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News Office developers get busy in Budapest
24
Nov
2016

Office developers get busy in Budapest

by Ákos Budai
During the third quarter, three new office buildings were completed with a total area of 39,570 sqm – reports JLL in their latest Budapest Office Market Pulse. The increasing development activity has had an effect on the vacancy rate as well: the Budapest office market’s vacancy rate made a slight increase to 10.9% as a result of the vacant space in the newly completed buildings and in the buildings from where the tenants moved out.
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News Budapest is back on the acquisition map
24
Nov
2016

Budapest is back on the acquisition map

by Ákos Budai
2016 brought about yet another turnaround on the Hungarian commercial property market. Real estate professionals from the country and all over CEE came together in Budapest at Property Investment Forum 2016, organised by Portfolio. The biggest and most important event of the Hungarian real estate market was held for the 12th time this year, attracting over 700 visitors and nearly 100 speakers.
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News CEE hotel investment market is booming
16
Nov
2016

CEE hotel investment market is booming

by Ákos Budai
Hotel investment activity in CEE – from the Adriatic Coast to the Baltic Sea – has been booming in the second half of 2016, with numerous hotel properties being on the market and several transactions taking place, as hotel property specialist Christie & Co reports.
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News Bucharest and Budapest seem attractive from London
14
Nov
2016

Bucharest and Budapest seem attractive from London

by Ákos Budai
General optimism, attractive investment opportunities and more capital characterises the Central and Eastern European property market that is now considered a favourable investment destination by international investors. The second Emerging Europe Property Forum, co-organised by Portfolio Property Forum and RICS, took place on 8 November at the RICS HQ in London. 
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News Investors love Central European real estate
11
Nov
2016

Investors love Central European real estate

by Ákos Budai
According to Cushman & Wakefield, commercial real estate investment activity in the core Central European markets of Poland, the Czech Republic, Slovakia, Hungary and Romania reached €6.05 billion in the first three quarters of 2016, a 37% increase y-o-y, albeit with reduced activity during the third quarter. Investment in the CE region slipped back following a strong second quarter. The volume of assets traded totalled €1.4bn in Q3 2016, down over 20% a year ago and half Q2 volumes.
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News Should Budapest host the Olympic Games?
10
Nov
2016

Should Budapest host the Olympic Games?

by Ákos Budai
In the middle of August, the whole world was once again in Olympic fever, as Rio hosted the 31st Summer Olympic Games. The event bears significance for Hungary, beyond the achievements of its athletes, because Budapest is one of the cities which has applied to host the 2024 Summer Olympics.
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News Record take-up on the Polish industrial market
09
Nov
2016

Record take-up on the Polish industrial market

by Ákos Budai
At the end of September 2016 total modern warehouse stock in Poland stood at 10,920,000 sqm. Occupier and developer activity is expected to continue its strong momentum, as revealed by global real estate services firm Cushman & Wakefield in its latest Polish Industrial Market Q3 2016 report.
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News No room for new entrants on the Czech retail market
21
Oct
2016

No room for new entrants on the Czech retail market

by Ákos Budai
Only two shopping centres will be completed in 2016 in the Czech Republic due to the slow-down of construction activity in response to the perceived market saturation. Colliers International has released its Q3 retail market report for the Czech Republic, which also states that there are signs of new entrant demand which do not match suitable space availability. 
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News It’s time to look beyond Bucharest!
20
Oct
2016

It’s time to look beyond Bucharest!

by Ákos Budai
Romania has significantly strengthened its position as a favourable investment destination within Central & Eastern Europe and unlike other countries in the region, the Romanian property market is not entirely dominated by its capital city. Although investors and developers are most active in Bucharest, secondary and even tertiary cities have a lot of potential as well, and several companies have decided to explore what these regional hubs have to offer. 
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News Prague residential market reaches new highs
20
Oct
2016

Prague residential market reaches new highs

by Ákos Budai
In H1 2016, a total of 3,350 apartments in 47 new residential schemes were completed in Prague. For the second half of the year, another 3,200 units are estimated to be completed in the Czech capital. In total, JLL expects 6,500 units to be completed in Prague, which is the highest figure since the real estate crisis in 2009. 
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Latest news


New leases

  • AGS Estate has joined the group of tenants at the .BIG office building, located in the southern part of Kraków. The company is operating in the nationwide real estate market, in the HoReCa sector. GS Estate has leased over 300 sqm of space for a new dining facility.
  • International IT company Sollers Consulting has moved its regional Kraków office to the Browar Lubicz complex. The new office will occupy more than 1,200 sqm of space.
  • Another brand is joining the ranks of new stores in the expanded Turawa Park retail park near Opole (southern Poland). The Tedi chain store will occupy a unit of about 920 sqm.

New appointments

  • Savills has announced significant changes and promotions within its investment advisory, valuation, communication, and marketing departments in Poland. Karina Szafrańska has been promoted to Head of Valuations and Małgorzata Lińska-Bator has been promoted to Director in the Investment Department. Additionally, Marta Kołodziejska has been appointed the new Head of Marketing & Communication.
  • Residential developer STC Partners has appointed Elena Palade as Sales Director, while Bogdan Băzărea is the new Technical Director of the company. Palade has over 10 years’ worth of experience in real estate sales, while Băzărea’s career spans more than 20 years.
  • At the beginning of July, Jesika Mackiewicz took the position of Business Manager of Warsaw projects at Matexi Poland. She will be responsible for development of the company portfolio of residential projects and land purchases.

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