ARTICLES LABELLED WITH TAG report

24
May
2017

Warehouse market closes strong quarter in Poland

by Ákos Budai
In Q1 2017 a total of 970,000 sqm was leased on the warehouse market in Poland, 42% more than in Q1 2016. Developers put into operation 475,000 sqm and over 1.4 million sqm are under construction. Results for the first quarter of 2017 allow optimistic forecasts for the coming months according to AXI IMMO’s latest report.
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23
May
2017

Wroclaw overtakes Krakow as most booming regional market

by Ákos Budai
There is currently 1.66 million sqm of office space under development in Poland, of which 965,000 is located outside Warsaw. Historically, this is the highest construction activity registered on Poland's regional markets, JLL reports. During the first three months of 2017, companies signed lease agreements for 371,700 sqm of office space, of which 177,700 sqm was leased on markets outside Warsaw. 
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18
May
2017

Megaprojects are transforming the Budapest skyline

by Ákos Budai
Fenced-off construction sites, scaffold-enfolded buildings and grandiose developments – often only in plans – have become characteristic of the Budapest property market. Just four years after the deepest point of the recession, there is hardly any indication of those hard times left. The upwards trend exists not only on the residential market, but also on the office market, which impacts the majority of companies and employees. The largest investors adapted to the renewed demand and began building massive numbers of office buildings, and entire new areas of the city are being born.
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18
May
2017

Tenants and developers look at smaller cities in Poland

by Ákos Budai
After record-breaking 2016, there are still good prospects ahead of Poland’s warehouse market. Regional markets will gain in attractiveness owing to the improving transport infrastructure, availability of investment lands and employees that begin to lack on the most popular markets – according to a report by Colliers International entitled “New locations, new possibilities. Logistic centres vs. labour market”, which was prepared in cooperation with Randstad Poland. 
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17
May
2017

Investors go for retail in the Czech Republic

by Ákos Budai
Retail property investments continue to attract investors´ attention within the EMEA region as well as in the Czech Republic. Due to a lack of quality retail schemes available for purchase in the European core markets, investors´ interest has been broadening in terms of geographies as well as retail asset classes. The latest JLL study summarises the trends on the European retail market from an investors´ perspective. 
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11
May
2017

Poland’s office markets steam ahead

by Ákos Budai
During the last three years, companies have leased nearly 4 million sqm of modern office space in Poland. Taking the dynamic development of firms into consideration, 2017-2019 can generate office demand of up to 5 million sqm, JLL predicts.
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11
May
2017

Local investors dominate the Czech market

by Ákos Budai
CBRE sees continuing strong demand from investors in the Czech Republic across the core sectors of office, retail and industrial with an increased demand for more specialist sectors such as hotels and residential. The retail sector in Q1 clearly dominated with more than €900 million transacted, followed by the office sector with a 20% share of total market volume.
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11
May
2017

Tenant representation - An ethical landmine?

by Ákos Budai
Tenant representation is becoming an increasingly common phenomenon on the office markets of Central Europe, which is without a doubt a sign of a healthy, growing and more educated market. Their activity, however, often raises ethical questions as it’s still often unclear who pays for their services. Conflict of interest in tenant representation has been one of the key topics of two regional events: the Property Forum - RICS Prague Property Summit 2017 and the latest RICS Hungary Tea & Talk in Budapest.
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08
May
2017

Renegotiations drive the Bucharest office market

by Ákos Budai
Q1 2017 saw Class A & B take-up reach approximately 97,300 sqm on the Bucharest office market and the average transaction size increased from approximately 1,800 sqm in Q1 2016, to approximately 2,400 sqm in Q1 2017.  There were 9,550 sqm delivered in two projects in the CBD (Central Business District), Knight Frank reports.
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05
May
2017

Technology will determine the future of offices

by Ákos Budai
JLL has launched a report exploring the impact of technology, data and digital disruption on work spaces and real estate investment strategies. The report focuses on the office sector over the next 15 years, looking at how occupiers, developers and investors will need to view real estate differently and adapt in order to enhance investment returns and create work spaces that are fit for purpose in a rapidly changing, highly-connected world.
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Latest news


New leases

  • Internet radio station, newonce.radio will move its headquarters to the Norblin Factory in Warsaw. On an area of 366 sqm there will be a new radio studio, editorial offices and office facilities, including a conference room.
  • Specjał Group, Polish-owned FMCG distributor, has leased another 1,400 sqm of warehouse space for its Warsaw branch in Panattoni Park Konotopa II. The tenant was represented during the lease transaction process by real estate advisory firm Cresa Poland.
  • Poczta Polska has leased 3,300 sqm of warehouse space and almost 1,000 sqm of offices in 7R City Flex Gdynia. The agreement has been signed for ten years.

New appointments

  • Two new professionals are joining MDC2 - a warehouse and industrial developer operating on the Polish market. Wojciech Kosiór has been appointed as a Head of Development and will be responsible for project development in Central and Northern Poland. Bartłomiej Kazirod has been appointed as a Project Director working within the construction team.
  • Paweł Suracki joined Colliers as the Investment Services Director. He will be responsible for managing sales and purchasing processes on behalf of Colliers' clients and for establishing and maintaining relationships with potential and current Colliers' partners in Poland.
  • Avison Young has announced a key change to its directors’ team in Budapest with the arrival of Martina Cifer at the helm of its Office Leasing department. In her new capacity, she shall oversee both the company's Landlord and Tenant Representation divisions.


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