ARTICLES LABELLED WITH TAG report

21
Jan
2021

Budapest office market vacancy rate increases again

by Property Forum
Total demand on the Budapest office market reached 86,310 sqm in Q4 2020, representing a 57% decrease year-on-year. The vacancy rate has increased to 9.1%, representing an increase of 1.0 p.p. quarter-on-quarter, according to BRF’s latest figures.
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21
Jan
2021

Budapest’s logistics market closes another strong year

by Property Forum
Total leasing activity throughout 2020 on the Budapest industrial/logistics market amounted to 537,900 sqm, marking a 29% increase from the previous year and the second-highest annual volume on record. The Budapest Research Forum published its quarterly industrial/logistics market analysis.
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20
Jan
2021

Colliers predicts 50% surge in global property investment

by Property Forum
Globally, there is set to be a 50% surge in investment into commercial real estate in the second half of the year, predicts Colliers International in its new Global Capital Markets 2021 Investor Outlook paper. In EMEA, the momentum continues in the industrial and logistics and living sectors which are less dependent on economic growth. Investors are also particularly interested in core office stock, albeit selectively, with some 32 per cent of respondents looking to invest in the sector.
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20
Jan
2021

Europe’s logistics market to grow by 14% in 2021

by Property Forum
European logistics real estate markets have not suffered last year from the COVID-19 pandemic. Due to fast-growing e-commerce and higher inventory levels of producers, the total expected take-up in 11 European countries of 23.6 million sqm for 2020 is only 3% down compared with the record year 2019. The forecasts for this year are even better with an expected take-up of 27 million sqm – an increase of 14%. Particularly large logistics real estate markets like Germany, France, the Netherlands and Poland are expected to grow substantially.
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15
Jan
2021

COVID-19 has accelerated foodservice trends

by Property Forum
The effects of COVID-19 have caused an acceleration in foodservice trends which are set to continue long after the pandemic has been brought under control, according to a new report by Coverpoint Foodservice Consulting.
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15
Jan
2021

CEE continues to record strong house price growth

by Property Forum
Three of the five EU countries that registered the highest annual (year-on-year) house price growth in Q3 2020 are located in CEE – Poland (#2), Slovakia (#4) and the Czech Republic (#5), freshly released data by Eurostat reveals.
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14
Jan
2021

CEE economies to grow robustly in 2021 and beyond

by Property Forum
The stable 2021 outlook for sovereigns in Central and Eastern Europe (CEE) reflects their robust economic growth prospects and strengthened ability to carry and reduce debt, which make their credit profiles resilient to the sharp deterioration of their public finances in 2020, Moody's Investors Service said in a report published today. Ageing populations and structural economic change will remain longer-term challenges for the region.
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14
Jan
2021

PRS in Poland seems to be pandemic-proof

by Michał Poręcki
The development of the Private Rental Sector (PRS) in Poland could have been faster, but it is constantly being slowed down by high demand in the residential market. Developers are not interested in selling the whole building to investment funds, because margins and profits are bigger with sales to individual buyers. However, their faith in high returns and great growth potential of Polish rental market is shared also by developers, which are constantly coping with a lack of good plots permitted for residential development in spatial plans. And buildings with services, like senior and student housing or apartments to rent as a service can be constructed almost everywhere.
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13
Jan
2021

Asian investors dominated Slovakia’s investment market in 2020

by Property Forum
Slovakia continues to maintain its reputation as a safe investment location with competitive yields. The total volume of commercial real estate transactions in Slovakia in 2020 amounted to €502 million. This is a 27% decrease compared to the previous year, which is due to increased investor caution and, in part, a reduced appetite for retail assets due to uncertainty about the impact of the pandemic on their future development, according to a summary by Cushman & Wakefield.
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12
Jan
2021

Office take-up down by 36% in 2020 in Romania

by Property Forum
The Romanian office market registered a 36% decrease in 2020 from the record level of 470,000 sqm recorded in 2019 to 300,000 sqm, JLL data shows.
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Latest news


New leases

  • COS – Corporate Office Solutions Romania leased 4,000 sqm in Miro Office Bucharest, developed by Speedwell. A co-working space will be organised in the newly rented space.
  • 108 Agency Slovakia has secured the lease of 510 sqm for our client Goldman Systems. Their new premises will take place in River Park Bratislava.
  • 108 Agency has mediated a 9,000 sqm lease extension for global logistics company Expeditors at SEGRO Logistics Park Prague.

New appointments

  • Michał Baranowski joined the tenant representation team at the Office Agency of BNP Paribas Real Estate Poland. Michał has over 15 years of experience working for some of the largest Polish and international office furniture manufacturers.
  • Alexander Rafajlovič has joined CA Immo as Head of Market Research & Data Analytics. Based in Prague, he and his team will be responsible for coordinating, structuring, and analyzing all macro and market-related data across the region, as well as tracking, analysing and interpreting trends affecting CA Immo’s business, both for future investment and development opportunities, as well as the existing portfolio. He previously worked as Partner in Cushman & Wakefield’s CEE Capital Markets team.
  • Tomasz Czuba has joined the Management Board of JLL Poland and has been appointed Head of Office Agency and Tenant Representation.


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