ARTICLES LABELLED WITH TAG report

News Rising prices on Prague’s residential market
18
Mar
2018

Rising prices on Prague’s residential market

by Import Sys
New projects are building up slowly, the number of commenced constructions are declining and high demand remains. At the end of last year, approximately 8,100 units were under construction in Prague. This is the lowest result since 2014. The total number of completions reached 6,176 apartments which is 5% below 2016 levels. 2018 will most probably not bring a major change, rather the opposite. In 2018, the construction of around 3,800 new flats will commence, the lowest figure since 2009. About 5,000 units will be completed, marking a significant decline compared to 2017.
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News Łódź office market prepares for further growth
18
Mar
2018

Łódź office market prepares for further growth

by Import Sys
Cushman & Wakefield launched its latest Łódź real estate market report at MIPIM. The report, prepared in cooperation with the Investor Service and International Cooperation Bureau of the City of Łódź Office, contains an overview of the city, its growth potential, numerous revitalisation projects and commercial property market. Its key findings were presented at the Łódź stand at MIPIM by Zuzanna Krech, a Negotiator in the Office Agency of Cushman & Wakefield, and representatives of the city’s authorities.
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News Prague to see new hotel conversions
18
Mar
2018

Prague to see new hotel conversions

by Import Sys
The Czech hospitality market has been achieving above-average performance rates thanks to a steadily growing number of tourists. This has had a positive effect on hospitality properties whose yields ranging between 6% and 7% are noticeably higher than the yields in other commercial sectors, specifically retail, office and industrial. They are also attractive with rents guaranteed for a long time. As a result, converting office space into hospitality facilities is becoming a frequent choice among both domestic and international investors. Czech operators can compete with foreign ones quite capably and tend to be the preferred choice for hotel owners. Just about 14% of the local market operators are international brands.
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News World’s ultra-wealthy population increases by 10%
18
Mar
2018

World’s ultra-wealthy population increases by 10%

by Import Sys
Knight Frank has launched The Wealth Report, a study on global wealth. This year’s edition shows that the number of ultra-wealthy people (those with net assets of $50 million or more) rose by 10% in 2017 – taking the global population to 129,730, with a combined worth of $26.4 trillion.
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News 80% of what we do will be automated, what about the rest?
15
Mar
2018

80% of what we do will be automated, what about the rest?

by Ákos Budai
The pace of change in property is undoubtedly getting faster. The way real estate is being built, managed and valued is being digitised which means that sooner or later many of the current job titles will disappear. Property Forum reports from MIPIM where a discussion held on the Colliers International boat provided a deep insight into the future of the property business.
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News Romania is second only to Austria
15
Mar
2018

Romania is second only to Austria

by Import Sys
Austria (+74%), Romania (+54%), the Netherlands (+46%), and Denmark (+32%) experienced the greatest annual increases in commercial property investment in 2017, as total investment across Europe rose to €234 billion, a 7% increase year-on-year, according to.
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News Warsaw to be fully revitalised by 2020
15
Mar
2018

Warsaw to be fully revitalised by 2020

by Import Sys
Warsaw, Poland’s capital and largest city, has a population of more than 1.75 million. It is also the country’s biggest labour market and home to many university-level schools with a strong R&D sector. It boasts a relatively low unemployment rate which stood at 5.6% at year-end 2017 and the highest gross monthly salary averaging €1,300 (PLN 5,432). Warsaw is growing at a rapid pace, combining modernity with history, new business districts with green areas, the latter accounting for 28% of the city’s total area in 2017, and investing in both public transport and alternative means of transport (including 400 km of cycle lanes as at the end of 2017). Cushman & Wakefield has launched its latest report Warsaw 2020 on Warsaw’s future and major developments transforming the city’s skyline
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News 500,000 sqm leased by business services centres in Poland
15
Mar
2018

500,000 sqm leased by business services centres in Poland

by Import Sys
Up to 500,000 sqm of office space was leased in 2017 by companies from the business services sector. The positive trend should continue in 2018. According to the estimates by ABSL, 50 new centres will likely open in the upcoming months, which will, in turn, lead to high demand for office space. JLL analysed the activity of companies from the business services sector in Poland in 2017.
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News Ports drive Tricity's office market growth
15
Mar
2018

Ports drive Tricity's office market growth

by Import Sys
In 2017, Tricity’s office space absorption hit a record high of 79,400 sqm, compared to the five-year average of more than 58,000 sqm. Leasing conditions in the region hold stable, says tenant-only real estate advisory firm Cresa.
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News Retail and hotel dominate Croatia’s investment market
15
Mar
2018

Retail and hotel dominate Croatia’s investment market

by Import Sys
Retail and hotel sectors recorded highest investment volumes in the Croatian commercial property market in 2017. According to information available and Colliers’s estimate, 2017 brought more than €320 million investment in transactions of 22 investment properties. This does not include pending transactions or confidential deals.
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Latest news


New leases

  • DP World has signed a 10-year lease for 700 sqm of office space in One Cotroceni Park, in a deal brokered by CBRE.
  • Xtreme Fitness Gyms joins the group of service sector tenants who have signed a contract at the retail park under development by Redkom Development in Bielsko-Biała. The gym and fitness club will occupy an area of over 800 sqm.
  • In Warsaw's Norblin Factory, the only stationary Answear.com concept store in Europe started its activity. On the area of 2,000 sqm, the customers will find an offer of premium fashion brands, which so far were available only online.

New appointments

  • STERENN, a consultancy firm specializing in hospitality market entry and real estate asset sourcing, proudly announces the addition of Bryan Wilson to its Advisory Board. Bryan Wilson brings a wealth of expertise in real estate transactions, particularly within the hospitality sector. He co-founded Wilsons, a prominent law firm in Prague, and is a UK-registered lawyer and now heads up the CEE region for DUAL Asset, transactional risk insurers.
  • MLP Group’s management team has added new members - Katarzyna Misztal (Leasing Manager), Paweł Reszczyński (Senior Land Acquisition Manager), Zuzanna Pukaluk , Mateusz Sobczak (both a Project Managers) and Szymon Grochowski ( Land Acquisition Manager). In their new roles, they will be entrusted with land acquisition and preparation for upcoming projects, oversight over construction and project work, space commercialisation and tenant relationships.
  • Zuzanna Paciorkiewicz, PhD, has been appointed as Head of Asset Services CEE at Cushman & Wakefield following her tenure as Co-Head with Ondřej Fukal.

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