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News Near-neighbour investments to dominate global capital flows in 2021
29
Sep
2020

Near-neighbour investments to dominate global capital flows in 2021

by Property Forum
Knight Frank’s Active Capital 2020 finds that cross-border investment into safe-haven locations and ‘near-neighbours’ are set to dominate global capital flows in 2021, as COVID-19 shifts trends in real estate investment and global mobility. 
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News New tenants to offer Wrocław’s office market a rebound
29
Sep
2020

New tenants to offer Wrocław’s office market a rebound

by Property Forum
According to the latest JLL report, in the first half of the year, companies leased over 60,000 sqm of space in Wrocław. Although this result significantly exceeded 2019’s results, tenants are more cautious in the second half of the year and have put their expansion plans on hold. However, an expected influx of investments from the service sector and, the dynamic development of R&D centres, IT centres and gaming industry brings with it the promise of a market rebound.
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News COVID-19 drives up demand for premium resi assets in Bucharest
29
Sep
2020

COVID-19 drives up demand for premium resi assets in Bucharest

by Property Forum
The Little Genius private school rented a historical monument villa located on Kiseleff Boulevard in Bucharest in order to meet the social distancing requirements imposed by the authorities, the transaction being intermediated by Cushman & Wakefield Echinox.
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News Poland’s construction market to shrink by 3-5% in 2020
29
Sep
2020

Poland’s construction market to shrink by 3-5% in 2020

by Property Forum
The Polish economy is already past the low point of the short-term economic activity downturn. However, the construction industry is not at this point yet as it responds to economic shocks after a certain time period. This is why the first half of 2021 will be marked by challenges. The market pins its hopes on the new EU financial envelope, but a tangible effect on the investment volume will not become apparent before H2 2021.
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News JLL aims to achieve net zero carbon emissions by 2030
29
Sep
2020

JLL aims to achieve net zero carbon emissions by 2030

by Property Forum
JLL announced the next stage in its ambitious sustainability program by committing to achieve net zero carbon emissions across all JLL-occupied buildings by 2030. The firm also advocates a net zero approach for all its clients and suppliers.
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News Amendments to Poland’s construction law to benefit investors
28
Sep
2020

Amendments to Poland’s construction law to benefit investors

by Property Forum
The amendment to the Construction Law in Poland came into force on 19 September. Changes include a division of project documentation, organization of the provisions which specify what works require a building permit, and legislation on unauthorized construction, and in the opinion of experts from JLL, ought to be of benefit to investors, developers and construction companies operating on the Polish market.
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News Budapest hotels project 70% lower revenue in 2020
24
Sep
2020

Budapest hotels project 70% lower revenue in 2020

by Property Forum
Most hotels in Budapest will see their revenues decrease by more than 70% compared to 2019 this year, while hotels outside the capital expect 20% to 40% lower revenues, according to a representative survey commissioned by the Hungarian Hotel and Restaurant Association.
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News Echo Investment reports 17% portfolio value growth
24
Sep
2020

Echo Investment reports 17% portfolio value growth

by Property Forum
In the second quarter of 2020, Echo Investment generated a net profit of €2.3 million (PLN 10.4 million), which mainly resulted from the appreciation in the value of projects under construction and the handover of 222 apartments to buyers.
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News Kraków ready for new BSC investors
23
Sep
2020

Kraków ready for new BSC investors

by Property Forum
The condition of the Kraków office sector has been defined by successive records in recent years. It is the largest regional office market in Poland, the second city after Warsaw, which in 2017 crossed the one million sqm threshold, and the main location for BPO/SSC companies in Central and Eastern Europe. However, the global pandemic, which affected all segments of the economy, undoubtedly also affected the office sector. How? According to JLL’s latest report, in the first half of the year, demand for offices in Kraków was about 15% lower than H1 2019. In addition, the increase in remote working has prompted some employers to reorganize their offices.
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News Romania’s residential stock needs rejuvenation
23
Sep
2020

Romania’s residential stock needs rejuvenation

by Property Forum
Approximately 1.22 million new residencies were built in Romania between 1990 and 2019, representing only 13.4% of the total dwellings stock calculated by the National Institute of Statistics, so the residential stock is mainly composed of apartments built under the communist regime, having a low degree of comfort in most cases, according to an analysis realised by Cushman & Wakefield Echinox real estate consulting company.
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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