ARTICLES LABELLED WITH TAG JLL

Profi, one of the largest retail chains in Romania, expands its logistic activities by contracting two new projects in Timisoara (58,000 sqm) and Craiova (57,000 sqm), which will be developed and rented out by Belgian logistics developer WDP. JLL has advised Profi in both transactions, thus continuing the partnership started few years ago, which resulted in 250,000 sqm of logistics space contracted in Bucharest, Roman, Cluj, Craiova and Timisoara.

The COVID-19 pandemic has to put a halt to years of uninterrupted growth on the Romanian property investment market. Andrei Vacaru, Head of Capital Markets at JLL Romania shared his market outlook with Property Forum.

This year’s first quarter on Poland’s regional office markets was marked by a high level of activity from tenants in the IT sector. The next few months may bring acceleration in activity from companies in the business services sector. JLL summarised the situation on the Polish office market at the end of Q1 2020.

PNK Group, an international industrial real estate developer, concluded the sale of two of its modern industrial buildings with a total area of 45,000 square meters in its industrial park near Bratislava. The facilities in PNK Park Sered’, providing a regional base for Polish fast-fashion conglomerate LPP and German-based manufacturer in automotive industry Wegu, were acquired by the REICO IS ČS on behalf of ČS nemovitostní fond, for €30.6 million.

During the first three months of 2020, demand on the Warsaw office market was nearly 139,000 sqm, which almost matched the Q1 performance of last year. The vacancy rate fell by 0.3 pps, while 770,000 sqm is under construction. JLL summarised the Warsaw office market in Q1 2020.

The total value of investment transactions in the Polish real estate market for the first quarter was nearly €1.8 billion, which is the second-highest result on record for the first three months of the year. JLL analyses the investment transactions concluded in Q1 2020 in Poland’s commercial real estate sector.

International investor Aurec Capital has expanded its portfolio in the private rented sector (PRS) in Poland. The transaction of the Puławska 186 project completed between Aurec Capital Poland and Matexi Polska is worth over €22 million (PLN 100 million). JLL advised the investor on the purchase of the property.

JLL and CBRE have been selected by Immobel Poland as agents responsible for the commercialization process of Central Point in Warsaw. The investment is being built on the corner of Marszałkowska and Świętokrzyska Streets and above an intersection of the two metro lines of Warsaw.

Residential investments in Europe used to be the domain of certain specialised investors but that is now changing as other players that have previously invested exclusively in office or retail are looking at investments in the living sector. Maximilian Mendel, Head of Living Investment at JLL in Poland, talked to Property Forum about current trends in CEE residential investment.

The maturity of the industrial real estate sector in Poland’s five largest markets does not necessarily mean limited investment opportunities for developers and tenants. The importance of smaller markets has been growing recently in Poland, which gives the possibility to expand into locations that were previously out of developers’ and tenants’ interests, according to JLL.