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News Poland’s retail market attracts overseas brands
08
Nov
2018

Poland’s retail market attracts overseas brands

by Property Forum
High retail space saturation will attract new tenants to Poland. It is a hallmark of a mature and stable market where retailers are able to make store turnover and expansion plans a lot more easily, says Szymon Łukasik, Head of Retail at Cresa Poland.
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News Living in Prague is becoming more expensive than in Bratislava
05
Nov
2018

Living in Prague is becoming more expensive than in Bratislava

by Property Forum
Prague is becoming increasingly more expensive than Bratislava. Employees continue to earn more in the capital of the Czech Republic, though the cost of living is also rising, especially in regards to housing. This is evidenced by the results of research done by JLL, which compared the prices of apartments in both capitals.
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News Strong demand for regional offices in Poland
31
Oct
2018

Strong demand for regional offices in Poland

by Property Forum
In Q3 2018, Poland’s eight largest regional cities (Krakow, Wrocław, Tricity, Katowice, Poznań, Łódź, Szczecin and Lublin) saw more than 176,000 sqm of office space delivered across 21 new projects, taking the total space available on those markets to 4.81 million sqm. Cushman & Wakefield presented a summary of Polish regional office markets.
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News As efficiency increases, logistics rents will grow
30
Oct
2018

As efficiency increases, logistics rents will grow

by Property Forum
In the third paper of a three-part series looking at the future of logistics real estate, Prologis examined the implications for logistics property in light of emerging trends for transport, labour productivity and consumer behaviour. Prologis predicts these trends will create big efficiencies in supply chains and bring associated cost savings for users of logistics facilities – a proportion of which will go towards paying higher rents, especially for facilities located in urban infill areas, as this will lead to much higher efficiency gains.
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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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Latest news


New leases

  • Cărturești is set to become an anchor brand in the RIVUS project developed by Iulius, in Cluj-Napoca, where it will house the country's largest bookstore. The company will lease 2,500 sqm of space, spread across two levels.
  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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