ARTICLES LABELLED WITH TAG report

31
Jan
2017

Tenants to continue to enjoy the upper hand in Warsaw

by Ákos Budai
In 2016, office supply in Warsaw rose by 65% on the annual average for the period 2011–2015. The largest number of new office buildings was delivered in the City Core and the Fringe. Take-up came predominantly from the business services sector. Cushman & Wakefield presented an overview of the Warsaw office market in 2016 in its latest report.
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31
Jan
2017

Investors are likely to love CEE retail in 2017

by Ákos Budai
2016 reached the volume of €11.8bn in investment markets across Poland, Czech Republic, Slovakia, Hungary, Bulgaria and Romania, according to a research report by Colliers International. Aside from Poland, investment flows in 2017 will be close to or higher than 2016’s.  The retail sector might see continued rental growth and high investment levels across the region.
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30
Jan
2017

2017 to see many new investors entering Hungary

by Ákos Budai
The sound global and domestic investment climate generated a major push in property investment activity in Hungary reaching the second highest ever registered annual volume of €1.7 billion in 2016, i.e. 133% up from the previous year. The most popular type of assets were offices with a share of 56%, followed by retail at 25%, while industrial deals accounted for 11% of the overall volume.
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26
Jan
2017

Is it time to say goodbye to property brokers?

by Ákos Budai
Search engines have become an integrated part of the daily life of people and companies as well. Not only the process of buying a book or planning a vacation has changed drastically over the last decade but companies looking for office space are also turning to the Internet more often. The latest Tea & Talk session, co-organised by RICS Hungary and VLK Cresa in Budapest, helped us understand how changes in technology will affect brokers, tenants and landlords.
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25
Jan
2017

Vacancy increases on the Warsaw office market

by Ákos Budai
In 2016, the Warsaw office market grew by 407,000 sqm of new space in 21 projects. The vacancy rate has grown by 1.9 pp on a yearly basis to 14.2 of total stock with central locations having lower occupancy rates than non-central locations. The Polish Office Research Forum has published its data on the Warsaw office market for Q4 2016. 
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25
Jan
2017

Prologis increases occupancy in European assets

by Ákos Budai
Prologis announced fourth quarter and full year 2016 activity in Europe. Prologis Europe ended the fourth quarter with 96.7 percent occupancy, an increase of 90 basis points over the course of 2016. The company signed new leases and renewals totalling 718,200 square metres in the fourth quarter and 3.5 million square metres in the full year 2016 – an increase in volume of 54 percent over 2015.
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25
Jan
2017

Asian investors dominated the Czech market in 2016

by Ákos Budai
Total real estate investment volume in the Czech Republic exceeded €3.7 billion in 2016, CBRE revealed. The most notable transactions in 2016 were the sale of P3 Logistics Parks, the Park and Florentinum, with 67 transactions being mediated on the Czech market in total. 
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18
Jan
2017

Property investment voulme in Romania grows by 35% in 2016

by Ákos Budai
According to JLL, almost €900 million were invested into Romanian property in 2016, 35% more than in the previous year. 2016 has been a record breaking year at a country level all over CEE with the highest ever volumes recorded in the Czech Republic and Slovakia and second best ever results recorded in Poland, Hungary and the SEE region.
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18
Jan
2017

Budapest office market closes strongest year on record

by Ákos Budai
Nearly 100,000 sqm of new office space was delivered to the Budapest market in 2016, the highest figure since 2010. Meanwhile, demand picked up in the last quarter of the year with a large share of the total leasing volume made up of pre-leases and new transactions. At the same time, the office vacancy rate has returned to its downward trajectory, reaching 9.5%, the lowest rate on record.
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18
Jan
2017

Strong demand for industrial space in Budapest

by Ákos Budai
In Q4 2016 total leasing activity amounted to 133,460 sqm on the Budapest industrial market which marks a 64% rise on a yearly basis. Meanwhile, the vacancy rate reached a new post-crisis low at 8.1% and there is currently no scheme offering more than 10,000 sqm available adjacent space. The Budapest Research Forum published its quarterly industrial market analysis.
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Latest news


New leases

  • IT companies drEryk and Innergy have leased space from Cavatina Holding in the Tischnera Office building in Kraków and will take up a combined 1,200 sqm.
  • Pyroll, a Scandinavian paper and cardboard manufacturer has decided to prolong the lease of 13,000 sqm of warehousing space in Diamond Business Park Stryków for another 5 years. Diamond Business Park Stryków is owned by White Star Real Estate.
  • 108 Agency has mediated a lease renewal of 5,300 sqm for Czech company Country Life in Prologis Park Prague-Rudná.

New appointments

  • Karolina Furmańska has joined the Consulting & Research team of Cushman & Wakefield Poland as a Senior Residential Analyst with responsibility for advisory to PRS clients. Prior to joining C&W, she was a member of JLL’s Living Investment Team, which was responsible for transaction advisory comprising rental apartments, purpose-built student accommodation, co-living and other income-producing assets in the residential sector.
  • JLL Hungary has appointed Balázs Agócs as Workplace Strategy Director from April 2021. JLL will expand not only with another leadership position but also with the Workplace Solutions service line. In his new role, Balázs will help JLL's customers to make faster and more efficient workplace- and real estate strategy decisions. He will closely cooperate with the teams of Tenant Representation and Project & Development Services.
  • Razvan Botezatu has been named Operations Manager of Romanian real estate developer Nordis Group. He will oversee the development strategy of the company. He has 10 years' worth of experience in the corporate sector. The group develops luxury residential and hotel projects in Bucharest and regional cities.


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