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News Poland needs more flexible workplaces
08
Nov
2017

Poland needs more flexible workplaces

by Import Sys
The growth of the start-up culture and the high-tech sector, leading to an ever larger number of projects that require swift staff reorganisations, has sparked a boom on the Polish market of co-working space and serviced offices, as revealed by real estate advisory firm Savills in its latest report Flexible Workplaces in Poland.
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News Polish office market expands rapidly
03
Nov
2017

Polish office market expands rapidly

by Import Sys
From Q1 to Q3 2017 companies in Poland signed lease agreements for over 1 million sqm of modern office space while nearly 548,000 sqm was delivered to market. Furthermore, 1.8 million sqm of is under construction. JLL summarised the situation on the Polish office market at the end of Q3 2017.
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News Czech and Bulgarian markets drive CEE investment boom
31
Oct
2017

Czech and Bulgarian markets drive CEE investment boom

by Import Sys
Investment flows into the CEE-6 region’s commercial real estate markets rose 12% y-o-y in the first nine months of 2017. The €7.6 billion closed deal total coupled with a still full pipeline of deals under consideration suggests that the annual cycle high of €12.2 billion invested last year is likely to be matched or overhauled. Substantial growth in Czech and Bulgarian volumes were the drivers of the momentum in the January-September 2017 period, says Colliers International in its latest report.
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News Bucharest leads the Romanian industrial market
30
Oct
2017

Bucharest leads the Romanian industrial market

by Import Sys
Demand on Romania's industrial and logistics market reached 456,000 square meters in the first nine months of 2017, close to the level recorded for the whole last year when it cumulated 463,000 square meters, according to JLL:
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News Bulgaria is definitely back on the map
30
Oct
2017

Bulgaria is definitely back on the map

by Ákos Budai
The Bulgarian property market is booming with the total transaction volume expected to exceed €1 billion in 2017. The outlook for the future is highly positive: strong demand, underpinned by solid economic growth, encourages developers to start new projects in all segments of the market.
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News Almost no vacant industrial space left in Prague
26
Oct
2017

Almost no vacant industrial space left in Prague

by Import Sys
At the end of Q3 2017, the vacancy rate in the Czech industrial market reached 3.6%. Vacancy in Prague fell below the country average to the level of 2.8%. The Industrial Research Forum has released the final industrial market figures for Q3 2017.
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News New office developments are reshaping CEE capitals
26
Oct
2017

New office developments are reshaping CEE capitals

by Import Sys
The office markets of Central European capitals are growing dynamically with the number of new leases on the rise and vacancy rates hitting record lows in several cities. In light of all this it is no surprise that development activity is also heating up on the most popular markets of the region.
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News Increased speculative development on the Czech industrial market
26
Oct
2017

Increased speculative development on the Czech industrial market

by Import Sys
Total stock on the Czech industrial property market reached 6.71 million sqm by the end of the third quarter of 2017. From July to September this year, 68,000 sqm of new warehouse space were completed in 5 parks. Compared to Q2 2017, when a total of 208,000 sqm was delivered, it means a quarter-on-quarter decline of 67 percent. Compared to Q3 2016, when a total of 52,000 sqm was delivered to the market, it is a year-on-year increase of 31 percent. 108 Agency presented an overview of the Czech industrial property market.
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News Warsaw's office market can’t stop growing
26
Oct
2017

Warsaw's office market can’t stop growing

by Import Sys
Continued growth in the investment attractiveness of Warsaw has resulted in high demand for modern office space and is matched by tremendous developer activity. JLL summarised the situation on the Warsaw office market at the end of Q3 2017.
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News €1.3 billion invested in Hungarian real estate year-to-date
19
Oct
2017

€1.3 billion invested in Hungarian real estate year-to-date

by Import Sys
During the third quarter of 2017 the total commercial real estate investment transaction volume reached some €505 million in Hungary, pushing the 2017 year-to-date volume to nearly €1.3 billion, according to JLL Hungary’s latest statistics.
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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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