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News Poland’s Q1 2020 investment volume exceeds €2.4 billion
02
Apr
2020

Poland’s Q1 2020 investment volume exceeds €2.4 billion

by Property Forum
Throughout the first quarter of 2020, the total transaction volume on the commercial real estate market in Poland exceeded €2.4 billion, according to preliminary results by Avison Young. This volume is almost three times as high as compared to the corresponding period of 2019, however, in line with Avison Young forecasts from December last year. Robust investment activity has been mainly noted in the industrial and office sectors. Asian investors dominated investment volume in terms of capital origin, with a particular focus on the industrial sector. At the same time, a growing investment activity of CEE investors is continuously observed, especially on the office market.
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News Property Forum and RICS launch COVID-19 sentiment survey for CEE
02
Apr
2020

Property Forum and RICS launch COVID-19 sentiment survey for CEE

by Property Forum
Getting a clearer picture of market participants’ expectations is more important than ever in these turbulent times.  Please help us by filling out our market sentiment survey on the potential implications of the COVID-19 crisis on real estate markets in CEE.
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News Construction confidence in Poland falls to three-year low
02
Apr
2020

Construction confidence in Poland falls to three-year low

by Property Forum
March was the twelfth consecutive month to see decreases in confidence in the construction sector. The seasonally-adjusted confidence index dipped into negative territory, and it plunged to a three-year low. Since the March survey does not reflect a completely new economic reality, it is expected that construction confidence will fall dramatically in April.
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News Restrictions on shopping affect over 9,000 stores in Romania
02
Apr
2020

Restrictions on shopping affect over 9,000 stores in Romania

by Property Forum
The decision of the authorities to temporarily suspend the purchase of goods considered non-essential from shopping centres affects more than 9,000 stores and each day when they are closed equals €15-20 million lost income, according to Cushman and Wakefield Echinox.
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News CPI Property Group increases property portfolio value
01
Apr
2020

CPI Property Group increases property portfolio value

by Property Forum
CPI Property Group published results for the financial year ended 31 December 2019. “2019 was a year of many achievements for CPIPG. We grew our office portfolio, tightened our financial policy and strengthened our liquidity,” said Martin Nemecek, CEO of CPIPG.
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News CEE hotel deals put on hold due to COVID-19
01
Apr
2020

CEE hotel deals put on hold due to COVID-19

by Property Forum
A new report on the hotel investment scene in CEE reveals that in 2019 the CEE6 markets were rapidly catching up with their western neighbours, both in terms of investment volumes and sophistication. The second annual report by Cushman & Wakefield and international law firm CMS explores the underlying investment trends across CEE6 countries and looks at the various innovations that have shaped the hotel industry in recent years.
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News C&W: Companies transition to ‘home office’ quite smoothly
01
Apr
2020

C&W: Companies transition to ‘home office’ quite smoothly

by Property Forum
Over the past month, most companies in Hungary made an immediate transition to ‘home office’. Cushman & Wakefield embarked upon a study to understand their experiences.
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News Major aid package in Slovakia: Is it enough?
31
Mar
2020

Major aid package in Slovakia: Is it enough?

by Property Forum
The government of Slovakia is opening some shops that have been closed for the past two weeks, while the country's parliament will debate and possibly pass the cabinet’s proposals to help companies and the self-employed. We asked Andrej Leontiev LL.M., Partner at Taylor Wessing to comment on the aid package.
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News Prologis: Logistics real estate in Europe is to experience a softening in activity
31
Mar
2020

Prologis: Logistics real estate in Europe is to experience a softening in activity

by Property Forum
In the third instalment of a series of articles on COVID-19 and its implications for logistics real estate, Prologis identifies concrete learnings from its operations in China and its proprietary data globally.
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News Savills: Czech real estate assets still offer superior returns
31
Mar
2020

Savills: Czech real estate assets still offer superior returns

by Property Forum
The COVID-19 pandemic is hitting the global economy hard, with all real estate sectors in the Czech Republic affected to varying degrees. But in the subsequent low interest rate environment, Czech real estate as an asset class should continue to offer superior returns, according to the latest research from Savills.
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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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