ARTICLES LABELLED WITH TAG report

Prominent investors, developers, advisors and other professionals discussed how technology and climate change are rewriting the rules of the real estate game at the RICS’s latest global summit. Here are our key takeaways from the RICS World Built Environment Forum, organized in New York this May.

Property Forum and RICS are organizing Prague Property Forum for the third time this year. Just like in previous years, leading decision makers in real estate will come together in Prague to discuss the future of our industry. CEOs, influential investors, bankers, developers, fast-growing proptech start-up founders, architects and valuers will analyse the potential of the Czech property market from a global perspective, providing an excellent networking opportunity.

Allianz Real Estate intends to invest as much €500 million in CEE property over the next two years, according to a Bloomberg article.

Approximately €754 million was invested in Polish commercial property in the first quarter of 2019, according to Cushman & Wakefield’s latest investment market report.

The pace of yield compression decelerated across Europe’s commercial real estate markets in the first quarter of 2019, according to Cushman & Wakefield’s latest DNA of Real Estate report.

The first quarter of 2019 proved to be a very good one for the industrial sector in Poland - the gross take-up exceeded 800,000 sqm with more than 620,000 sqm being delivered to the market, and approx. two million sqm under construction. JLL summarized the situation on the Polish industrial market at the end of Q1 2019.

The phenomenal growth of the ‘flex’ sector is set to continue apace in years to come, with flexible workspace in EMEA grow by over 50% by 2022 and the number of office workers occupying this space growing to 750,000 across the region. That’s according to global real estate advisor, Colliers International, which recently released its Flexible Workspace Outlook Report 2019.

In the first quarter of 2019, leasing activity hit 140,100 sqm on the Warsaw office market, of which more than 101,000 was transacted under new deals and expansions. Cushman & Wakefield summarised the Warsaw office market in Q1 2019.

Poland's office market in Q1 2019 saw office supply growing, vacancy rates dropping comparing to the last year, and demand predominantly being driven by IT, services and manufacturing. Advisory firm JLL summarised the situation on the Polish office market at the end of Q1 2019.

According to the RICS Global Commercial Property Monitor (GCPM), 38% of respondents reported that climate risks are not important or irrelevant for investors. In addition, according to the Global Construction Survey (GCM), over a third, (36%) of respondents believe that though compared to two years ago, investor focus has shifted towards building designs that are energy efficient and carbon neutral, it is only limited to a few niche investors.