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There is currently over 46 million sqm of industrial space in the CEE region, of which one-fifth is in the Czech Republic and the largest part – more than a half – in Poland. There is more than 900 sqm of industrial space per thousand inhabitants in the country. Just 1.6% of the space in Czechia is currently vacant. A record-breaking 1,112,000 sqm is currently under development in the Czech Republic – the highest figure in history. Demand on the part of logistics, distribution and e-commerce companies is growing. Cushman & Wakefield has analysed the trends in the industrial property sector in five Central European countries (Czech Republic, Hungary, Poland, Romania and Slovakia) in 2021.

As a result of the war in Ukraine, almost all companies are dealing with completely new situations and facing unexpected problems. The experts of the first panel of Bratislava Property Forum 2022 discussed how investment strategies have to adapt to the new situation.

The end of April marks one year since the announcement of the acquisition of the Aupark Bratislava shopping centre.  The actual change in the shareholder structure took place on 27 May 2021, after the financial and investment group Wood & Company bought a stake in Aupark from Unibail-Rodamco-Westfield (URW). The acquisition, worth a total of €450 million, has been hailed as the largest real estate transaction in Slovakia's history up to this date. The real estate fund AUP Bratislava, which was established in connection with the transaction, announced the amount of revenues for the year 2021.

PINK has published figures on the office market in Warsaw for Q1 2022. The data is sourced from advisory companies from the commercial real estate sector (BNP Paribas Real Estate, CBRE, Colliers, Cushman&Wakefield, JLL, Knight Frank, Newmark Polska, Savills) and includes information on modern office stock, new completions, take-up volumes and vacancy rates.

Once again, in Q4 2021, the Czech Republic registered the strongest house price growth within the EU, both in a year-on-year (25.8%) and a quarter-on-quarter (5.7%) comparison, well above the EU averages of 10% and 2.1%, respectively, according to Eurostat’s house price index.

​Given that the global tech giants are primarily headquartered outside Europe, analysing the recent trends in Foreign Direct Investment (FDI) can help to identify which locations are proving attractive for data centre operations. Cushman & Wakefield’s latest findings confirm that the largest investment activity continues in mature tech and financial hubs in Western Europe. A key driver for activity in this group of locations is the proximity to the high economic activity of these increasingly digitised markets, writes Dimitris Vlachopoulos, Partner, Head of Portfolio & Location Strategy, EMEA for Cushman & Wakefield.

Europe’s fundamental mismatch between voracious housing demand and the limited supply is driving massive investment growth in the residential sector and will continue to generate opportunities even amid geopolitical and economic uncertainties, according to a new report by Colliers.

The impact assessment of the 2022 Russian invasion of Ukraine on the Slovenian construction market must take into account the current volatile situation associated with the pandemic. Even before the war in Ukraine started, building material manufacturers reduced their capacity, either due to logistics problems resulting from the global closure of countries or due to declining demand. As the last wave of the pandemic ended, supply failed to keep up with increased demand and construction material prices began to rise, writes Dr Aleš Pustovrh (Bogatin d.o.o.) for EECFA Slovenia.

People have started to return to their usual shopping destinations. That is reflected in the positive business development of SES Spar European Shopping Centers during the second year of the pandemic. Compared to 2020, significant growth was recorded in retail partner sales, visitor footfall and average spend per purchase. This positive upward trend was recorded by SES in all countries in which it operates centres. Despite the pandemic, in 2021, a total of €22 million was invested in maintenance and sustainable measures relating to the operation of the centres, as well as in project development.

In 2021, GTC recorded an adjusted EBITDA of €113 million (€105 million in 2020) with the net profit amounting to €43 million in 2021 (€71 million loss in 2020). This mainly resulted from a strong operating performance combined with lower loss from revaluation/impairment of assets by €130 million, partially offset by an increase in finance cost by €8 million and recognition of tax expenses of €14 million.