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News Czech industrial stock under construction hits records
24
Oct
2023

Czech industrial stock under construction hits records

by Property Forum
The modern industrial stock reached almost 11.5 million sqm, as nearly 183,000 sqm of new space was delivered to the Czech market in Q3 2023. Demand for industrial space slowed down in Q3 2023 reaching only 181,700 sqm. Speculative development slightly increased to 41% of the over 1.4 million sqm currently under construction, continuing the trend of the previous three quarters. The vacancy rate decreased by 22 basis points compared to the previous quarter, and remained low at 1.5% Prague’s average highest achievable rent has remained stable, reaching around €7.50-7.70 per sqm per month, the Industrial Research Forum (IRF) reports. 
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News Bratislava's residential market remains stagnant
23
Oct
2023

Bratislava's residential market remains stagnant

by Property Forum
Bratislava's residential new building market continued in stagnation during the period of Q3 2023. Sales remained at the same low level as in the previous two quarters, meaning fewer than 200 apartments were sold. The supply of new apartments increased only slightly, with a similarly slow rise in price to €5,100/sqm incl. VAT. The price increase is due to the arrival of new apartments in the higher housing segment while the average price of existing projects remains unchanged, reported analysts from Bencont Investments.
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News E-commerce not seen as successful business for food retailers
23
Oct
2023

E-commerce not seen as successful business for food retailers

by Property Forum
Most retailers want to attract customers in-store through omnichannel, while e-commerce is not meeting the expectations of food retailers, concluded speakers in the rediscovering retail panel of CEE Property Forum 2023, held in Vienna last month.
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News New retail parks opening in Serbia announced for 2025
20
Oct
2023

New retail parks opening in Serbia announced for 2025

by Property Forum
Investors' interest in the construction of retail parks in Serbia has not been declining for several years now. Investors are mostly focused on building new facilities in secondary and tertiary locations. As much as 14% of the total offer of retail parks in Serbia is located in the region of central Serbia. The Šumadija region is attracting more and more attention, so the company Peštan announced the opening of a new retail park in 2025 - Arandjelovac Retail Park. 
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News Shortage of hands for reconstruction: What’s happening in Ukraine’s construction market?
18
Oct
2023

Shortage of hands for reconstruction: What’s happening in Ukraine’s construction market?

by Property Forum
According to the State Employment Service, as of September 1, 2023, the number of vacancies in the construction industry exceeded the number of registered unemployed. Representatives of the largest developers in the capital speak of a shortage of workers. Olga Solovei summarised what is happening in the labour market in the construction sector of Ukraine in an article prepared by the Ukrainian Real Estate Club for Property Forum.
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News Change of power in Poland puts end to whispers of possible "Polexit"
17
Oct
2023

Change of power in Poland puts end to whispers of possible "Polexit"

by Michał Poręcki
According to the preliminary results of the parliamentary elections held in Poland on Sunday, after 2 terms and 8 years of independent rule, Prawo i Spawiedliwość (Law and Justice) will have to hand over power to the opposition. This is certainly good news for foreign investors, who may have feared worsening chaos in law and taxation and, in the longer term, Poland's potential exit from the structures of the European Union.
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News PRS markets in CEE countries face unfavourable conditions
12
Oct
2023

PRS markets in CEE countries face unfavourable conditions

by Property Forum
The condition of the housing markets in Hungary, the Czech Republic and Slovakia remains good, but high interest rates have reduced the availability of mortgages, which has affected the demand for flats. Poland has broken out of this pattern, where, despite high financing costs, developers are breaking sales records. However, all these countries have one thing in common - the low activity of players in the PRS market, whose offer could be an effective response to the low creditworthiness of buyers. These are just some of the conclusions reached by the participants of the residential panel at CEE Property Forum 2023, which was organised in Vienna in September.
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News RoGBC and ROENEF launch Green Gala Awards 2023 Competition
10
Oct
2023

RoGBC and ROENEF launch Green Gala Awards 2023 Competition

by Property Forum
Romania Green Building Council (RoGBC), together with the Association for Promoting Energy Efficiency in Buildings (ROENEF), have announced the launch of the Green Gala Awards 2023, the event that rewards excellence in the field of sustainability of the built environment. The competition aims to award projects implemented as a result of innovative actions and initiatives that add value to both the community and the environment.
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News Lack of liquidity still blocks major investments in SEE
10
Oct
2023

Lack of liquidity still blocks major investments in SEE

by Property Forum
SEE is still a land of opportunities but things go too slowly. The size of a single country is too small for international institutional investors who prefer to buy large portfolios rather than individual assets. However, sizeable local players were optimistic about the change in foreign investors’ attitudes at the panel devoted to the investment market in this region at CEE Property Forum 2023 in Vienna.
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News The run on hand-picked top properties has already begun
06
Oct
2023

The run on hand-picked top properties has already begun

by Property Forum
“In times of change, Expo Real once again confirms how important personal exchange is for the real estate industry”, says Markus Arnold, CEO and sole owner of Arnold Investments. This is also the reason why the company is on site with an international team from ten countries and an unchanged large exhibition stand.
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Latest news


New leases

  • Two new contracts for the lease of office space in the Bonarka for Business complex in Kraków have been signed. Apollo Investments and SeproTec Multilingual Solutions have leased a total of 825 sqm of space.
  • Tenants of MLP Łódź will soon be joined by Bohnenkamp, a supplier of tyres and wheels. The company will occupy more than 6,000 sqm . The warehouse facility is scheduled for handover in late March this year. Supporting the tenant in the transaction was Axi Immo.
  • Orbis and Accor Services Poland have renewed lease agreements for a total of nearly 2,500 sqm in the Lumen office building in central Warsaw. In both transactions, the tenants were represented by the consulting firm Cushman & Wakefield.

New appointments

  • Aleksander Loster has been appointed as Director in Savills Poland investment team, headed by Mark Richardson since 2023. In his new role, he will be responsible for working with international investment funds during the sale and acquisition of retail, industrial, warehouse and alternative assets.
  • Piotr Wilewski joined Walter Herz Investment Advisory Department as Land Acquisition Manager. He is responsible for acquiring land projects, preparing analyses of investment potential and searching for ways to build real estate value.
  • GTC Group appoints two people to head up its shopping centres in Poland Anna Borecka will take over as director of Galeria Jurajska in Kraków. Meanwhile, Marek Ciszewski will take the helm at Galeria Północna in Warsaw.

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