New York, Los Angeles, London, Tokyo and San Francisco are the top five most resilient cities in the world, according to Savills, as they continue to harness their power as gateway locations, benefitting from a virtuous circle of large companies gathering to take advantage of business ecosystems and large talent bases, thereby attracting more talent, contributing to strong economic performance and robust real estate markets.
Arcadis has published the annual results of the International Comparison of Construction Costs which demonstrates that the building industry has shown its resistance worldwide during the pandemic. Many governments took advantage of fiscal stimuli to support their economies, which has reflected an increase in infrastructure investment of the public sector. Within CEE, Vienna (#30) has by far the highest construction costs, followed by Zagreb (#64), Bucharest (#65), Sofia (#66), Prague (#66), Warsaw (#70), Belgrade (#72) and Krakow (#75).
According to the latest Savills research, at figures ranging between €4.60-5.30 per sqm per month, out of 54 markets analysed, Prague and the Polish cities of Katowice, Wrocław, TriCity and Poznań are among the ten cheapest locations for renting a modern warehouse globally. In Europe, Poznań (€4.68/sqm/month) is the most cost-effective location with only certain cities in India and Vietnam having lower overall warehousing property costs.
Close to a year into the pandemic, we have reached an inflexion point. COVID-19 has accelerated the world in ways that will undoubtedly alter the course of business for decades to come, transforming conventional notions of where and how we work. While approved vaccines hold the promise of a return to normalcy when the pandemic recedes, exactly what will our world of work look like and how can companies set themselves up for success? New reports from JLL explore the next chapter of the future of work. They demonstrate that companies with the agility to adapt to new and changing conditions across work, the workforce and the workplace will successfully build their competitive advantage in a post-pandemic world.
Disruptions from the pandemic are poised to continue, according to the Prologis Logistics Rent Index. Lockdowns and other COVID-19-related situations may constrain customers’ operations, though the volatility is expected to be less severe than in 2020 as many customers now have better supply chain visibility.
Globally, there is set to be a 50% surge in investment into commercial real estate in the second half of the year, predicts Colliers International in its new Global Capital Markets 2021 Investor Outlook paper. In EMEA, the momentum continues in the industrial and logistics and living sectors which are less dependent on economic growth. Investors are also particularly interested in core office stock, albeit selectively, with some 32 per cent of respondents looking to invest in the sector.
Property Forum is excited to announce that we will be participating as a Channel Partner at Unissu’s upcoming digital event RE:Connect and are now looking for proptechs and real estate professional interested in the future of real estate to join us as conference participants for free.
The geopolitical diversity of the EMEA region means that there are multiple economic and business permutations to consider in light of a new first term for President Biden and the Democratic party. There is a strong likelihood that the EU and national EEA (European Economic Area) governments will cooperate more openly with the United States under President Biden. Outside of the EEA, in Middle East, Africa, Russia and Turkey ongoing relationships will be more mixed.
Central business district (CBD) offices, supermarkets and food-anchored retail parks, as well as logistics assets in key locations across Europe, will present attractive investment opportunities in 2021 as investors regain confidence following the COVID-19 crisis, according to Savills Investment Management (Savills IM).
Westinghouse Electric Company will occupy a space of over 1900 sqm in the Zabłocie Business Park B office building in Kraków. JLL represented the tenant during the contract negotiation process.
Grupa Azoty, a producer of fertilizer and chemical components has extended its lease in the Warsaw Trade Tower. The company occupies 1,160 sqm in the skyscraper, which is owned by Globalworth.
108 Agency Slovakia has mediated the lease of 720 sqm for its client Mercurtrade in Beta – Car Park Pezinok.
Spaceflow, a tenant experience company, appoints Ken Norton as its Vice President of Sales. Among Norton’s goals is to accelerate the growth of its client base, while scaling Spaceflow's sales team in their international markets and optimizing the sales processes. Norton joined Spaceflow after three years as Head of Sales at LandInsight, now Landtech. Prior to joining LandInsight, he was in Business Development at Estates Gazette.
Benoit Lheureux will replace Gerard Gallet as a CEO of Auchan Polska. Gerard Gallet will remain a Member of the Board.
Tomasz Łapiński, former CFO of Cordia Poland, has returned to the company as Development Director and Vice President. He will be responsible for strengthening Cordia's position in Poland, its development and further integration with Polnord.
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