In 2021, despite the disruption of the pandemic, full-year investment volumes in CEE, totalling €11.07 billion, were up by 6% year-on-year but ca. 20% lower than the same period of 2019. Colliers originally estimated that year-end volumes for 2022 could reach in excess of €12.0 billion, however, the war in Ukraine and ongoing pressures on global economics could impact this outlook, says Colliers in its CEE Investment Scene | 2021 - 2022 report.
Colliers published a survey of the Czech commercial real estate investment market for Q4 2021. It shows that the volume of investments fell for the second year in a row in 2021, although sales were 8 percent higher year-on-year in the last quarter. The largest investment in Q4 was the sale of the Generali headquarters in Prague with an area of 36,000 sqm.
2020 is expected to be a year of recovery, but many uncertainties remain, like those related to the vaccines’ ability to return everyday life back to normal or to potential jitters about the monetary policy at the major central banks’, which would have deep ramifications globally, Colliers International consultants predict.
Owners are looking carefully at their exposure to risk, especially in terms of covenant strength and government measures affecting rental payments, according to Colliers International’s CEE Investment report for Q1 2020. Residential tops the sectors due to one deal but offices (27% share) have maintained their place in the order of preference, closely followed by industrial and logistics (26% share) in Q1 2020.
Savills Investment Management prefers long-lease income streams in 2020 instead of value-add and opportunistic strategies that depend on economic and strong employment prospects. The international real estate investment manager published its market outlook.
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.
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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