Driven by large-scale mergers and acquisitions, European multifamily investment volumes in the 12 countries analysed reached approximately €92.3 billion in 2021, a 79% increase y-o-y and a 120% increase on the past five-year average, according to Savills. In Poland, multifamily investment activity hit an all-time high of close to €725 million in 2021.
Driven by large-scale mergers and acquisitions, European multifamily investment volumes in the 12 countries analysed reached approximately €92.3 billion in 2021, a 79% increase year-on-year and a 120% increase on the past five-year average, Savills announces.
According to Savills, European multifamily is now firmly established as Europe’s second-biggest real estate sector. At €24.1 billion it captured 23% of the investment activity in H1 2021 across the 12 countries that the international real estate advisor monitors. This compares to a five-year average of 16%. Office investment was the highest, accounting for 28% of the total, at €29.3 billion.
Multifamily investment has proven to be the most resilient real estate sector in Europe during 2020 and the new core, with a 6% increase year on year and a 17% increase on the past 5-year average, according to Savills.
Flex office provider CitySpace is to open a 3,500 sqm centre in the MidPoint71 office building in Wrocław. The centre, which is to open on July 1st, will offer a range of 400 workstations. This is to be CitySpace’s fourth location in Wrocław.
The Australian Embassy in Warsaw has changed its headquarters. The Australian diplomatic mission has taken over 780 sqm of office space in Rondo 1 office building. CBRE assisted the Embassy in signing the lease.
FORUM Towarzystwo Funduszy Inwestycyjnych (FTFI) is set to join tenants of Kraków’s Wadowicka 3 office complex. The company will occupy 880 sqm on the fifth floor of the building, owned by Partners Group & Reino Partners. JLL supported the tenant in the process of lease negotiations.
New appointments
Fidurock integrated the retail portfolio into their structure and appointed Petr Vondrášek as a new Head of Retail Portfolio as of July 1st 2022.
Garbe Industrial Real Estate CEE expands its teams in the region with the appointments of Veronika Zacha and Jan Hradecky, both are coming from Panattoni. Veronika Zacha is joining as Senior Business Development Manager for Czechia and Jan Hradecky will hold a Project Manager position.
Colin King has been appointed Strategic Advisor of Romanian PropTech Bright Spaces. King has worked for over 30 years with large public companies and private mid-cap growth businesses, all with revenue well in excess of £1 billion.
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