ARTICLES LABELLED WITH TAG report

News Globalworth collects 93% of rents in H1 2020
20
Jul
2020

Globalworth collects 93% of rents in H1 2020

by Property Forum
Globalworth published a trading update summarising the key highlights of its operating performance during the first six months of the year, including some further updates as to the impact of the pandemic crisis on its operations.
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News Poland’s H1 2020 investment volume reaches €3 billion
17
Jul
2020

Poland’s H1 2020 investment volume reaches €3 billion

by Property Forum
According to Savills, commercial property investment activity hit €2.92 billion across Poland in H1 2020, up by almost 5% on the same period in 2019. Despite COVID-19 challenges, it was the second-best result in the first half of a year on record. Savills anticipates that the pandemic’s impact will be noticeable in H2 2020, but the investment volume is unlikely to fall by more than 20% compared to last year’s all-time high.
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News Demand soars for industrial property in Budapest
17
Jul
2020

Demand soars for industrial property in Budapest

by Property Forum
Total demand on the Budapest industrial market amounted to 202,610 sqm in Q2 2020, which is two times higher than the figure registered in the same period last year and 17% higher than the 4-year average Q2 volume. The Budapest Research Forum published its quarterly industrial market analysis
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News New investors account for half of transactions in Poland
17
Jul
2020

New investors account for half of transactions in Poland

by Property Forum
The first half of 2020 saw a record high investment activity with €3.5 billion of investment transactions closed on the Polish market. Although this was a 30% higher result compared to the corresponding period of last year, achieving a full-year result similar to the record-breaking €7.8 billion volume of 2019 may be difficult, according to Avison Young.
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News Footprint of tech companies grows significantly in Romania
17
Jul
2020

Footprint of tech companies grows significantly in Romania

by Property Forum
The top 50 largest technology companies in Romania, which realise software and digital solutions for group companies or for third parties, have increased their turnover and teams in Romania by approximately four times in the last ten years, reaching a cumulative turnover of €3 billion and over 50,000 employees in 2019, according to a Cushman & Wakefield Echinox analysis.
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News What’s the New Normal in Romania?
16
Jul
2020

What’s the New Normal in Romania?

by Property Forum
Romania's Real Estate Yearbook 2020 has published "The New Normal - Market Pulse Report, Romania", an exclusive property market update on Romania at end of the lockdown.
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News Banks in Europe expect a slow recovery
16
Jul
2020

Banks in Europe expect a slow recovery

by Property Forum
Banks in Europe are expecting a slow recovery in the wake of the COVID-19 pandemic, and while they forecast that hotel and retail loan portfolios will likely be hit more considerably than office and other real estate asset classes, the majority of them believes that the impairment will be in the range of a few percentage points up to 10% in total. These are some of the early findings from the COVID-specific section of this year's edition of KPMG's Property Lending Barometer, due to be published in autumn 2020.
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News How long will COVID-19’s effects on Warsaw’s office market last?
16
Jul
2020

How long will COVID-19’s effects on Warsaw’s office market last?

by Property Forum
What will the Warsaw office market look like in the next 18 months? Experts of Savills have outlined two potential scenarios. Both scenarios foresee a short-term decrease in demand and rising vacancy rates, but with a different scale of impact of the COVID-19 pandemic on the Polish capital’s office market. Both also forecast that the market will remain resilient in the long term.
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News Budapest office take-up halves compared to last year
16
Jul
2020

Budapest office take-up halves compared to last year

by Property Forum
Total demand on the Budapest office market in Q2 2020 reached 87,990 sqm, representing a 46% decrease year-on-year and the number of signed transactions dropped by almost 50% compared to the same quarter of 2019, according to BRF’s latest figures.
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News Only four megaprojects are under construction in Poland
16
Jul
2020

Only four megaprojects are under construction in Poland

by Property Forum
There are only four construction projects with a unit value in excess of PLN 3 billion (€670 million), excl. VAT, currently underway in Poland. The combined value of these projects, commonly referred to as megaprojects, is almost PLN 17 billion (€3.8 billion), excl. VAT. This is not a lot, given the fact that projects worth a total of nearly PLN 300 billion (€67 billion) are in the pipeline.
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Latest news


New leases

  • Exact Sciences, a global leader in molecular diagnostics and early cancer detection, has chosen the LIXA campus in Warsaw for its new Polish international enabling hub. The company has joined the tenants of the LIXA D office building, leasing a total of over 1,800 sqm of modern space on the first floor of the building at ul. Giełdowa 5 in Warsaw.
  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.

New appointments

  • Activ Property Services has announced the appointment of Ionuț Grigoraș as Partner in the industrial department. With more than 14 years of experience in the real estate sector, Grigoraș has worked with leading companies such as CTP, WDP, VLParks România, Logicor, P3, MDO, and MLP Group.
  • MLP Group strengthened its management structures. Maciej Müldner, a manager with over 30 years of experience in finance at international corporations and banks, joins the Management Board. He will be responsible for further strengthening the Group’s financial position.
  • Indotek Group has welcomed Viktor Nagy, who joined us in September as Head of Non-Retail Sales. With more than 20 years of experience in the real estate sector, Viktor has held leadership positions at international companies such as Immofinanz, EHL Real Estate Hungary and Atlas Estates. In his new role, he will be responsible for further developing our non-retail sales strategy and strengthening international relations.

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