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News Prologis sees strong rental growth in CEE
28
Feb
2020

Prologis sees strong rental growth in CEE

by Property Forum
In 2019, five out of the ten European markets with the highest logistics rental growth were located in CEE. Last year, net effective rents rose more than 5% for Europe as a whole, the highest level ever recorded. This growth is driven by headline rent growth as, after several years of concession reductions, many markets across Europe are currently at very low levels of incentives such as free rent. Prologis published its Logistics Rent Index.
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News CA Immo sues Republic of Austria and Province of Carinthia
28
Feb
2020

CA Immo sues Republic of Austria and Province of Carinthia

by Property Forum
CA Immo has taken the decision to bring an action for damages against the Republic of Austria and the Province of Carinthia for unlawful and culpably biased influence on the best bidder procedure in the context of privatization of the Federal Residential Property companies in 2004 and for the unlawful failure to win the best bidder procedure.
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News Prologis develops 200,000 sqm of new space in CEE
27
Feb
2020

Prologis develops 200,000 sqm of new space in CEE

by Property Forum
2019 saw the completion of 8 Prologis buildings in CEE with a total area of 189 000 square meters, whereas development starts totalled 200,000 square meters. Prologis shared it 2019 results and achievements for Central Europe.
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News Which European ports attract the most logistics investment?
27
Feb
2020

Which European ports attract the most logistics investment?

by Property Forum
According to new data from Savills, Rotterdam is the most attractive port in Europe for logistics investment, coming in ahead of Barcelona, Valencia, Antwerp and Hamburg. Gdańsk, the largest seaport in Poland and one of the key container terminals in the Baltic Sea, may soon become one of the most modern in Europe thanks to Central Port project planned.
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News Prague’s office market continues to cool down
27
Feb
2020

Prague’s office market continues to cool down

by Property Forum
Office take-up in Prague has been slowly decreasing since 2017, cooling down further last year. Companies relocate or expand less often and increasingly more of them prefer to stay in their current location. Compared with earlier years, the share of major transactions in excess of 3,000 sqm was lower last year. The situation is not dramatic, however, as area absorption remains relatively high. This development can affect rents, though – their current amount will become untenable. By contrast, Brno saw a record-breaking increase in take-up and a strong share of major transactions last year, with rent amounts increasing as well, according to Cushman & Wakefield’s report.
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News Bucharest to see record level of supply growth
27
Feb
2020

Bucharest to see record level of supply growth

by Property Forum
A new record level of modern industrial, office and retail projects is expected to be delivered in 2020, as developers announced projects of over 1.2 million square meters, according to the latest Bucharest City Report published by JLL.
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News E-commerce drives Poland’s warehouse market
21
Feb
2020

E-commerce drives Poland’s warehouse market

by Property Forum
In 2019, the Polish warehouse and industrial market witnessed a record supply amid an unwavering occupier demand despite the earlier fears of an economic slowdown, says real estate advisory firm Savills. Demand continues to be driven, among other factors, by e-commerce.
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News Local investors’ dominance continues in the Czech Republic
21
Feb
2020

Local investors’ dominance continues in the Czech Republic

by Property Forum
Local investors continue to dominate the Czech property market as new family offices, private wealth and retail funds continue to establish and expand. Colliers International published its Q4 2019 investment, industrial and office market overview of the Czech Republic.
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News Office and retail dive Hungary’s investment market
21
Feb
2020

Office and retail dive Hungary’s investment market

by Property Forum
In 2019 the volume of property investment transactions on the Hungarian market decreased slightly in comparison with the previous year (€1.75 billion), however, the total value of transactions has been higher than €1.5 billion every year since 2016. There was a strong and stable demand for office and retail properties, with the volume of hotel sales also increasing significantly, according to Eston International’s H2 2019 investment market report.
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News CPI’s property portfolio value reaches €9.1 billion
20
Feb
2020

CPI’s property portfolio value reaches €9.1 billion

by Property Forum
CPI Property Group published its unaudited profit and credit estimates for the financial year ended 31 December 2019.
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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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