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.
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.
Hosted by RICS in Austria, the 6th Annual RICS CEE Event, held at the British Ambassador’s Residence in Vienna, aimed to answer a number of questions related to the future of the profession and presented how RICS, a solution leader in the real estate sector, helps professionals become well-equipped to meet challenges of the 21st century.
Signify is relocating its existing headquarters in Lódź. The new office, located in the city centre in the Hi Piotrkowska complex, has an area of over 2,800 sqm. The tenant was assisted in the signing of the contract and the process of arranging the new office by the consulting firm CBRE.
Magwise Medical Centre is a new tenant of the Wola Retro office building in Warsaw owned by Develia. The clinic, which specialises in mental health, has taken nearly 390 square metres of space on the ground floor of the building.
Logistics company Fiege will lease approximately 5,000 sqm in the ONE industrial park in Lovosice built by Cromwell Property Group. The transaction was arranged by Matěj Indra, head of the industrial department at 108 Agency Czech Republic.
Lucia Niculae has been appointed Business Development Director of Romanian construction company Pedro Construct. She has been an investor since 2018 and currently manages her own property portfolio.
108 Agency promoted Matej Indra to Head of Industrial Agency for the Czech Republic.
Michał Ozimek has joined the Valuation department at Corees Polska - Commercial Real Estate, taking up the position of Senior Valuation & Investment Analyst. Working in the agency's Warsaw branch, he will be responsible for supporting processes related to the development of property valuations.
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.