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News Northern Bucharest emerges as logistics hub
30
Oct
2018

Northern Bucharest emerges as logistics hub

by Property Forum
The areas in northern Bucharest, such as Stefanestii de Jos and Chitila, have the potential to form a new logistics hub, according to Colliers International. Over 180,000 sqm of logistics space is to be delivered next year, as the West of the capital has become loaded in terms of the development of industrial and logistic spaces.
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News Strong pipeline on Poland’s retail market
30
Oct
2018

Strong pipeline on Poland’s retail market

by Property Forum
The growth in new European shopping centre space has started to slow, as mature European markets begin to reach the peak of space required, according to the latest research from Cushman & Wakefield.
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News 3 ways to fight ‘common diseases’ in offices
29
Oct
2018

3 ways to fight ‘common diseases’ in offices

by Property Forum
New furniture. Everything is neatly organized. Everything is in its place. And it is extremely tidy. New offices tend to look as if they are images in a catalogue or a photorealistic visualisation delivered by an architect – but this only lasts for a short while. It takes no more than a few weeks for slow, yet inevitable changes to begin creeping into a new office. As the lease term passes, the office acquires a life of its own: it is an organism straining to adapt to the dynamic movements of people, things and activities that fill it and shape the space.
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News Warsaw office market continues to flourish
29
Oct
2018

Warsaw office market continues to flourish

by Property Forum
Positive sentiment amongst tenants, developers and investors are reflected in the spectacular demand for office space and reduced vacancy rates in Warsaw. The growing presence of co-working companies is another sign of an expanding market. JLL summarised the situation on the Warsaw office market at the end of Q3 2018.
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News Persistently positive outlook on the Budapest market
29
Oct
2018

Persistently positive outlook on the Budapest market

by Property Forum
Rents remained stable on the Budapest commercial property market in H1 2018, according to the last survey of the National Bank of Hungary (MNB) and RICS. The typical yield level decreased by roughly 25 basis points to 6% for prime offices and 7.5% for industrial/logistics properties. Respondents anticipate an increase in demand for investments in most market segments for H2 2018, particularly in the case of prime office and industrial/logistics properties.
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News Business travellers drive Bucharest’s hotel market
25
Oct
2018

Business travellers drive Bucharest’s hotel market

by Property Forum
The Central and Eastern European (CEE) hospitality market is showing a positive evolution, with all the performance indicators higher than in the previous year. Between 2013 and 2017, Bucharest stands out with an average increase of overnight stays of 10.1% per year, the highest in the region, according to Cushman & Wakefield’s latest report.
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News Central bank regulation to affect house prices in Romania
25
Oct
2018

Central bank regulation to affect house prices in Romania

by Property Forum
The National Bank of Romania (NBR) reintroduced limits for the maximum indebtedness levels for individuals or families seeking out consumer or mortgage loans. These debt service-to-income (DSTI) ratios will become 40% for RON loans and 20% for hard currency starting in 2019. As per Colliers International Romania’s estimates, for the residential market, the impact in terms of prices will be uneven, geared more towards the low and medium-low segments of the residential market.
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News Over €1 billion invested in Warsaw offices in 2018
25
Oct
2018

Over €1 billion invested in Warsaw offices in 2018

by Property Forum
In the first three quarters of 2018, the total investment volume on the Warsaw office market hit €1.14 billion, which represented a threefold increase on the same period in 2017. Cushman & Wakefield presented a summary of Q3 2018 on the Warsaw office market.
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News No empty warehouses left in Budapest
25
Oct
2018

No empty warehouses left in Budapest

by Property Forum
The vacancy rate slightly increased on the Budapest industrial market to 3.7%. At the end of the Q3 2018 a total of 76,240 sqm stood vacant, and there are only two existing schemes with more than 5,000 sqm of available warehouse space. The Budapest Research Forum published its quarterly industrial market analysis
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News 2018 investment volume to reach €6 billion in Poland
19
Oct
2018

2018 investment volume to reach €6 billion in Poland

by Property Forum
At the beginning of October, the total value of real estate investment transactions completed in Poland year-to-date exceeded €5 billion which is comparable to 2017's total. JLL analysed this year’s investment transactions conducted in the commercial real estate sector in Poland.
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Latest news


New leases

  • Smurfit Westrock, a company active in the packaging industry, has decided to extend its lease agreement and expand its office space at Quattro Business Park in Kraków. The company now occupies 1,713 sqm on the first and second floors of Building D.
  • Igepa Polska, a distributor of paper, printing machines and media, has decided to renegotiate the terms and conditions of its lease for 3,700 sqm of warehouse space in Panattoni Park Poznań IX (western Poland). The transaction was facilitated on behalf of the tenant by Newmark Polska.
  • AND2 office building, the tallest building in Poznań (western Poland), is gaining a new tenant. BeIN Offices will offer ca 3,300 sqm of coworking space with a view of the city skyline.

New appointments

  • At the beginning of February, Michał Chodecki became the head of the Warehouse & Logistics department of Savills Poland. The new director is responsible for the strategy and direction-setting of this business line and building relationships with key clients.
  • CTP has appointed Andrei Marian, who brings nearly nine years of experience in real estate development and consultancy firms, as its new Regional Business Development Director in Romania.
  • Maciej Müldner has been appointed as the new Chief Financial Officer (CFO) of MLP Group. An experienced executive, he has spent nearly 20 years contributing to the development of the Skanska Group in Central Europe.

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