ARTICLES LABELLED WITH TAG report

27
Sep
2016

Declining vacancy triggers industrial developments in Hungary

by Attila Bacsa
The European industrial and logistics investment market experienced a record breaking H1 investment volume this year, despite a slower Q2. In Hungary, the vacancy rate slipped to 6.6%, and developers’ activity is on the rise according to the latest research data of CBRE.
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23
Sep
2016

Investors go for development land in Hungary

by Ákos Budai
Last year there has been a significant increase of interest from investors for logistics properties and properties for development, which signals the emergence of the automotive and e-commerce industry as well as the start of large-scale real estate developments – says DLA Piper’s annual Hungarian Real Estate Intelligence Report. According to DLA Piper, the increased acquisition activity from developers will translate into new commercial assets being introduced into the market around 2017 Q4 and 2018 Q1.
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22
Sep
2016

Immofinanz publishes Q1 2016A operating results

by Ákos Budai
The operating results recorded by Immofinanz were stable in year-on-year comparison at EUR 45.3 million in the first quarter of the abbreviated 2016 financial year (Q1 2015/16: EUR 46.9 million). Rental income fell from EUR 82.2 million to EUR 76.8 million due to temporary rent reductions in Moscow and the planned sale of properties. 
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16
Sep
2016

Office developers in Poland are more active than ever

by Ákos Budai
At the end of H1 2016, Poland’s office stock totalled 8.7 million sqm. Warsaw remains the largest office market with Kraków, Wrocław and Tricity becoming major regional office hubs. Nearly 572,000 sqm of modern office space was delivered onto the Polish market in H1 2016, setting a new semi-annual record. Cushman & Wakefield its newest report, Property Times: Office Market In A Growth Phase.
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08
Sep
2016

Missing connections can take CEE capitals further away from Europe

by Ákos Budai
Airports have become an important part of daily life and they have proven to be essential for the development of cities and regions. Good and fast connections are key parts of doing business and the lack of efficient infrastructure can hinder the economic growth of entire regions. Airports in Central and Eastern Europe have a long way to go until they can secure their place on the global map, but they can easily improve their position within the region by increasing their competitiveness. One of the key ingredients of success is establishing adequate transport links.
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05
Sep
2016

Echo Investment publishes H1 2016 results

by Ákos Budai
Echo Investment has published its H1 2016 results. The Group had the revenue of PLN 280.5 mln in H1 2016 (compared to PLN 273.8 mln in H1 2015), a gross sales profit of PLN 145.4 mln (compared to PLN 135 mln), an operating profit of PLN 404 mln (compared to PLN 31.3 mln) and a net profit of PLN 299 mln (compared to PLN 22.7 mln).
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31
Aug
2016

Increasing competition on the Polish retail market

by Ákos Budai
In H1 2016, total modern retail stock in Poland rose to more than 13.5 million sqm GLA. The key trends include new shopping centre and retail park openings in cities below 100,000 inhabitants and the growth of the outlet centre sector in agglomerations with 200,000–400,000 inhabitants. Cushman & Wakefield has released its data on the Polish retail market in H1 2016 in its report Property Times: Increased market competition calls for a quick response.
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31
Aug
2016

Hungary and Romania: lands of attractive yields

by Ákos Budai
Romania and Hungary are seeing new capital flowing into their respective commercial real estate markets as a consequence of a significant yield spread between Western and Eastern Europe. Skanska has relased a new report, focuing on investment opportunities in the CEE region.
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31
Aug
2016

IT firms dominate Budapest’s office market

by Ákos Budai
Before the global economic crisis the financial sector dominated the Budapest office market, banks leased the greatest number of new offices and impressive new headquarters were built for them. By now the situation has changed: the biggest players are from the ICT (information and communication technology) sector in Budapest, leading companies are building new headquarters, and the globally influential Hungarian companies are moving into larger and larger offices.
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30
Aug
2016

Polish industrial market continues its strong momentum

by Ákos Budai
At the end of June 2016 total modern warehouse stock in Poland stood at 10,500,000 sqm. Occupier and developer activity is expected to continue its strong momentum, as revealed by Cushman & Wakefield in its Polish Industrial Market Q2 2016 report.
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Latest news


New leases

  • PepsiCo Polska moves its headquarters from Praga-Południe to Praga-Północ (Warsaw). The company has leased two storeys with a total rentable area of ​​3 900 sq m (3 550 net) in building M of the Monopol project at Koneser Square. The relocation is expected to be completed in the second quarter of 2022.
  • Baxter, an international company involved in medical equipment production, specialist medicines and biotechnology has prolonged its lease and enlarged the area it occupies within the Warsaw office building, Nordic Park owned by Globalworth. Baxter is the largest tenant in Nordic Park, taking up 4,700 sqm of offices over three floors.
  • Scheduling platform Booksy has leased 1,500 sqm in the Skyliner building in Warsaw in a transaction conducted entirely online via the ShareSpace platform.

New appointments

  • Diófa Fund Management has appointed Gábor Pozsgai as the company's new advisor to the Board of Directors. He will be responsible for the development and efficient operation of the sales strategy framework.
  • Colliers Poland is developing its Workplace Innovation department – Karolina Dudek, PhD has just joined the team as Associate Director. She will use her skills in organisational diagnosis, knowledge of research methodology and design management expertise to support the shaping of sustainable work environments.
  • Cromwell Property Group has appointed Piotr Goździewicz as senior investment manager for Central and Eastern Europe. He will be responsible for executing a variety of investment strategies of Cromwell and its capital partners in the region with a focus on Poland, Czech Republic and Slovakia.


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