ARTICLES LABELLED WITH TAG report

01
Jun
2021

Hungary’s housing market performs well in May

by Property Forum
A total of 14,193 residential properties were sold in Hungary in May, real estate group Duna House said in its monthly Transaction Estimate. This marks the strongest May in the market for the past couple of years as the figure was 5% higher than in May 2019.
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31
May
2021

Immofinanz records €123.1 million net profit in Q1 2021

by Property Forum
Immofinanz recorded a significant improvement in the results of operations and net profit during the first quarter of 2021, which was still heavily influenced by the COVID-19 crisis.
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31
May
2021

CPIPG records 7% increase in EBITDA in Q1 2021

by Property Forum
CPI Property Group’s net rental income increased by 6% to €88 million in Q1 2021 compared to Q1 2020. Consolidated adjusted EBITDA increased by 7% to €90 million and funds from operations (FFO) increased by 4% to €61 million compared to Q1 2020. The company published its unaudited financial results for the first quarter of 2021.
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31
May
2021

Growth of home prices slows down in Slovakia

by Property Forum
In Q1 2021, home prices in Slovakia increased by only 2% compared to Q1 2020. The prices of new dwellings increased by 2.6% and prices of used dwellings rose by 1.5%, the Statistical Office of the Slovak Republic announced.
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30
May
2021

Poland to register quickest revenue recovery among CEE countries

by Ákos Budai
Commercial property is viewed as having below-average risk levels in most CEE countries. Revenues from different asset classes are expected to recover to pre-COVID levels most rapidly in Poland, according to the RICS Global Commercial Property Monitor for Q1 2021.
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27
May
2021

How long will Budapest’s office market continue to soar?

by Property Forum
Although many projected that office development projects would be cancelled due to the pandemic, that is not what the numbers are showing. Developments are ongoing despite the emergence of working from home and Eston forecasts about 160,000 sqm of offices for rent to be put on the market this year, following 230,000 sqm in 2020. Meanwhile, the pre-lease ratio of buildings under construction is lower than seen in previous years, in line with the current demand trend.
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27
May
2021

Lower house of Czech parliament approves new building law

by Property Forum
The Chamber of Deputies, the lower house of the Parliament of the Czech Republic, has approved an amendment to the building law drafted by Regional Development Minister Klára Dostálová that aims to accelerate approvals on large construction projects. Now the law will be submitted to the Senate for consideration. If approved, it should come into force on July 1, 2023.
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27
May
2021

Globalworth publishes response to takeover offer

by Property Forum
The Independent Committee of the Globalworth Board has published its response circular in connection with the unsolicited cash offer by CPI Property Group S.A. and Aroundtown SA at €7.00 per Globalworth share. The Independent Committee continues to believe that the offer significantly undervalues Globalworth, its assets and its prospects.
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26
May
2021

CA Immo continues portfolio growth in Q1 2021

by Property Forum
Supported by sustained portfolio growth in 2020 and the completion of profitable property sales and project pre-letting in Q1 2021, CA Immo is starting 2021 with a positive first quarterly result. All key financial figures were increased compared to the previous year, and the value of property assets rose to €5.7 billion. A sustainable result (FFO I) of at least €128 million is expected for 2021, and FFO I of at least €140 million for the post-pandemic financial year 2022.
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24
May
2021

Construction volume of Czech industrial market reaches all-time high

by Property Forum
According to Savills, the development pipeline for the Czech industrial market reached the highest level in history in Q1 2021. There were 47 industrial buildings in various stages of construction with a total rentable area of 734,200 sqm across the country. Speculative projects represented 36% of this construction pipeline, which was well below the 10-quarter average of 46%.
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Latest news


New leases

  • Tech start-up A4BEE has leased 600 sqm of office space in Wojdyła Business Park in Wrocław. Cushman & Wakefield advised the owner for this transaction.
  • Colliers branch in Katowice has changed its address. Since September the office is located in the .KTW I building on Roździeńskiego Avenue 1a. Colliers has taken the space on the first floor of the building.
  • Meat2Eat has leased 400 sqm for a new restaurant that it opened on the ground floor of One Tower office building in Bucharest. The transaction was brokered by Cushman & Wakefield Echinox. The building is owned by Romanian developer One United Properties.

New appointments

  • Łukasz Czajkowski joins the team of JLL Poland as Business Services Lead in Tenant Representation Department. He will be responsible for enhancing relations with the BSS sector.
  • Craig Maguire has been appointed Head of Pan-European Logistics for BNP Paribas Real Estate. He will head up the European coordination of the Logistics business (Investment and Rentals/Sales), alongside the local teams of BNP Paribas Real Estate.
  • Victor Cosconel is the new Head of Industrial & Business Development at real estate consultancy Colliers Romania. He has more than 20 years’ worth of experience in sales, business development and general management. Before joining Colliers, he was CEO of Sodexo Bulgaria.


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