ARTICLES LABELLED WITH TAG rent

News GTC records strong increase in net profit year-on-year
19
May
2022

GTC records strong increase in net profit year-on-year

by Property Forum
In Q1 2022, GTC’s adjusted EBITDA was at €26 million (€24 million in Q1 2021) and the net profit amounted to €15 million (€9 million in Q1 2021). This mainly resulted from a strong operating performance combined with profit from revaluation/impairment of assets of €3 million, partially offset by an increase in foreign exchange differences loss by €1 million.
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News Colliers introduces new search engines for Czech market
12
Apr
2022

Colliers introduces new search engines for Czech market

by Property Forum
The Czech branch of Colliers launched a new generation of search engines for vacant office, industrial and retail space in the Czech Republic, the company announced.
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News Office rents to remain stable in CEE in 2022
14
Mar
2022

Office rents to remain stable in CEE in 2022

by Property Forum
Premium rents in Prague to rise and interesting incentives from landlords are expected. There is also a growing interest in office rents in Brno, which is responding to the growth in rents over the past two years. Premium rents also grew slightly in Ostrava. Leasing activity in Bratislava is keeping pace with new construction and, together with Vienna, is expecting a recovery. In Warsaw, upward pressure on premium rents will grow, but there is likely to be an easing of existing incentives for tenants. Budapest is gradually recovering from the covid crisis. Rents will remain stable this year, reports CBRE.
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News Prague’s office market records rental growth
24
Jan
2022

Prague’s office market records rental growth

by Property Forum
Gross take-up on the Prague office market for the whole year of 2021 increased by 16% compared to the previous year to the level of 387,100 sqm. Prime headline rents also increased in Q4 2021 and ranged between €23.50–24.00 per sqm per month in the city centre. The Prague Research Forum published office market figures for Q4 2021.
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News Few office owners in Romania moved to cut rents, says survey
22
Dec
2021

Few office owners in Romania moved to cut rents, says survey

by Property Forum
A survey carried out by professional services firm EY Romania among 40 owners of office buildings shows that 75% of them kept their current rent prices despite negotiations with tenants, while the rest lowered prices. 
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News Rise of construction material costs impacts property values
07
Jul
2021

Rise of construction material costs impacts property values

by Property Forum
The retail, industrial and logistics sectors have been affected by the recent price increase of crucial construction commodities mostly steel, plastic and wood, according to a report by 108 Agency.
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News Office rents in Bucharest down 12-17% compared to 2019
27
May
2021

Office rents in Bucharest down 12-17% compared to 2019

by Property Forum
The rent environment for Bucharest offices has been on a downward trend since the onset of the health crisis as flexible work arrangement that limited the presence of employees in offices were implemented, according to Investpoint.
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News Residential rents stagnate in Budapest
30
Apr
2021

Residential rents stagnate in Budapest

by Property Forum
The Hungarian residential rental property market continues to be a mixed bag based on current asking prices, according to the latest monthly survey of real estate portal ingatlan.com, which presents the latest joint rent index of ingatlan.com and the Central Statistical Office (KSH) for March and summarises the supply and average rent as of the end of April based on 40,000 ads.
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News Have we reached the bottom of the property cycle?
29
Apr
2021

Have we reached the bottom of the property cycle?

by Property Forum
The Q1 2021 results of the RICS Global Commercial Property Monitor indicate a slightly less negative market sentiment across Europe compared to the previous quarter. Rental growth expectations remain negative within the office and retail sectors across all European nations covered, while the outlook for industrial markets has never been more positive.
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News Nordis Group plans leisure hotel chain in Romania
06
Apr
2021

Nordis Group plans leisure hotel chain in Romania

by Property Forum
Local developer Nordis Group aims to increase its presence in the hotel business and attract more investors. The company has invested in two projects with high tourism potential in the mountains and the seaside.
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Latest news


New leases

  • Elegance Decor, the home & deco company, has leased 400 sqm in Bucharest-based Equilibrium 1 for its new office. The building has a total leasable area of 20,700 sqm and was developed by Skanska.
  • Majorel Polska, an international outsourcing services provider has extendied a lease agreement for the next 2 years and leased additional 400 meters for a new project - IT Hub in recently modernised Globis Poznań by GTC. It now occupies 3 200 sqm of A-class workspace. CBRE has advised Majorel Polska on concluding the lease contract.
  • NEPI Rockcastle Poland has extended its office lease agreement and enlarged its premises in the Cosmopolitan Twarda 4 building in Warsaw city centre. The shopping centre owner and operator now occupies 1,500 sqm of offices in the building.

New appointments

  • Tamás Kiss has joined Hungarian asset management company Diófa Alapkezelő Zt. and has been appointed deputy CEO. Previously he worked for several brokerage firms as a director of asset management and director of investment or compliance unit.
  • Tomasz Pietrzak, with MLP Group for more than five years, has been promoted to the position of Leasing Director Poland. Until recently responsible for the commercialisation of warehouse space in the Warsaw region, now he will manage leases across Poland.
  • Savills has hired Dušan Drábek who joins its industrial agency team with immediate effect. Based in Savills Prague office, the new Associate Director will work alongside the Head of Industrial Agency, Chris LaRue.


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