ARTICLES LABELLED WITH TAG report

News - Chinese tenants increase their activity in the Czech Republic
09
Oct
2017

Chinese tenants increase their activity in the Czech Republic

by Import Sys
In the past 18 months, three major Chinese logistics providers leased almost 100,000 sqm of new warehouse premises, one of them being 68,000 sqm leasing agreement in VGP Park Jeneč signed by the company 4PX Express (logistics operator of Chinese e-commerce company Alibaba). This transaction ranks among the largest single industrial transactions of this year. Chinese concentration on the Czech market is expected to continue as there are several other major transactions currently underway.
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News - Auto producers favour Bulgaria and the Czech Republic
09
Oct
2017

Auto producers favour Bulgaria and the Czech Republic

by Import Sys
Labour force is the key factor for auto player’s location decision-making process - says Colliers International in its latest research. The auto producers and component suppliers sector is very important in CEE industrial and is growing. Auto exports ranged from 4.7% of total exports in 2015 in Bulgaria, upwards to 28.0% in Hungary and 34.6% in Slovakia, growing at a regionally-weighted annual rate of 7.4% in the period 2010-2015.
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News - More technology doesn’t mean less demand for office space
09
Oct
2017

More technology doesn’t mean less demand for office space

by Ákos Budai
According to Property Forum’s survey, real estate professionals in CEE are not afraid of future technologies and they think that just because the way we work is changing that doesn’t mean that we will need less office space in the future.
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News - Central Poland’s logistics market performs well
09
Oct
2017

Central Poland’s logistics market performs well

by Import Sys
Central Poland, Prague and Bucharest are among the most desirable logistics locations in Europe, according to a new research by Prologis that examines why logistics customers in Europe choose certain locations over others.
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News - International investors go for regional cities in Poland
09
Oct
2017

International investors go for regional cities in Poland

by Import Sys
Investors are increasingly looking at Polish regional cities such as Krakow, Wroclaw, Lodz, Poznan, Tricity and Katowice, says Colliers International in its latest research report.
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News - No need to worry about oversupply in Budapest
05
Oct
2017

No need to worry about oversupply in Budapest

by Import Sys
Despite record low vacancy levels in Budapest and an increasingly landlord-friendly leasing environment, industry commentators have warned of an imminent oversupply around the corner. But there is no need to panic just yet, suggests Orsolya Hegedűs and Mike Edwards at Cushman & Wakefield, Hungary.
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News - Growing confidence in CEE showcased at Expo Real
04
Oct
2017

Growing confidence in CEE showcased at Expo Real

by Ákos Budai
Central and Eastern European cities have further increased their presence at the largest property event in Europe. Investment markets are booming and this is clearly visible when looking around the stands of Hungarian, Polish, Czech and Romanian cities. Our takeaway from CEE themed panel discussions at Expo Real.
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News - Poland’s hotel market expands rapidly
28
Sep
2017

Poland’s hotel market expands rapidly

by Import Sys
In recent years, Poland's hotel market has shown continuous overall growth and has seen extensive investment. The number of hotels has almost doubled in the past ten years, predominantly due to Poland's opportunity to co-host the UEFA Euro 2012 with Ukraine. Between 2012 and 2016 alone, the number of hotels increased from 2,014 to 2,463, a 22% increase. Hotel property adviser Christie & Co analysed the Polish hotel market.
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News - Kraków office supply reaches 1 million sqm
25
Sep
2017

Kraków office supply reaches 1 million sqm

by Import Sys
Kraków is the biggest office market in Poland outside of Warsaw. In August 2017 Kraków surpassed the threshold of 1 million sqm of overall supply. As for H2 2017, JLL expects that the volume of new office space will total 105,000 sqm, which would constitute the second best result in Poland with Warsaw claiming the top position
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News - What does IFRS 16 mean for tenants on the Polish market?
25
Sep
2017

What does IFRS 16 mean for tenants on the Polish market?

by Import Sys
In line with the current accounting standards, commercial real estate leases and operating leases do not have be treated as long-term liabilities. They are very often held off-balance sheet or only partially disclosed as short-term liabilities. As a result, businesses, including the largest listed companies reporting in accord-ance with the International Financial Reporting Standards (IFRS), are required solely to include upcoming operating lease instalments and rental payments in their balance sheets. This, however, will change as of 1 January 2019. Bolesław Kołodziejczyk, PhD, Head of Research & Advisory at Cresa Poland analysed the impacts of IFRS 16.
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Latest news


New leases

  • The owners of the luxury patisserie chain DESEO Patisserie & Chocolaterie have extended their long-term lease at the Vis à Vis Wilanów retail park. The company occupies 93 sqm of stylishly arranged space within the building.
  • Funky Buddha, an international fashion brand part of the ALTEX S.A. group, is continuing its expansion into the Romanian market with the inauguration of its first store outside Bucharest, located in Iulius Town Timișoara. The new location, situated on the ground floor of the complex, marks the brand's second physical presence in the country.
  • HalfPrice has leased close to 1,600 sqm for a new store at M1 Radom centre, managed by EPP. CCC will also spend further years with M1, having renewed its lease agreement. The total area covered by the new and extended contracts exceeds 2,100 sqm.

New appointments

  • Nhood has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. She previously held leadership positions at large real estate firms, such as Cushman & Wakefield Echinox and CBRE Romania.
  • Daniel Orczyk has been named Senior Project Manager at the technical advisory department of Avison Young in Poland. He is a licensed structural engineer and building site manager with over 20 years of experience.
  • Łukasz Meisner has joined Peakside Capital Advisors as Head of Project Management. He will be responsible for the management of Peakside's investment projects in Poland, including overseeing the implementation of key investments within the City Point, Urban Parks, and Peakside Industrial logistics platforms.

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