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News E-commerce dominates Poland’s warehouse market
26
May
2017

E-commerce dominates Poland’s warehouse market

by Ákos Budai
Poland’s industrial and warehouse sector recorded the strongest first quarter in its history. Schemes with the total area of 592,000 sqm were delivered to the market between January and the end of March, which represents as much as 45% of the total volume of 2016. BNP Paribas Real Estate highlights that the invariable driving force behind the market’s growth for the past several quarters have been businesses from the e-commerce sector.
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News What do millennials and Gen Z employees want?
25
May
2017

What do millennials and Gen Z employees want?

by Ákos Budai
The Budapest office market is booming and as the needs of tenants are changing, developers need to pay attention not only to sustainability but to employee well-being as well. Panelists at Portfolio’s FM & Office 2017 conference in Budapest talked about the future of the office market in the capital.
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News Warehouse market closes strong quarter in Poland
24
May
2017

Warehouse market closes strong quarter in Poland

by Ákos Budai
In Q1 2017 a total of 970,000 sqm was leased on the warehouse market in Poland, 42% more than in Q1 2016. Developers put into operation 475,000 sqm and over 1.4 million sqm are under construction. Results for the first quarter of 2017 allow optimistic forecasts for the coming months according to AXI IMMO’s latest report.
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News Wroclaw overtakes Krakow as most booming regional market
23
May
2017

Wroclaw overtakes Krakow as most booming regional market

by Ákos Budai
There is currently 1.66 million sqm of office space under development in Poland, of which 965,000 is located outside Warsaw. Historically, this is the highest construction activity registered on Poland's regional markets, JLL reports. During the first three months of 2017, companies signed lease agreements for 371,700 sqm of office space, of which 177,700 sqm was leased on markets outside Warsaw. 
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News Megaprojects are transforming the Budapest skyline
18
May
2017

Megaprojects are transforming the Budapest skyline

by Ákos Budai
Fenced-off construction sites, scaffold-enfolded buildings and grandiose developments – often only in plans – have become characteristic of the Budapest property market. Just four years after the deepest point of the recession, there is hardly any indication of those hard times left. The upwards trend exists not only on the residential market, but also on the office market, which impacts the majority of companies and employees. The largest investors adapted to the renewed demand and began building massive numbers of office buildings, and entire new areas of the city are being born.
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News Tenants and developers look at smaller cities in Poland
18
May
2017

Tenants and developers look at smaller cities in Poland

by Ákos Budai
After record-breaking 2016, there are still good prospects ahead of Poland’s warehouse market. Regional markets will gain in attractiveness owing to the improving transport infrastructure, availability of investment lands and employees that begin to lack on the most popular markets – according to a report by Colliers International entitled “New locations, new possibilities. Logistic centres vs. labour market”, which was prepared in cooperation with Randstad Poland. 
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News Investors go for retail in the Czech Republic
17
May
2017

Investors go for retail in the Czech Republic

by Ákos Budai
Retail property investments continue to attract investors´ attention within the EMEA region as well as in the Czech Republic. Due to a lack of quality retail schemes available for purchase in the European core markets, investors´ interest has been broadening in terms of geographies as well as retail asset classes. The latest JLL study summarises the trends on the European retail market from an investors´ perspective. 
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News Poland’s office markets steam ahead
11
May
2017

Poland’s office markets steam ahead

by Ákos Budai
During the last three years, companies have leased nearly 4 million sqm of modern office space in Poland. Taking the dynamic development of firms into consideration, 2017-2019 can generate office demand of up to 5 million sqm, JLL predicts.
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News Local investors dominate the Czech market
11
May
2017

Local investors dominate the Czech market

by Ákos Budai
CBRE sees continuing strong demand from investors in the Czech Republic across the core sectors of office, retail and industrial with an increased demand for more specialist sectors such as hotels and residential. The retail sector in Q1 clearly dominated with more than €900 million transacted, followed by the office sector with a 20% share of total market volume.
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News Tenant representation - An ethical landmine?
11
May
2017

Tenant representation - An ethical landmine?

by Ákos Budai
Tenant representation is becoming an increasingly common phenomenon on the office markets of Central Europe, which is without a doubt a sign of a healthy, growing and more educated market. Their activity, however, often raises ethical questions as it’s still often unclear who pays for their services. Conflict of interest in tenant representation has been one of the key topics of two regional events: the Property Forum - RICS Prague Property Summit 2017 and the latest RICS Hungary Tea & Talk in Budapest.
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Latest news


New leases

  • Two more brands have joined the ranks of tenants at Galeria Copernicus in Toruń: Żabka (60 sqm) and the pet shop Aquael ZOO (170 sqm).
  • The company PKB Inwest Budowa has announced that the retail chain Lidl Polska will be a tenant of the newly developed Retail Park in Garwolin. The investment will include the construction of 3 buildings with a total area of 11,045 sqm. GLA. One of of them with an area of over 2,100 sqm will be occupied by a Lidl Polska shop.
  • Peek & Cloppenburg has chosen the Szczecin Galaxy shopping centre to make its debut in West Pomerania in Poland. The brand's only shop in this part of the country will be almost two thousand square metres in size.

New appointments

  • Angelika Majkowska has taken up the position of HR director at Apsys Poland. Angelika, who has been with the company since 2013, will be responsible for complex HR policies in an organisation with a structure involving more than 19 teams in various locations.
  • Filip Krstičević is joining iO Partners in Zagreb as Regional Manager, focusing on leasing and land deals across the region. With a strong track record of acquiring land sites and developing residential and commercial properties in both Croatia and Australia, Filip is well placed to support international investors entering the Croatian market.
  • The Management Board of Globe Trade Centre S.A. has announced that on 18th of March, 2024 the company accepted Barbara Sikora's decision to resign from the company's authorities.

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