New research from JLL challenges traditional approaches to evaluating city competitiveness by encouraging the global real estate market to rethink city performance metrics. In World Cities: Mapping the Pathways to Success, published in conjunction with The Business of Cities, JLL delves into global cities’ performance to evaluate their strengths and opportunities for real estate investors, developers and corporate occupiers.
In Q3 2017 the largest increase in house prices was registered in the Czech Republic. According to fresh data published by Eurostat, Hungary also saw double-digit growth, while prices rose by 5-10% in
Bulgaria, Slovenia, Slovakia and Romania
Blackstone Property Partners Europe Lower Fund 2 plans to acquire 24 logistics centres from Goodman. The buyer intends to buy assets and shares in several companies which own properties in Poland, France and Germany.
Patrizia Immobilien AG has acquired Rockspring Property Investment Managers LLP, providing it with a London-based fund management hub with a focus on discretionary capital for global clients. The acquisition further strengthens Patrizia’s global investor base and expands the Group’s network of pan-European offices, resources and capabilities.
A huge increase in urban logistics property space is required across key centers in Europe in the next few years to meet the exponential growth of e-commerce and the resultant need for last mile delivery in cities, according to a new research report from Cushman & Wakefield.
Noerr has advised IDI Gazeley on the sale of its European division. In October Global Logistic Properties (GLP), Asia’s biggest warehouse operator, entered into a definitive agreement to acquire Gazeley, a premier developer, owner and operator of modern logistics facilities in Europe for approximately €2.4 billion.
Soaring rents have seen London’s New Bond Street rise to become the world’s third most expensive retail street, while New York’s Upper 5th Avenue and Hong Kong’s Causeway Bay retain their first and second place rankings, according to Cushman & Wakefield. Prague’s Na Příkopě Street has improved its position from last year’s 23rd to the current 22nd in a chart of the 68 most expensive high streets.
Patrizia Immobilien AG has acquired Triuva Kapitalverwaltungsgesellschaft mbH, significantly expanding its business in Germany and Europe. Both parties agreed to not disclose the purchase price.
The markets of Budapest, Bucharest, and Warsaw, in addition to Milan and Oslo, offer the most amenable conditions for both lenders and borrowers, according CBRE’s research.
Total real estate investment in Europe reached €74 billion in Q2 2017, representing a 25% increase on the same period last year, according to CBRE. Central Europe as a region proves to be more attractive to international investors than last year with Hungary accounting 15% of the overall investment volume.
Szerémi Office Building in Budapest welcomed an unnamed new tenant which has signed a long-term lease agreement for 1252 sqm of space in the property. The complex of three interconnected buildings provides a total floor space of nearly 10,500 sqm.
Kucera Logistics Group Sp. z o.o Sp. K. has decided to open a new distribution centre at Panattoni Park Pruszków V. The tenant will occupy nearly 3,300 sqm of warehouse and office space in the new location. AXI IMMO represented Kucera Logistics Group in the transaction.
In the Go! Park Handlowy in Jasło, Poland, Dealz will open its shop. The chain's premises will occupy 520 sqm. The retail park is scheduled to open in June 2023.
New appointments
Daniel Cateliu has been appointed as Director in the Industrial & Logistics department of real estate consultancy CBRE Romania. He is currently pursuing an EMBA at the University of Sheffield in the UK. Cateliu is a graduate of the Faculty of Political Sciences within the SNSPA, subsequently following a master's program and earning an Erasmus scholarship at the University of Trieste in Italy.
Oscar Kazanelson - the current Chairman of the Supervisory Board of ROBYG - has been appointed Chairman of the Supervisory Board of Vantage Development. This is related to the decision to build synergies within the TAG Immobilien Group.
Piotr Chemperek has joined the experts of the Office Space Department at Colliers Poland, taking the position of Associate Director. He will be responsible for advising companies in the medical sector.
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.
I have read the Privacy Policy of International Property Network Inc. and I consent to International Property Network Inc. sending me newsletters and managing my personal data provided for this purpose.
