ARTICLES LABELLED WITH TAG report

News Łódź’s office market absorbs new supply
06
Apr
2018

Łódź’s office market absorbs new supply

by Import Sys
According to “Occupier Economics: Office Market in Łódź in 2017”, the latest report produced by Cresa, last year’s absorption rate for office buildings in Łódź hit a record high of 55,500 sqm. With office stock at 437,770 sqm, Łódź is Poland’s sixth largest regional office market. The city’s vacancy rate currently stands at 9.3% (up by 3.1 p.p. year-on-year).
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News Global real estate industry remains strong, says PwC
06
Apr
2018

Global real estate industry remains strong, says PwC

by Import Sys
Despite being late in its cycle, the global real estate market is benefiting from strong returns for investors and a positive global economic outlook, according to Emerging Trends in Real Estate – The Global Outlook for 2018, an annual forecast of global real estate investor sentiment published jointly by PwC and the Urban Land Institute (ULI). The report notes that in this highly competitive, late-cycle property market, the real estate industry must embrace technology, new business models, and the concept of “space as a service”.
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News Immofinanz posts 2017 financial results
05
Apr
2018

Immofinanz posts 2017 financial results

by Import Sys
Net profit from continuing operations (i.e. excluding Russia) returned to the profit zone with a significant improvement to €181.0 million in 2017 (2016: €-147.4 million). That represents earnings per share of €0.17 (2016: €-0.15). Rental income was slightly higher at €234.5 million (2016: €233.4 million) despite the continuing sale of properties which do not fit in with the corporate strategy. After an adjustment for new acquisitions, completions and sales (like-for-like), rental income grew by a sound 4.5% to €200.0 million (annualised). The results of Asset Management rose by 13.4% to €150.8 million. In total, the results of operations increased by 44.4% to €107.6 million (2016: €74.5 million). Financial results turned substantially positive at €88.8 million (2016: €-107.6 million), above all due to positive valuation effects from the investments in CA Immo and BUWOG and a reduction in financing costs.
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News Łódź is attracting new business
29
Mar
2018

Łódź is attracting new business

by Import Sys
Łódź is busy readying itself for an influx of new companies. The city is investing in its road and transport infrastructure as well as revitalizing some of the city's quarters. As a result, Łódź is attracting more investors.These include companies from the rapidly expanding business services sector which are fuelling the expansion of Łódź's office market. New office clusters are being developed throughout the city. In 2018, the city will gain another 45,000 sqm of modern space. However, the business services sector is not the only sector that is powering the city’s economy, according to JLL.
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News Rents increase by 15% in Budapest
28
Mar
2018

Rents increase by 15% in Budapest

by Import Sys
The Central Bank of Hungary (MNB) and the Royal Institution of Chartered Surveyors relaunched the questionnaire-based survey research on Budapest’s commercial real estate market, with the review period of H2 2017. Over the preceding two years the typical rent for commercial properties observed for most property types has increased by more than 15 percent until the end of the second half of 2017. Prime yields for the office market and shopping centres approached the historical minimum observed in 2007 with 10-25 basis points. Most of the survey respondents expect an increase in demand in both the investment and the tenant markets for commercial properties in the next 6 months, however, with regards the development activity, the majority of respondents foresee an unchanged level or a drop in demand for several types of property.
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News Why 2018 is an exciting year for the Romanian market?
26
Mar
2018

Why 2018 is an exciting year for the Romanian market?

by Import Sys
On 29 March 2018, the fourth edition of SEE Property Forum in Bucharest, organized by Property Forum in partnership with the Royal Institution of Chartered Surveyors (RICS) will gather leading real estate professionals and top executives from South Eastern Europe to analyse the potential of the Romanian real estate market from a global perspective. Nearly 50 speakers and more than 250 visitors will come together in the Romanian capital, creating a unique networking opportunity.
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News Atrium to invest €330 million in Poland
23
Mar
2018

Atrium to invest €330 million in Poland

by Import Sys
Atrium European Real Estate Limited announces its results for 2017. The company is focusing on owning quality assets in well-connected, strong, urban locations in the region's largest and strongest economies. 20 smaller assets were sold during 2017 and early 2018 for €80 million, with the effective exit from Hungary and the Czech portfolio rotation completed.
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News Investors to spend more on student housing
23
Mar
2018

Investors to spend more on student housing

by Import Sys
Student housing is becoming an increasingly attractive investment product in European markets. StudentMarketing, a global market intelligence consultancy, summarised the most important findings of the European Residential & Student Housing Investment Briefing at MIPIM.
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News Industrial is the new favourite in Europe
22
Mar
2018

Industrial is the new favourite in Europe

by Import Sys
Industrial, and specifically logistics, is the most sought-after real estate sector for European investors, overtaking office for the first time, according to CBRE’s annual EMEA Investor Intentions Survey. In 2017 Paris, Madrid, Amsterdam, Frankfurt and London were the five most sought-after destinations in Europe for investors who are actively pursuing alternative opportunities due to aggressive asset pricing and limited availability of core stock. In Hungary steadily improving developer sentiment and potential platform deals could pave the way for rising turnover in the sector.
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News Retail stock expands in regional Romania
22
Mar
2018

Retail stock expands in regional Romania

by Import Sys
Retail space deliveries will accelerate towards 200,000 square meters in 2018, as new projects and extensions are scheduled in ten medium-size towns and cities across Romania, but no significant delivery is scheduled in capital Bucharest this year, according to reports released by Cushman & Wakefield Echinox.
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Latest news


New leases

  • Peek & Cloppenburg has chosen the Szczecin Galaxy shopping centre to make its debut in West Pomerania in Poland. The brand's only shop in this part of the country will be almost two thousand square metres in size.
  • The Enel-med clinic chain is opening two new outlets in Wrocław: 510 sqm in Sagittarius Business House and 1,374 sqm in the Infinity office building.
  • Malaysian retail chain, MR D.I.Y., begins operations in Polish market at Hillwood Zgierz I. The company has leased nearly 5,000 sqm at the park to set up its first logistics center in Central Europe.

New appointments

  • Angelika Majkowska has taken up the position of HR director at Apsys Poland. Angelika, who has been with the company since 2013, will be responsible for complex HR policies in an organisation with a structure involving more than 19 teams in various locations.
  • Filip Krstičević is joining iO Partners in Zagreb as Regional Manager, focusing on leasing and land deals across the region. With a strong track record of acquiring land sites and developing residential and commercial properties in both Croatia and Australia, Filip is well placed to support international investors entering the Croatian market.
  • The Management Board of Globe Trade Centre S.A. has announced that on 18th of March, 2024 the company accepted Barbara Sikora's decision to resign from the company's authorities.

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