Do Polish public administration units move with the times? It turns out that more and more of them indeed do - the number of state-owned institutions that have decided to lease space in modern office buildings have markedly increased in the past few years, according to JLL’s latest report.

Those districts of Warsaw which can be reached by metro are becoming more attractive, according to JLL’s latest report. Can Bemowo match the rapid development taking place in Wola and Praga Północ?

JLL is entering the residential market in Romania by launching the Living department within the Bucharest office. The new department, which will provide consulting services for the residential sector, will be led by Andreea Hamza as Senior Director.

JLL has been selected by White Stone Group as property manager for the Celebro office building in Warsaw. The building has already been commissioned for use and its first tenants will relocate to the project in September 2019.

As of 28 June, Samuel Šporka, Head of Leasing at JLL Bratislava branch has become a new member of the Royal Institution of Chartered Surveyors. With over 130,000 qualified and trainee professionals, RICS promotes and enforces the highest international standards across the built and natural environment. 

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.