Has the Polish real estate market been hit by the coronavirus pandemic? How will it change over the course of several months? Cushman & Wakefield presented a summary of Q1 2020 on the Polish property market, the impact of the pandemic on each sector and economic forecasts for Poland in its new report.

The immediate impact of COVID-19 pandemic in the real estate market will be felt during the second quarter of the year while on the medium and long term the focus will be on health and safety measures as well as on technology, these are the main takeaways from the Romania Call Flash, organized by CBRE Romania.

Is the lockdown completely rewriting CEE's risk map? How does COVID-19 affect real estate financing? How can I close an ongoing transaction without travelling? These and similar questions were discussed by the experts at Property Forum’s latest online investment panel.

In Q1 2020, approximately 50,000 sqm of modern retail space was delivered to the market in Poland. The construction of four schemes was completed: Galeria Chełm (17,500 sqm), Stop Shop Siedlce (14,100 sqm), Galeria Kupiecka in Otwock (10,000 sqm) and Vendo Park Jawor (6,700 sqm). However, due to the onset of the coronavirus epidemic, the new shopping centres have limited possibilities to serve consumers, in the same as all large retails facilities in Poland.

The latest online panel discussion of Property Forum focused on the effects of the COVID-19 lockdown on the Romanian property industry. The experts discussed, with the moderation of Răzvan Gheorghiu-Testa FRICS, Partner and Co-Head of Real Estate Practice Group at Ţuca Zbârcea & Asociaţii, how governmental measures affect the market and how different asset classes are impacted by the crisis.  

What are the impacts of the coronavirus lockdown on the Polish property market? Our experts discussed, among other things, how government measures may affect the market and how this crisis accelerates the adaptation of technology. We summarize some arguments of the online panel discussion, moderated by Seweryna Afanasjew MRICS, Board Member of RICS World Europe Board.

Appetite for the acquisition of office buildings and industrial parks, less rented offices and shopping centres with postponed openings, this is how this quarter could be described regarding the real estate market in Romania, according to the quarterly report of CBRE.

The first three months of the year were closed with promising figures on the Romanian property market. CBRE published its Q1 2020 overview of the main commercial real estate sectors.

According to a recent report published by Cresa, portfolio transactions are on the rise on the Polish retail market. Two of last year’s three largest commercial real estate transactions were retail portfolio deals: the €600 million acquisition of the shopping centre portfolio from Cromwell Polish Retail Fund by Cromwell Property Group and the disposal of Atrium Koszalin and Atrium Felicity to ECE Group for €298 million.

Furniture retailer Jysk will begin building a new distribution centre in Ecser, Hungary in April. When in operation, the €200 million distribution centre will employ around 300 people and further strengthen the company’s logistics setup in Europe, the company announced.