ARTICLES LABELLED WITH TAG JLL

The Board of Directors of EPP N.V., the largest owner of retail real estate in Poland in terms of GLA listed on the stock exchanges in Johannesburg and Luxembourg, has announced that it will nominate Tomasz Trzósło for appointment as CEO to succeed Hadley Dean, whose term of office is due to expire. Tomasz Trzósło is expected to assume his role in May 2020. The appointment is subject to approval by the general meeting of shareholders.

Over the years, warehouse locations outside Poland’s five largest regions have attracted limited interest from institutional investors. However, along with the development of the country's road network and increasing difficulties in recruiting employees in major Polish metropolitan areas, new locations are becoming increasingly attractive for tenants and landlords. In fact, according to a report by JLL, Hillwood Poland and ManpowerGroup, these factors may well translate into higher investment volumes in emerging markets in the next few years.

Ghelamco Poland has chosen JLL as its exclusive leasing agent for its Wołoska 24 office building in Warsaw. Wołoska 24 is a modern, 11-floor office building offering approx. 21,000 sqm of office space, and approx. 1,000 sqm of retail and service space located on the ground floor.

Dutch-based property manager MVGM announced the closing in Poland as part of the previously announced acquisition of JLL’s European property management business and the alliance partnership in 10 European countries. As of today, the JLL activities in Portugal and Spain are also integrated into the MVGM company. This marks the completion of the acquisition which includes an additional 12 million square meters to the MVGM European portfolio and access to additional high-profile clients including leading global real estate investors.

Resco, one of the global leaders in mobile business solutions, has leased more than 2,400 square meters at Nivy Tower, the newest office building by the Slovak developer HB Reavis. With this lease, the company ranks among the first tenants of the highest high-tech building in Slovakia and in April 2020 will move its Slovak headquarters together with all 100 employees to the new modern and functional premises.

According to data from JLL, Poland's supply of mixed-use commercial space has increased nearly six-fold over the last ten years. Mixed-use projects often require major revitalization and reconstruction, in a number of Poland's major metropolitan areas. Such projects include Elektrownia Powiśle, The Warsaw HUB and Koneser in Warsaw, Monopolis in Łódź, and Browar Lubicz in Kraków.  

Czech investor CPI Property Group has completed the acquisition of the Eurocentrum office complex in Warsaw from Capital Park. JLL advised the buyer on the transaction.

Jakub Volner has been appointed as the new Head of Industrial Agency at JLL Slovakia. Jakub joined the company in 2016 and during his time he enjoyed the professional experience at the Industrial Agency department while working on some of the largest lease transactions as well as significant sales of several production halls across Slovakia.

2.5 million sqm was leased in the first three quarters of 2019 and by the end of the year, demand will most likely exceed 3 million sqm. 2019 has seen developers deliver two million sqm to market, with a total stock now stands at almost 18 million sqm. JLL summarised the situation on Poland's industrial market at the end of Q3 2019.

Sales numbers for new housing units in Warsaw in the first three quarters of 2019 amounted to 17,500, which was an increase of 7% y-o-y. In 7 out of 18 districts in the capital, the average prices of units on offer exceeded €2,500 (PLN 11,000) per sqm, according to JLL.