ARTICLES LABELLED WITH TAG JLL

At the end of June 2022, the supply of modern retail space in the Czech Republic amounted to almost 3.97 million sqm. Shopping centres take about 67%, retail parks 31% and outlets the remaining 2% of the market. During the first six months of 2022, the retail park construction boom has not stopped yet and the retail market expanded by 19,500 sqm. Over the last five years, the share of retail parks has increased by 5%. The largest completed project in the first six months of this year was Shopping Centre Řepy in Prague. Another 52,300 sqm of retail space is currently under construction across 12 projects, of which 31,200 sqm is expected to be completed this year, says JLL in its retail market report for Q2 2022.

In Q2 2022, Prague's current office space volume reached 3,75 million sqm and 215,700 sqm is under construction. It is expected that the construction volume will increase by 74,000 sqm of office space by the end of 2022. Rents grew by 18% y-o-y and further growth in coming periods is also expected, JLL's Prague Office Market Q2 report says.

As much as PLN 750,000 was raised during the 11th edition of the Real Estate Charity Beach Volleyball Tournament organized by JLL. The funds raised at the event were donated to Polish Humanitarian Action and the Women's Rights Center Foundation. Property Forum supported the event as a media partner.

With 83 companies, 1256 tickets sold and 56 teams, after a two-year break, JLL Poland is back to organising its flagship event – the 11th Real Estate Charity Beach Volleyball Tournament 2022. This year's tournament will take place this Thursday, August 4th at Monta Beach Volley Club at 12 M. Zaruski Street in Warsaw. Property Forum is a media partner of the event

In the second quarter of this year, a total of 9,200 new apartments were sold in the six largest markets, 11.7% less than in the previous quarter and as much as 53% down on the same period in 2021. The drop in sales is mainly due to higher mortgage interest rates and tighter credit rating regulations. As shown in the JLL report which summarises the previous quarter, despite the reduced interest in purchasing flats in the market, housing prices continued to rise.

The first six months of 2022 saw record results for the office market in Warsaw. During H1 2022, as much as 479,400 sqm was leased, making it the best ever H1 performance for the capital city’s market. According to JLL experts, this is evidence that the capital's market is undergoing a thaw after two years of continuous uncertainty.

From mid-July this year, Dmitry Gavrylenko will join JLL Poland. As Head of Capital Markets Poland, he will be responsible for strengthening the company's offer in the area of capital markets. Dmitry was already associated with JLL, having managed the company's Ukrainian office from 2016 to 2019.

The Polish warehouse market continues to strengthen its European position. The market’s already high demand was further boosted in Q1 2022 by increased activity in the manufacturing sector.

The demand for office space in Prague increased by 29% quarter-on-quarter for the first quarter of 2021 and by 44% year-on-year. Although the largest transactions of the quarter were lease renegotiations – including Seznam.cz (14,800 sqm) in Palác Křižík in Prague 5 or MSD Czech Republic (6,800 sqm) in Riverview in Prague 5 – the share of newly leased space increased to 58%. The increase in newly leased and pre-leased space indicates confidence and healthy growth of the Prague office market. Despite the fact that leasing activity posted record numbers, the vacancy rate rose by 60 basis points quarter-on-quarter to 8.4%. JLL recorded an increase in vacancy rates in almost all Prague districts, as announced in the last report.

Adventum Group has entrusted JLL advisors with the commercialisation of the retail and service section of the Sky Tower multifunctional complex in Wrocław.