PL

Landlords underwhelmed by emergency relief

Coronavirus
CEE REGION Preliminary CEE investment volumes for Q1 2020 amounted to app. EUR 3.7 bln, despite the onset of Covid-19 in the region in early March – according to Colliers International’s latest research report.

This volume was significantly boosted by the app. EUR 1.3 bln acquisition of the Residomo portfolio in the Czech Republic by Heimstaden, but the turnover was still 68 pct higher than the figure for Q1 2019 (EUR 2.2 bln) and 28 pct more than Q1 2018 (EUR 2.9 bln).

Poland took the lion share of the Q1 volume (48 pct), followed by the Czech Republic (39 pct), Slovakia (5 pct), Romania (4 pct), Hungary (2 pct) and Bulgaria (2 pct).

Kevin Turpin, the research director for the CEE region at Colliers International, has commented: “Due to the various measures imposed to keep people safe and prevent the spread of the virus, including flights and border restrictions, we expect that the volumes in Q2 and Q3 will be significantly impacted as all parties involved in transaction processes are largely unable to meet or visit properties.”

According to the report, many property owners and managers are now assessing and managing any potential risks to their assets – and with only the possibility of short term tax relief, many might feel left out by government measures more focused on maintaining salaries and supporting businesses.

The initial results from an ongoing survey by Colliers reveals that investor appetite remains strong, while the volume of capital ready for deployment is also still there and could possibly even increase; but many investors are putting off decisions until the situation becomes clearer, particularly related to financing, pricing and the ability to physically view potential purchases.






Latest news

Warehouse & industrial

Romania LPP signs deal for new e-commerce facility

schedule 23 July 2024
Opr./edited by ANZ

LPP, a fashion retailer, is moving into a new e-commerce facility at CTPark Bucharest West. Together with CTP, the fashion brand is extending its current building to support the delivery of the new facility. This will take LPP’s total footprint at the park to around 90,000 sqm with the new facility comprising around 40,000 sqm.

Material partner

Croatia Exclusive Auction: Unique Investment Opportunity in Istria

schedule 12 June 2024
Eurobuild CEE

Colliers, in partnership with Illyrian Land Funds, is announcing an exclusive auction for a prime development land site in Istria, Croatia. This property, covering 1,603,903 sqm, is ideal for a mixed-use resort development near Vodnjan, a charming town in Istria, Croatia's top tourist region. The site is just a 15-minute drive from the seafront

Warehouse & industrial

Germany Flagship project to be implemented in the port of Straubing in Bavaria

schedule 22 July 2024
Opr./edited by ANZ

The project for the building of one of the largest logistics properties in pure timber has started at the port of Straubing-Sand. The new building, which aims to set new standards in sustainable construction, is being developed by Garbe and its joint venture partner Logicenters, Nrep's development and management platform for logistics real estate.

Warehouse & industrial

Poland Panattoni launches construction for E.G.O.

schedule 22 July 2024
Opr./edited by ANZ

Panattoni has begun construction work on a new BTO centre for the E.G.O., a supplier for household manufacturers. The construction of the manufacturing plant is to start in July this year and the completion is scheduled for the fourth quarter of 2025.

Warehouse & industrial

Poland Tuplex joins Multipark Bydgoszcz

schedule 22 July 2024
Opr./edited by ANZ

The company, which operates in the plastics industry, is a new tenant in Multipark Bydgoszcz, where it took 1,450 sqm of warehouse and office space.

Office & mixed-use development

Poland TechnipFMC stays at Podium Park

schedule 22 July 2024
Opr./edited by ANZ

TechnipFMC has renewed its lease for office space at the Podium Park office building in Kraków. As a result of the renegotiated agreement, the tenant will continue to lease almost 7,000 sqm in the Globalworth-managed complex.

Investment & finance

Poland Alma bought by Polish investor

schedule 22 July 2024
Opr./edited by ANZ

The Alma office building, located on ul. Marynarska in Warsaw, has changed hands. The 8,000 sqm building has been sold by the Astrea company. The purchaser is a private Polish investor.

Investment & finance

Poland First mezzanine loan in CE for Invesco Real Estate

schedule 19 July 2024
Opr./edited by ANZ

Europe Fund III SCSp Invesco Real Estate has completed its first mezzanine lending deal in Central Europe on behalf of Invesco Real Estate Europe Fund III – SCSp (Europe III), the third European value-add strategy in succession for the firm.

Investment & finance

Romania WDP's major acquisition

schedule 19 July 2024
Opr./edited by ANZ

WDP has acquired a portfolio in Romania comprising properties with a leasable area of roughly 136,000 sqm and a large plot of land for a future development with a total potential GLA of more than 300,000 sqm. The value of the transaction is app. EUR 110 mln.

Eurobuild CEE

Poland The summer issue of "Eurobuild" has been released!

schedule 19 July 2024
Eurobuild CEE

The summer, July-August issue of "Eurobuild" has already been published - the publication is, as usual, full of interesting articles and expert analyses, and their titles infallibly bring hope to the hearts of the entire industry!

Public buildings

Poland Nova Marina for sailors in Gdynia

schedule 18 July 2024
Opr./edited by ANZ

In Gdynia, in the historic location of the South Pier and by the yacht harbour, Ghelamco, together with the Polish Yachting Association (PZŻ), will build a multifunctional building with a sailing centre.

ESG

Czech Republic BREEAM Outstanding for The Platform

schedule 18 July 2024
Opr./edited by ANZ

AEW has achieved the BREEAM New Construction ‘Outstanding’ rating with a score of 88.1 pct for its recently completed 36,400 sqm brownfield logistics development The Platform in Pilsen, Czech Republic. 

Warehouse & industrial

Romania VGP Park Bucharest North welcomes DHL Express

schedule 18 July 2024
Opr./edited by ANZ

DHL Express will open a new logistics centre in VGP Park Bucharest North, located in the immediate vicinity of Bucharest, in the town of Ștefănești. The new centre, with an area of 4,100 sqm, will be used for sorting and processing the shipments arriving by air.

Warehouse & industrial

Romania CTP completes first phase of CTPark Arad West

schedule 18 July 2024
Opr./edited by ANZ

CTP has delivered 23,000 sqm from CTPark Arad West project, with an additional 20,000 sqm ready for tenant fit-out. The newly completed 12-metre-high space is leased by companies such as Leoni Wiring Systems Arad, Delfingen, HUF Romania and BNB, and provides state-of-the-art facilities for logistics and production activities.

Warehouse & industrial

Poland Work commences at City Point Targówek

schedule 17 July 2024
Opr./edited by ANZ

The joint venture between Partners Group and Peakside Capital Advisors has launched the construction of the C2 facility at City Point Targówek. The light industrial building will offer 25,000 sqm of space with units starting from 1,000 sqm. Depenbrock Poland is the general contractor for the project.

Warehouse & industrial

Germany Garbe leases in Werne

schedule 17 July 2024
Opr./edited by ANZ

Garbe has signed a long-term lease agreement with Lecangs, a company specialising in warehouse logistics, in Werne, North Rhine-Westphalia. New tenant will use around 21,000 sqm of warehouse space and around 1,000 sqm of office and social space in the logistics property for its German subsidiary Flexispot.

Retail & leisure

Poland Polish retail market continues its strong momentum

schedule 16 July 2024
Opr./edited by ANZ

Cushman & Wakefield has summarised the situation on the Polish retail market in Q2 2024. There were eight new retail completions with the development pipeline comprising app. 400,000 sqm. This indicates healthy supply levels amid unwavering occupier demand and strong retail sales, shopping centre footfall and turnover figures.

Investment & finance

Croatia S Immo gradually withdraws from Croatian office market

schedule 16 July 2024
Opr./edited by ANZ

S Immo has completed the sale of the HOTO Business Tower in Zagreb. The office building is located on the south-western edge of the central business district of the Croatian capital and comprises a total leasable area of around 15,500 sqm.

Warehouse & industrial

Poland Fully commercialised in Goleniów

schedule 15 July 2024
Opr./edited by JC

Panattoni has signed a lease contract for over 16,000 sqm in Panattoni Park Goleniów I with logistics operator Fiege. With this deal the entire 60,000 sqm park has been fully commercialised.

Residential

Poland Not only for students

schedule 15 July 2024
Opr./edited by JC

The Collegia Group is launching another investment in the Tricity. A complex that will combine the functions of a student house, hotel and service space will be built at Grunwaldzka Avenue in Gdańsk.

Latest in Coronavirus

schedule 30 March 2021

Vaccination centre provided by Globalworth

The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.

schedule 24 June 2020

Employers in no rush to return to workplaces

Almost three quarters of employers plan to reintroduce their employees to their workplaces in phases rather than all at once, according to CBRE in its global survey on return-to-work strategies after the Covid-19 pandemic.

schedule 14 May 2020

Catella sees hope and chances for real estate after Covid-19

WORLD Real estate could actually benefit from the Covid-19 pandemic in the long run due its perception as a safe haven for investors, according to a report just published on the implications of the epidemic for the market by Swedish property consulting and fund management specialists Catella.

schedule 14 May 2020

Build Europe pushes post-coronavirus action plan

EUROPE Build Europe, an umbrella organisation for EU-based residential developers and constructors, has presented its recommendations for helping the sector in the EU emerge from the post-Covid19 economic crisis.

schedule 14 May 2020

Polish RE lends an even greater hand to fight the pandemic

POLAND More companies have joined # Property4Heroes - the commercial real estate market's initiative to support hospital staff and ambulance crews across Poland. Each day the initiative delivers 1,150 meals to physicians, nurses, paramedics and support personnel.

schedule 07 May 2020

Panattoni to provide PLN 0.5 bln worth of medical supplies

POLAND Warehouse developer Panattoni has allocated PLN 500,000 to buy medical supplies for three Polish hospitals.

schedule 14 April 2020

Landlords underwhelmed by emergency relief

CEE REGION Preliminary CEE investment volumes for Q1 2020 amounted to app. EUR 3.7 bln, despite the onset of Covid-19 in the region in early March – according to Colliers International’s latest research report.

schedule 14 April 2020

Toyota prepares to reopen Polish plants

EUROPE Toyota Motor Corporation has announced the partial resumption of operations in its European manufacturing plants, which have been closed due to the coronavirus epidemic.

schedule 08 April 2020

AFI Braşov now to open in the autumn

ROMANIA AFI Europe Romania has announced that it is rescheduling the opening of its AFI Braşov shopping and entertainment centre due to the pandemic.

schedule 08 April 2020

Aleja opening postponed

SLOVENIA The official opening of the Aleja shopping centre in Ljubljana’s Šiška district has been postponed.

schedule 07 April 2020

BPI opens virtual sales office

POLAND BPI Real Estate Polandis to introduce a virtual sales office for all of its Polish projects.

schedule 07 April 2020

Rent suspension in Sukcesja

POLAND Rent payments have been suspended for all tenants in the Sukcesja shopping centre in Łódź.

schedule 03 April 2020

Retailers join the fight

POLAND The Polish Trade and Distribution Organisation [POHiD], an association of retail chains, are to contribute PLN 15 mln to fight the coronavirus epidemic.

schedule 02 April 2020

Carrefour donates PLN 2 mln to fight pandemic

POLAND The Carrefour Foundation and Carrefour Polska are donating around PLN 2 mln to Polish hospitals for the fight against the coronavirus pandemic.

schedule 01 April 2020

Pay no rent in Sukcesja

POLAND The Sukcesja shopping centre owned by Fabryka Biznesu in Łódź has stopped collecting rents from its tenants.

schedule 31 March 2020

Government takes on board PRCH recommendations

POLAND The range of temporary trading restrictions in Polish retail buildings above 2,000 sqm imposed by the Ministry of Health has been clarified after consultations with the Polish Council of Shopping Centres [PRCH] and the Ministry of Development.

schedule 31 March 2020

Rent holiday for CCC and Ultro tenants

POLAND Dariusz Miłek, the president of footwear and accessories retailer CCC and Ultro Holding, the owner and manager of Cuprum Arena in Lubin and Korona in Kielce, has decided to cancel rent collections from tenants whose outlets have been forced to close during the Covid-19 emergency.

schedule 31 March 2020

Develia fears Covid-19 impact on business

POLAND Wrocław-based developer Develia (formerly LC Corp) has announced that the disruption caused by the pandemic could have a significant and potentially serious impact on the current operations of the company and its groups.

schedule 31 March 2020

Economies rebalance in wake of coronavirus

CEE REGION According to analysis by Colliers International all CEE economies this year are to decline or fall into recession as a result of the coronavirus.

schedule 30 March 2020

Movement and gatherings ban tightened further

POLAND The Polish government has introduced a new directive clarifying the restrictions on movement as part of its measures to combat the Covid-19 pandemic.

Edition 7 (290) July 2024

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