ARTICLES LABELLED WITH TAG report

According to Antony Slumbers, one of the keynote speakers of Budapest PropTech Forum 2019, the impact of artificial intelligence (AI) is probably larger than that of electricity or the steam engine. In the world of real estate, AI can make the design, construction, management, lease and sale of buildings much more efficient.

M7 Real Estate has completed €75 million of disposals across Central Europe in 2018 on behalf of both in house funds and third party mandates. M7 maintained Assets Under Management in Croatia, the Czech Republic, Hungary, Slovakia and Poland at €285 million, with a portfolio comprising 375,000 sqm of multi-let office and industrial space. In addition, M7 completed circa 50 leasing events, including new leases and lease re-gears.

In 2018, Poland joined the group of 25 most developed economies in the world. In this context, last year’s data from the warehouse and industrial market are a confirmation that Poland fully deserved its upgrade, says Tom Listowski, Partner, Head of Industrial & Warehouse, CEE at Cresa, in the firm’s latest report

At the end of 2018, the total office stock of Katowice, Poland’s fifth largest office market, stood at 519,300 sqm. Last year’s new supply amounted to 50,800 sqm (+218% y/y) delivered across ten office projects, the biggest completions being .KTW (18,200 sqm), Silesia Business Park IV (10,700 sqm) and GPP Business Park IV – Bloch (7,500 sqm). Another 52,000 sqm of office space is expected to be constructed at seven new office schemes in the coming 12 months, according to Cushman & Wakefield.

An application that allows you to order room service with an emoji, a hotel lobby arranged to resemble a coworking office, a bar that serves regional beers, or spaces where you can feel part of the local community – these are just some of the new features being implemented by a growing number of hotels. The reason? Growing customer expectations have motivated both operators and owners to create hotel brands that will provide unique experiences, according to JLL.

According to a recent report by BNP Paribas Real Estate Poland, Kraków and Wrocław are at the lead of cities with the highest volume of new office supply for 2018 in Poland. The two markets hold 59% of the new space completed and delivered in the eight key regional cities and account for more than half of the net take-up generated last year.

In 2018, retail investment volume reached a record high of €2.5 billion in Poland. Retail was the second most sought-after sector after offices, accounting for 34% of all investment activity in Poland. Paweł Nowakowski, Head of Capital Markets at Cresa Poland, predicts in the latest “Retail Occupier Economics” report that this year may be equally good for Poland.

Cresa has prepared its latest report “Retail Occupier Economics” on the condition of the Polish retail market with data on retail stock by format and location, planned supply, retail space saturation rates, retail sales growth, new brands on the market and investor interest in the sector.

At the end of 2018, modern office stock in Poland’s eight biggest cities (Krakow, Wrocław, Tricity, Katowice, Poznań, Łódź, Szczecin and Lublin) stood at more than 4.9 million sqm (+12% y/y). Krakow, Wrocław and Tricity topped the league table for total office stock. The Wrocław office market was the second regional city after Krakow to see its volume of office space exceed one million sqm. Cushman & Wakefield has summarized 2018 on Poland’s regional office markets.

Hong Kong will retain its title as the world’s most expensive office market despite rents being forecast to decrease in 2019, according to Knight Frank’s latest Global Outlook Report. Knight Frank's chief economist believes that there is a compelling global case for continued rental growth across the global cities.