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News - Total demand for Bucharest offices could reach record-high in 2019
24
Oct
2019

Total demand for Bucharest offices could reach record-high in 2019

by Property Forum
In Q3 2019, 66,000 sqm of new modern office buildings were handed over in Bucharest and there are big chances to break the 300,000 sqm threshold by the end of the year, according to Colliers International. The higher vacancy and infrastructure discrepancies will likely support a more thorough segmentation of the market, with the gap between well-located buildings and those at the opposite spectrum likely to increase over the medium term.
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News - Senior living sector sees record levels of investment
21
Oct
2019

Senior living sector sees record levels of investment

by Property Forum
According to Savills, more than €700 million has been invested in the senior living sector across the UK and Europe since the beginning of the year, which is the highest level ever recorded. In Poland, the market in this sector is on an early stage of development but has great potential.
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News - Stable growth on Poland's retail market
21
Oct
2019

Stable growth on Poland's retail market

by Property Forum
Over the last decade, the country's retail sector has grown by nearly 40%. The increasing maturity of the sector has changed how new stock is distributed and has motivated landlords to diversify their offer. JLL summarised conditions on Poland's retail market.
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News - Cluj-Napoca continues to attract office tenants
21
Oct
2019

Cluj-Napoca continues to attract office tenants

by Property Forum
CBRE studied the status of the city lying on the shore of Someș from the Romanian office market point of view, concluding in reconfirming the leader position of Cluj-Napoca among the regional cities.
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News - Retail dynamics drive polarisation of Europe’s shopping centre market
21
Oct
2019

Retail dynamics drive polarisation of Europe’s shopping centre market

by Property Forum
Challenges and changes in the retail sector are continuing to impact the dynamics of the European shopping centre market with new research from Cushman & Wakefield showing development activity across the continent is strongly polarised at both a country and city level.
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News - No empty warehouse left in Budapest
21
Oct
2019

No empty warehouse left in Budapest

by Property Forum
The vacancy rate on the Budapest industrial market reached 2% at the end of Q3 2019. Total demand amounted to 154,825 sqm, indicating a 42% increase from the figure noted in the same period last year. The Budapest Research Forum published its quarterly industrial market analysis.
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News - Strong demand for Budapest offices
21
Oct
2019

Strong demand for Budapest offices

by Property Forum
Total demand on the Budapest office market in Q3 2019 reached 191,235 sqm, representing a 41% growth compared to the same period of last year, according to BRF’s latest figures.
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News - Over €585 million invested in Romanian real estate so far this year
14
Oct
2019

Over €585 million invested in Romanian real estate so far this year

by Property Forum
The volume of real estate investments in Romania exceeded €585 million in the first nine months, shows the latest research report of CBRE. The office market attracted more than half of the investments, Bucharest and Cluj-Napoca being the most dynamic cities, with almost 90 percent of the investment volume.
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News - Office demand remains strong across Europe
10
Oct
2019

Office demand remains strong across Europe

by Property Forum
What’s next for the office market? What do occupiers want? What effect would an economic slowdown have on development? Heads of the European offices of real estate advisory firm Cresa talked about business opportunities and risks, and the global political uncertainty at their annual conference in Warsaw.
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News - Investment volume to see slight dip in Poland
10
Oct
2019

Investment volume to see slight dip in Poland

by Property Forum
Prosperity on the real estate investment market in Poland is still noticed. Good economic situation and attractive yields in comparison to the Western Europe has attracted foreign investors even from distant countries and continents. Will the momentum be kept? What are the forecasts for the end of 2019?
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Latest news


New leases

  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.

New appointments

  • iO Partners has appointed Constantin Banu as Business Development Director for its Industrial and Land segments. With over 25 years of experience in the Romanian real estate sector, Banu is widely credited with helping shape the local logistics market. In his new role, he will oversee expansion strategies for the two segments.
  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.

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