ARTICLES LABELLED WITH TAG JLL

According to JLL, the value of real estate investment transactions in Central and Eastern Europe totalled more than €5.47 billion in H1 2019. Poland is the clear front-runner accounting for €2.72 billion (almost 50% share), followed by the Czech Republic with €1.68 billion (30%). In both countries, Asian investors, particularly those from South Korea, have been remarkably active. Total volumes in Hungary amounted to €400 million, while in Romania and Slovakia total volumes hit €338 and €350 million respectively.

Joki Sp. z o.o. - a subsidiary of Marvipol Development - has finalized the purchase of a plot of around ​​2.6 ha, located on Bokserska Street in Warsaw. The transaction value is €12.44 million (PLN 54.3 million). The sale process was organized by experts from the international advisory firm JLL representing the vendor.a

Over recent years, Romania has become one of Central Eastern Europe’s most attractive regions to start operations in. According to research by JLL, by the end of 2020 the country is expected to become the second largest economy in the CEE and continues to attract investors from all over the world – not only from Europe, but also those from South Africa, the USA and China.

LaSalle Investment Management Inc. has completed the purchase of Panattoni Warsaw West VI in Grodzisk Mazowiecki. Experts from JLL advised the buyer in this deal.

In Q2 2019, developers operating on the six largest markets in Poland sold the total of 15,100 units, i.e. 8% less than in the previous quarter. The new supply in that period equalled 14,900 units – hence, the offer volume remained at the level of the previous quarter. The latest JLL’s report entitled “Residential Market in Poland Q2 2019” shows that prices of residential units are still growing, but at a much slower rate. This makes it possible for developers to maintain margins at a satisfactory level.

Colosseum Centre, located in North-West Bucharest has secured with Credit Europe Bank the funding required to develop the current stage of expansion, that is the shopping mall, with fashion, leisure and food brands. JLL Romania has advised the developer in obtaining the funding.

In the first half of the year, developers delivered 215,000 sqm of new retail space in Poland, with six international brands making their debuts in the country. JLL summarised conditions on Poland's retail market at the end of H1 2019.

The second quarter of 2019 reconfirmed the increased interest for office space in Romania. Over 115,000 square meters of office space was leased over this period at the national level, a value similar to that registered in the second quarter of 2018.

New hotels are rapidly being built across Warsaw. Twelve new hotels have been opened across the city in the last eighteen months - more than in Berlin. Warsaw is frequented by more and more visitors and it is steadily becoming one of the most important hotel markets in CEE. Does it, however, have the chance to develop as much as the hotel markets in Prague or Budapest?

Tenants are still eager to choose Warsaw's Służewiec district for their headquarters. The district also has a rapidly developing residential sector. These factors are enhancing the district’s image as an attractive place to live.  Nearly 35,000 sqm of office space was leased in Q1 2019, 3,900 apartments delivered to the market in the last three years with transactions worth over €600 million concluded in the office market since 2015 - JLL analysed investor activity in Warsaw’s Służewiec Przemysłowy.