Sellers' and buyers' price expectations move closer in Poland image
STORY OF THE DAY
Sellers' and buyers' price expectations move closer in Poland

Story of the week

News Sellers' and buyers' price expectations move closer in Poland
26
Apr
2024

Sellers' and buyers' price expectations move closer in Poland

by Forum Property
In 2024, the total investment volume in Poland amounted to €364 million, marking the weakest result for the first quarter in recent years. Interestingly, 25% of the invested capital comes from Polish investors. The warehouse sector remains the leader, accounting for 38% of the total investment volume. Unchanged, the vast majority of office transactions took place in Warsaw, while commercial investments were dominated by retail parks. Additionally, the market also saw two transactions in the residential sector in Warsaw, and two hotels were sold in seaside tourist cities, says Paulina Brzeszkiewicz-Kuczyńska, Research and Data Manager at Avison Young.
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Residential

News Andrei Botiș green buildings investment RoGBC Romania sustainability
29
Apr
2024

Green homes’ value in Romania close to €3 billion

by Forum Property
Over 15,000 homes in Romania have received the green building certification between 2014 and 2024, and their combined value stands close to €3 billion, according to the Romania Green Building Council (RoGBC).
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Prima Development makes large land purchase in Bucharest Slovak developer enters German market Hercesa’s resi pipeline in Bucharest counts 1,000 units

Report

News AI analysis office Poland retail warehouse
26
Apr
2024

Will 4-day workweeks become standard in Polish offices?

by Forum Property
The 4-day workweek is becoming an increasingly hot topic. Although in Poland it still appears to be a thing of the future, recent years have shown how quickly labour market trends are changing. AI is also broadly expected to have a significant effect on the workplace. BNP Paribas Real Estate experts are wondering, how will all of this impact the commercial real estate market.
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Top Czech dealmakers: A healthy market needs a variety of capital sources

Industrial

News Budapest Hungary Industrial logistics
25
Apr
2024

Industrial vacancy up again in Budapest in Q1 2024

by Forum Property
The vacancy rate at the end of Q1 2024 reached 8.9% in Greater Budapest, representing a 0.3 percentage points increase quarter-on-quarter, while an increase of 3 percentage points was registered year-on-year, the Budapest Research Forum reports.
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VGP signs €1 billion deal for 10 parks GLP begins construction of 67,000 sqm warehouse near Wrocław CTP continues Poland expansion with 500,00 sqm land acquisition

Office

News Brno CTP Czech Republic office
25
Apr
2024

CTP to complete Brno brownfield office project this year

by Forum Property
The Vlněna brownfield project in Brno, which was purchased in 2007 by CTP, is now entering its final phase. This year, the developer is planning to complete the first office building in this project.
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Availability of prime offices in central Warsaw shrinks More retail emerge at offices in Warsaw Passerinvest finishes first stage of brownfield development in Prague

Investment

News Bratislava investment retail Slovakia Wood&Co
25
Apr
2024

Bratislava shopping centre earns 24% to its investors

by Forum Property
Real Estate fund AUP Bratislava, whose only asset is the well-known shopping centre Aupark Bratislava, has reported a return of 23.67% in the euro class since its establishment in 2021.
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Lion’s Head enters Bulgaria’s industrial market with €71 million deal Genesis Property buys land in western Bucharest

Hotel

News Bucharest Hotel Ambasador Julius Meinl Living Kinstellar Romania
25
Apr
2024

Kinstellar advises House of Julius Meinl on Hotel Ambasador deal

by Forum Property
Kinstellar has advised the hospitality division of the House of Julius Meinl on the completion of the purchase of the Hotel Ambasador, one of the most famous hotels in Bucharest. Operating continuously since 1937, it is an iconic landmark in the city. 
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Julius Meinl Living buys hotel in Bucharest Crestyl includes hotel in mixed-use Brno development Mitiska REIM sells plot in Silesia to Momentum Leisure

Interview

News CEE Hungary Newmark Poland tourism
23
Apr
2024

Theme parks are the next big business opportunity in CEE

by Forum Property
Tourism and the commercial real estate industry would both benefit from the existence of theme parks in CEE. Demand is real and exists, however, there are several challenges to address for both investors and developers. Property Forum asked Róbert Székely, Senior Hospitality and Leisure Advisor at Newmark VLK Hungary, to give an overview of the potential of such parks in our region.
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One United Properties has its pipeline secured for 10 years down the road Landlords are under pressure from tenants and banks on ESG Romania offers more attractive yields compared to core CEE countries

Career

News Bucharest Oana Rădulea River Development Romania Sema Parc
17
Apr
2024

River Development names new Managing Partner

by Forum Property
Romanian developer River Development has appointed Oana Rădulea as Managing Partner, replacing Liviu Birău. She assumed her new role in January 2024.
Read more >
Colliers announces change in Slovak MD position REICO makes changes in top management

Economy

News Building Act construction Czech Republic economy legislation
13
Feb
2024

With a new building code coming, Czech builders prepare for chaos

by Forum Property
In less than five months, the new building code for common buildings in the Czech Republic is going to enter into force. However, clouds are gathering around it. Builders are afraid of the shortcomings they have encountered recently when familiarizing themselves with the new requirements of the legislation, reports Seznamzpravy.cz.
Read more >
Consolidation package nearly doubles property tax in Czech Republic Slovakia postpones new Construction Act Reconstruction of Prague's Masaryk station to cost €138 million

New leases

  • A Venezia brand shop has reopened in Kraków's Bonarka shopping centre. The store is approximately 160 sqm in size and has been decorated in a new concept.
  • In March 2024, edutainment centre Klockownia signed a lease for a unit in Pasaż Górczewska in Warsaw. Its current format will be extended to include an interactive construction play area spanning as much as 1,100 sqm of attractions for children. The venue is scheduled for opening on 1st of June.
  • WNS Global Services Romania relocated in April its HQ in Bucharest-based One Cotroceni Park. Around 400 employees will be working in the new office.

New appointments

  • Piotr Herian has taken up the position of ISS CFO for Poland and the Baltics. ISS is a leading company in the creation of friendly workplaces and comprehensive facilities management.
  • Paulina Strutyńska has been promoted to the position of Leasing & Asset Director at Skanska’s commercial development business unit. She is now responsible for leasing processes in the Warsaw market as well as Key Customer Management. Agnieszka Krawczyk-Rogowska is responsible for project commercialization and client liaison in Gdańsk, Kraków, and Bucharest, while Marek Stasieńko is responsible for the Wrocław, Poznań, and Łódź markets.
  • The Supervisory Board of Globe Trade Centre S.A. has appointed Balázs Gosztonyi as a member of the Management Board of GTC S.A. Balázs Gosztonyi has held the position of Chief Financial Officer at GTC Hungary since January 2024. He joined GTC Group in September 2023 as Group Controlling Director.

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