ARTICLES LABELLED WITH TAG report

News 2017 can be a record year for the Czech investment market
27
Dec
2016

2017 can be a record year for the Czech investment market

by Ákos Budai
Strong demand across all investment sectors is expected to continue into 2017 in the Czech Republic and the €3 billion boundary could be exceeded once again. Retail is likely to become the most popular asset class next year, followed by offices and industrial. CBRE has released the Czech Republic Real Estate Market Outlook 2017.
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News Investors loved Budapest properties in 2016
22
Dec
2016

Investors loved Budapest properties in 2016

by Ákos Budai
Last year few would have anticipated that commercial real estate investment volumes for Hungary would even reach €1 billion this year, yet now it seems sure that 2016 will be a record year on the investment market. Over €910 million have been transacted in the first half of the year and an astonishing amount of new deals were announced in the second part of 2016, especially in the last few weeks. Looking at the transactions that took place this year, two things seem certain: one is that several new entrants made purchases in 2016 and the other is that market transparency still has a long way to go. 
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News Budapest and Bucharest are among Europe’s next tech hubs
19
Dec
2016

Budapest and Bucharest are among Europe’s next tech hubs

by Ákos Budai
CBRE has published its inaugural Understanding European Technology Clusters report, highlighting the vibrancy and rapid growth of Europe’s tech sector. The report analyses the characteristics of tech clusters and explores future opportunities among high-performing, and emerging, tech cities across Europe. 
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News Year of records on the Prague office market
16
Dec
2016

Year of records on the Prague office market

by Ákos Budai
Prague's office market has witnessed several records this year: the lowest annual office supply in history and one of the highest demand volumes. By the end of 2016, Prague´s office market will have 3,245,000 sqm of modern offices. At the same time, the Czech capital recorded the lowest annual office supply in history with only 33,600 sqm in 6 projects, On the contrary, over 180,000 sqm of new office space will be delivered to the Prague market next year. 
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News What’s next for the Warsaw office market?
15
Dec
2016

What’s next for the Warsaw office market?

by Ákos Budai
Warsaw’s office stock topped 5 million sqm in 2016. High growth dynamics and changing market conditions have led to inter- and intrazone tenant migration in the past two years. Building age is still central to the choice of a suitable location. Cushman & Wakefield presented its findings in a report on the future of the Warsaw office market.
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News Transparency is still an issue in the region
08
Dec
2016

Transparency is still an issue in the region

by Ákos Budai
Greater transparency and continuous training pave the way for higher professional standards on the real estate market. More than 100 professionals, from all over Austria and Central & Eastern Europe gathered in Vienna last week to discuss new directions in the profession at the latest RICS event. 
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News Romanian retail market attracts new brands
06
Dec
2016

Romanian retail market attracts new brands

by Ákos Budai
In 2016 the Romanian retail market was characterized by a high volume of delivered space and entry of new brands, which opened their first shops both in already existing shopping centers and in recently opened projects. Colliers International expects to see new names on the market, especially among Polish brands.
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News 2016 investment volumes to reach €1.8 billion in Hungary
30
Nov
2016

2016 investment volumes to reach €1.8 billion in Hungary

by Ákos Budai
During the Q1-Q3 2016 period total commercial real estate investment transaction volume reached €1.5 billion in Hungary, nearly double the 2015 total volume, a testimony to the sharp liquidity increase – according to JLL Hungary’s latest statistics.The outstanding performance of the market was backed by the strong market fundamentals and the growing investor appetite for the high yielding Hungarian assets. Approximately 45% of the volume was generated by the office asset class followed by retail (29%) and logistics (14%). The remaining deals included a mix of hotel assets and properties for redevelopment purposes.
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News Office developers get busy in Budapest
24
Nov
2016

Office developers get busy in Budapest

by Ákos Budai
During the third quarter, three new office buildings were completed with a total area of 39,570 sqm – reports JLL in their latest Budapest Office Market Pulse. The increasing development activity has had an effect on the vacancy rate as well: the Budapest office market’s vacancy rate made a slight increase to 10.9% as a result of the vacant space in the newly completed buildings and in the buildings from where the tenants moved out.
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News Budapest is back on the acquisition map
24
Nov
2016

Budapest is back on the acquisition map

by Ákos Budai
2016 brought about yet another turnaround on the Hungarian commercial property market. Real estate professionals from the country and all over CEE came together in Budapest at Property Investment Forum 2016, organised by Portfolio. The biggest and most important event of the Hungarian real estate market was held for the 12th time this year, attracting over 700 visitors and nearly 100 speakers.
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Latest news


New leases

  • Warsaw's Renova shopping mall, located in Targówek and owned by Napollo, has just opened the first outlet of the Mother Earth brand in Warsaw. The outlet will be located on the ground floor of the mall.
  • Gdańsk's Galeria Zaspa has gained a new tenant. Clothing brand Sinsay has taken nearly 600 sqm of space in the facility.
  • MediaExpert has joined the ranks of tenants in the shopping centre in Bełchatów - Galeria Bawełnianka. The electro market will occupy an area of over 600 sqm.

New appointments

  • Oscar Kazanelson - the current Chairman of the Supervisory Board of ROBYG - has been appointed Chairman of the Supervisory Board of Vantage Development. This is related to the decision to build synergies within the TAG Immobilien Group.
  • Piotr Chemperek has joined the experts of the Office Space Department at Colliers Poland, taking the position of Associate Director. He will be responsible for advising companies in the medical sector.
  • Magda Twarowska joins Logicenters Poland, the logistics arm of NREP, as Head of Commercial. She will be responsible for managing tenant relations and leasing activities, covering the standing assets and projects held by NREP NSF IV portfolio company, BIK S.A.


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