ARTICLES LABELLED WITH TAG report

According to the latest European hotels trend report by Savills, emerging European tourist cities such as Dublin, Lisbon and Madrid and alternative operating structures such as non-leased operating structures offer higher yielding opportunities for those investors willing to take on more risk.

3.5 million sqm is the amount of flexible office space currently offered by operators on the 20 biggest office markets in Europe. Warsaw is ranked as the ninth biggest flex city in Europe. Last year, the city saw the largest growth of flexible space on the continent.

PropTech Romania (proptech.ro) is Romania’s first platform to bring together real estate players, investors, startups and tech companies, fostering innovation, digital transformation and collaboration. The official launch of PropTech Romania happened during Startup Europe Summit 2019 in Cluj, as a side event, an occasion to also announce the first Real-Estate Hackathon on 12-13 April, in Bucharest. Property Forum is a media partner of the first Real Estate Hackathon in Romania.

Landlords have never been under such scrutiny, said Colliers International. Tenants want more flexibility, increasingly diverse locations, heightened service levels and a culture that puts their business needs at the heart of their real estate choices

Expect retail to regain popularity as an asset class especially in tourism-led locations, Colliers International said at MIPIM 2019. Whilst logistics has benefited from the growth in e-retailing, there are signs that is has hit maximum penetration across Europe. In the meantime, pure-play retailers are resorting to omni-channel strategies to survive and deliver profits. This has put the onus back on the need for retail space supported by modern logistic facilities.

Investment market momentum is still firmly positive across Central and Eastern Europe but an increasing share of market players feel that commercial property has become expensive in the countries surveyed by the RICS Commercial Property Monitor. Although the majority of the survey’s contributors believe that the market is in the peak phase of the property cycle, growth is set to continue in the coming year.

Money from East Asia burst on to the CEE scene in 2016-17, mainly via large industrial sector portfolio deals. The industrial sector received the majority of 2018’s flow as well, though diversification via larger single asset deals is beginning to occur. Asian investors appear to need liquidity: looking by CEE-6 destination, Poland presently dominates.

There is a growing global war chest of capital for real estate, with institutional investors looking to increase their real estate allocations and new sources of capital emerging, according to Colliers International’s latest report. Increasing allocations to real estate from global institutions reached at least $840 billion in 2018, adding to the $370 billion in closed-end funds waiting to be deployed to real estate in 2019.

The local real estate market has begun to attract the attention of major Asian investors, as groups from China and South Korea are exploring the potential to invest directly in the primary commercial markets. It is feasible that the first transaction could occur by the end of this year, according to Cushman & Wakefield Echinox consultants.

At the end of 2018, Poland’s industrial and warehouse stock reached 15.79 million sqm. Around 2.22 million sqm of modern warehouse and industrial space was delivered to the market last year, down by just 6% on 2017’s level. With 792,000 sqm constructed in the last 12 months, Central Poland reported a record-high development activity with large-scale completions for BSH, Media Expert and Smyk at Panattoni Central European Logistics Hub in Łódź (a total of 214,000 sqm), Hillwood BTS Zalando 1 in Głuchów (125,000 sqm) and Panattoni Park Stryków III (91,000 sqm). Other leading markets in terms of new supply were Upper Silesia (303,000 sqm), Wrocław (219,000) and Warsaw suburbs (205,000 sqm).