Ann Gray FRICS, President of the Royal Institution of Chartered Surveyors (RICS) and President-Elect Tina Paillet FRICS spoke to Property Forum at MIPIM about the recent and upcoming changes in the organization, innovative carbon reduction standards and creating equal opportunities in the property industry.
Real estate valuers must work to the highest standards as they play a critical role in supporting markets by creating consistency and transparency. David Dušek (Czech Banking Association), Barbora Rýdlová (VŠE – Prague University of Economics and Business) and Petr Polák (Ministry of Finance of the Czech Republic) talked to Property Forum about the current state of the valuation profession and the challenges expert valuers face on the Czech market.
A comprehensive outlook on the European property investment landscape as well as the current challenges and opportunities the valuation profession faces were discussed at the latest online event organised by Property Forum and RICS. We summarised the key messages of our two keynote speakers.
Immofinanz expects a substantial improvement in rental income and the results of operations for the first quarter of 2020. The estimated increases range from 13.0% to 15.0% versus Q1 2019.
Property Forum’s next virtual event, CEE Valuation & Investment Forum 2020, will cover the most burning topics of property investment and valuation. Leading international experts will share their own experiences and best practices related to managing the unprecedented market situation that COVID-19 has created.
In 2019, the valuation department of Cushman & Wakefield Echinox evaluated properties with a cumulative value of €4.2 billion, while estimating an increase of 15% of the valuation volume for the upcoming year.
Colliers International Czech Republic announced the appointment of Vendula Marsova, MRICS, as its new Head of Valuation and Advisory Services. Vendula started her position in November 2019 and in her new role, she will focus on driving the continued growth and success of the firm’s valuation division; improving client experience, developing relationships and optimising the CRE valuation service delivery model.
In the past five years, Colliers International has performed valuation for a total of over 500,000 commercial and residential properties worth €40 billion in Romania. The most complex and comprehensive appraising process in Colliers International’s portfolio was for BCR Palace on University Square in Bucharest.
The valuation department of Cushman & Wakefield Echinox has evaluated over 700 properties with a cumulative value of €4 billion in 2018, while estimating an increase of 25% of the valuation volume, potentially reaching the €5 billion threshold during the year.
In recent weeks, three new tenants have joined the ranks of tenants at the RONDO Shopping Centre in Bydgoszcz, Poland. Gudi Home, Pink Box and Piekarnia Grochola Prawdziwy Chleb have signed lease agreements for premises with a total area of nearly 1,700 sqm.
Nearly 700 sqm of Infinity’s office space in Wrocław will be occupied by a team from ingage Poland software company. The new tenant has decided to lease office space located on the fifth floor of the building.
Auchan Romania has leased 2,600 sqm on the ground floor of the second phase of the U•Center office project in Bucharest.
New appointments
Florin Suicescu has been named COO of Forty Management. With over 30 years of management experience, he has held senior positions in real estate and hotel developments.
Daniel Rutkowski joined Walter Herz Investment Advisory Department, currently consisting of six people, and took the position of Development Manager. He will be responsible for searching for and acquiring investment projects, developing investment potential analysis and building the value of real estate.
Dariusz Proniewicz has joined MDC2's team of experts to take on the position of Development Director BTS, with responsibility for the development of BTS investments.
Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Budapest, Bucharest, Bratislava and Prague, amongst other locations.
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