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News Record-high interest rates set to drive software adoption in real estate
31
Jan
2024

Record-high interest rates set to drive software adoption in real estate

by Property Forum
In 2023, the European Central Bank's interest rates have reached their highest level in 23 years and they are not expected to decrease in the near future. This development has had a significant impact on various sectors, but on top of the podium is the construction and real estate industry. As interest rates rise, investors in both the residential and commercial segments are compelled to reassess their strategies, potentially leading to reductions in investments. Many have realised that now is the perfect time to optimise their portfolios by finding the right digital tools.
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New leases

  • Four new tenants have secured space in Liberty, a mixed-use building in Budapest, developed by Wing. Coop, FedEx, Praktiker and 3 Print have concluded lease agreements for more than 3,500 sqm of office space.
  • Tech company Blankfactor will open an office on the 35th floor of RPHI’s SkyTower Bucharest building. The lease deal was brokered by CBRE.
  • Aluprof SA, has joined the tenant roster in the LIXA E building in Warsaw. The 340 sqm of modern space located on the ground floor of the building will house the company’s office and showroom. The LIXA E building has also been chosen by the medical communications agency Unique Work for its new headquarters. The company has leased nearly 285 sqm of space, also on the ground floor.

New appointments

  • Anna Bartoszewicz-Wnuk joins the Velis Real Estate Tech team as Head of Central & Eastern Europe and will be responsible for the company's development in the CEE markets.
  • DVM group, an integrated architectural and construction services provider is restructuring its design department. Ákos Csécsei has been appointed to head the architectural design department and Tímea Fekete-Tóth to lead the interior design department. The managers have grown with the company, with multiple projects to their name.
  • Meta Estate Trust has named Adela Antone as Investment Director. She has around 20 years’ worth of experience in the banking and real estate sectors.

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