ARTICLES LABELLED WITH TAG report

In the first half of 2021, tenants leased over 1.1 million sqm of modern office space across the capitals of the 15 CEE countries. The highest level of activity was recorded in Warsaw (249,300 sqm), followed by Prague and Budapest. The Business Services Sector continues to generate a great deal of demand and occupier activity and is one of the largest employment sectors in the region according to the “ExCEEding Borders - Office Markets & Business Services in CEE-15” report just released by Colliers.

As summer has come to an end, employers across the world have to decide where they want their employees to work from going forward. The keyword for the future will be flexibility as large employers around the globe are embracing not only working from home but also multi-location workplace strategies.

‘Big Box’ mainstream logistics assets continue to display strong fundamentals but with pricing pressures driving down yields and new themes emerging, other industrial sub-sectors now offer alternative opportunities to investors, according to a new report by Savills Investment Management.

After a relative stagnation in previous quarters, Q2 2021 saw a considerable expansion in the Activity Start indicator of the EBI Construction Activity Report. It was the first three months of 2018 last that witnessed a higher value of construction works to start in a quarter. In H1 2021, projects entered the construction phase on a total of HUF 1,398 billion, marking a significant increase of 20% and 18%, respectively, against the same period of the previous two years.

At the end of 2020, Porto Montenegro presented to the public its long-awaited project - the concept of an innovative, urban neighbourhood, Boka Place, which features a carefully planned space, with numerous gastronomic, shopping and entertainment facilities and many other benefits that will be available to Porto Montenegro residents as well as all visitors.

A total of 11,304 residential properties were sold in Hungary in August 2021, real estate group Duna House said in its monthly Transaction Estimate. While this is below the monthly average of the February-June period, the January-August total is higher than the 2020 or 2019 figure.

CPI Property Group’s net rental income increased to €175 million in H1 2021 (up 7% versus H1 2020) and its consolidated adjusted EBITDA rose to €172 million (up 5% versus H1 2020). The company published its unaudited financial results for the six-month period ended 30 June 2021.

According to the Czech analyst of Euroconstruct, David Frič, Czech construction certainly did not evade the crisis caused by the Covid-19 pandemic and the industry fell by 3.6% in 2020 and is unlikely to return to pre-pandemic levels in the next two years.

Industrial and logistics developer VGP recorded a net profit of €203.8 million in the first half of 2021. VGP announced its financial and operational results for H1 2021.

Immofinanz generated strong growth in the results of operations and net profit during the first half-year. The expansion of the portfolio through acquisitions in Bucharest and Italy during recent months will be continued. The acquisition and development project pipeline has a volume of more than €1 billion.