt

by Property Forum
A key challenge facing many real estate corporates, who historically have been reliant on the bond markets, is the quantum of near-term maturities. This includes the Nordics where JLL estimates circa 32% of real estate corporate bonds are due to mature within the next 2 years. 
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News ECB raises interest rates for the first time in 11 years

ECB raises interest rates for the first time in 11 years

by Property Forum
Today, the Governing Council of the European Central Bank decided to raise the three key ECB interest rates by 50 basis points and approved the Transmission Protection Instrument (TPI) in an effort to make sure inflation returns to its 2% target over the medium term.
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News ECB warns of increased likelihood of correction in real estate markets

ECB warns of increased likelihood of correction in real estate markets

by Property Forum
The European Central Bank has highlighted growing vulnerabilities in housing markets and stretched financial asset valuations in its Financial Stability Review for November 2021. The ECB has also warned of an increased likelihood of a correction in both residential and commercial real estate markets.
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Latest news

New leases

  • Viterra, a plant trade company, has opened its new headquarters in the Olivia Centre complex in Gdansk. The company occupied space on the top floor of Olivia's newest building, Olivia Prime. Viterra occupied a 1,400 sqm of space on the 14th floor of the building and a private terrace, located above the office, on the 15th floor.
  • The Shire – Beyond Coworking has joined the tenants of the Infinity office building in Wrocław. The company will have over 2,000 sqm of space, located on the 3rd floor of the building. The coworking space at Infinity is scheduled to open in Q1 2025.
  • Dr. Max, HIGH-TECH SYSTEMS & SOFTWARE (HTSS) and REO Medical have leased a combined area of more than 8,000 sqm in Bucharest-based J8 Office Park, owned by Portland Trust.

New appointments

  • At Nhood Services Poland, Agnieszka Gutowska was appointed Head of Brand Marketing & Communication. She will responsible for shaping the brand image in Poland, taking into account the competences of the three business lines Property & Asset Services (PAS), Development (DEV) and Resources, Fund & Investment (RFI).
  • Robert Rogowski, former Vice President of the Management Board of Invest TDJ Estate, has been dismissed from his position. Magdalena Sierankiewicz has been appointed in his place.
  • Cushman & Wakefield Echinox appointed Cristina Lupașcu as Head of Marketing. She joined Cushman & Wakefield Echinox in 2021 as Director PR & Research, being responsible for assisting both the PR & Marketing and Research departments. Lupașcu has more than 20 years’ worth of experience in media and real estate.


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