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News - Record low vacancy on the Budapest office market
11
Oct
2017

Record low vacancy on the Budapest office market

by Import Sys
Demand on the Budapest office market in Q3 2017 increased by 67% compared to the previous quarter, reaching 164,985 sqm. Combined with a marginal growth in supply the vacancy rate further decreased to 7.6%. The Budapest Research Forum published its latest figures.
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News - Czech industrial stock expands rapidly, driven by e-commerce
11
Oct
2017

Czech industrial stock expands rapidly, driven by e-commerce

by Import Sys
The Czech industrial & logistics real estate market has changed beyond all recognition over the past five years, with the total stock of logistics and warehouse space rising 66% over the period, driven by strong growth in e-commerce and retail, according to Colliers International’s latest Czech Industrial & Logistics Market Barometer.
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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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Latest news


New leases

  • Globalworth announced the signing of a lease agreement with B+N Integrated Facility Services, part of the international facility management company LIWO Group, which operates across nine European countries. B+N will occupy approximately 1,500 sqm of office space in Green Court D, Globalworth’s newest development in Bucharest, currently under construction in the Aurel Vlaicu area and scheduled for completion in 2027.
  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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