2017 was not the strongest year for Slovakia’s investment market but if all goes well we might see the previous record of €850 million being broken this year. Peter Nitschneider, Country Manager for Slovakia at JLL shared his expectations for the Slovak property investment market.
Available space on the industrial property market in the Czech Republic decreased and it makes the situation for occupiers in seek of premises more complicated. Potential tenants have to put up with longer terms of project realization in new warehouse spaces. The Czech industrial property market has changed from a market of tenants to a landlords market, JLL reports.
JLL and CBRE have been jointly appointed to lease Budapest ONE Business Park, the new office development project of Futureal Group in Hungary. The two advisors will cooperate on a co-exclusive basis for the leasing of the 68,000 square meter office complex.
2017 was the best year ever for Poland's industrial market with gross demand totalling 3.9 million sqm, JLL reports. Retailers and logistics operators continued to drive the market, together accounting for more than 65% of net take-up in 2017.
The fourth quarter of 2017 was very strong for the office market in Prague. Demand significantly increased and annual gross demand reached a new record. Five new office buildings were completed and the vacancy rate decreased to 7.5 %, while prime headline rents grew, JLL reports.
Each new office leasing contract signed in Bucharest last year created at least 130 new jobs. Dimitrie Pompeiu and South sub-markets made the top, with more than 200 new jobs per transaction, according to the latest JLL market report.
In 2017 the residential market took the lead in terms of land deals, recording all-time highs for both the number and value of sale/purchase contracts. The market for land suitable for office buildings and hotels also continued apace in 2017. The appetite of developers for new purchases was underlined by deals for several dozen properties throughout Poland, according to JLL.
Poland remains an attractive destination for investments and this is reflected in the impressive results on the office markets both in Warsaw and regional cities. With ambitious plans, investors are looking to the future with optimism. JLL summarized the situation on the Polish office market in 2017.
JLL is expanding its scope of hotel services in Poland. Agata Janda, who joined JLL at the beginning of 2018 as Head of Hotel Advisory, will be responsible for growing JLL’s involvement in this sector.
The Polish Office Research Forum has published its figures for 2017 for the office market in eight major regional cities in Poland (Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Szczecin, Lublin). The market data prepared by a team of analysts includes modern office stock, new completions, take-up volumes and vacancy rates.
Catering products supplier Bidfood Farutex has become the first tenant of DC4 building at Prologis Park Wrocław III, having leased 9,795 sqm. Farutex will move into its new space in August 2023.
Warsaw's Renova shopping mall, located in Targówek and owned by Napollo, has just opened the first outlet of the Mother Earth brand in Warsaw. The outlet will be located on the ground floor of the mall.
Gdańsk's Galeria Zaspa has gained a new tenant. Clothing brand Sinsay has taken nearly 600 sqm of space in the facility.
Oscar Kazanelson - the current Chairman of the Supervisory Board of ROBYG - has been appointed Chairman of the Supervisory Board of Vantage Development. This is related to the decision to build synergies within the TAG Immobilien Group.
Piotr Chemperek has joined the experts of the Office Space Department at Colliers Poland, taking the position of Associate Director. He will be responsible for advising companies in the medical sector.
Magda Twarowska joins Logicenters Poland, the logistics arm of NREP, as Head of Commercial. She will be responsible for managing tenant relations and leasing activities, covering the standing assets and projects held by NREP NSF IV portfolio company, BIK S.A.
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