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

World Panattoni heads to the Middle East

schedule 23 April 2024
Opr./edited by ANZ

Panattoni announces its expansion into the Middle East with the launch of an operation in Saudi Arabia. The company’s initial focus is on three of the largest Saudi Arabian cities: Riyadh, Jeddah and Dammam. The move marks a milestone for Panattoni in its ambition to capitalise on emerging opportunities in key global markets in the Middle East and Asia.

Material partner

Poland Excellent Fern at Off Piotrkowska

schedule 04 April 2024
Eurobuild CEE

Intensive commercialization of the multifunctional Fern building under construction at Off Piotrkowska Center has begun. A modern building, the construction of which will start at the turn of 2024/2025, offers 4,700 sqm of service space and 2,700 sqm of office space.

Office & mixed-use development

Poland Welcome to The Shire

schedule 22 April 2024
Opr./edited by JC

The Shire - Beyond Coworking in the Warsaw Spire C building was opened according to schedule. 40 pct of the 1500 sqm of office space has been leased even before the launch.

Land acquisitions

Poland CTP grows in Poland

schedule 22 April 2024
Opr./edited by JC

CTP has expanded its Polish land bank by nearly half a million sqm. The company has purchased investment land in four locations that provide the opportunity to build approximately 200,000 sqm of leasable space.

Investment & finance

Poland Mount TFI introduces fund of global REITs to WSE

schedule 22 April 2024
Opr./edited by JC

The first fund investing in REITs, Mount Globalnego Rynku Nieruchomości FIZ, made its debut on the Warsaw Stock Exchange.

Warehouse & industrial

Poland Panattoni gets to work in Silesia

schedule 22 April 2024
Opr./edited by JC

Panattoni has begun construction on a new industrial park in Będzin. The first stage of the work, that has already been launched, will comprise a 27,500 sqm building constructed on a speculative basis.

Office & mixed-use development

Poland More companies choose Diuna

schedule 22 April 2024
Opr./edited by JC

Two more companies have become tenants of Diuna, part of the Warsaw portfolio of Syrena Real Estate and PineBridge Benson Elliot. Intrum has leased nearly 370 sqm and Carrier Chłodnictwo took up about 500 sqm in the complex.

Investment & finance

Germany Panattoni Park Voerde changes hands

schedule 19 April 2024
Opr./edited by ANZ

Panattoni has completed a sales transaction in Germany. Clarion Partners Europe has acquired a prime logistics hub for EUR 75 mln near Duisburg.

ESG

Poland Outstanding Kreo

schedule 18 April 2024
Opr./edited by ANZ

Kreo, Ghelamco's Kraków office project, has achieved BREEAM certification at the Outstanding level. The building also has a WELL and Green Building Standard pre-certificate, and is also in the process of Smart Score, Wired Score and "Barrier-free building" certification.

Investment & finance

Romania Flats, offices and hotels on the agenda

schedule 18 April 2024
Opr./edited by ANZ

One United Properties has unveiled its strategy for the coming years. It plans to triple its residential offer by 2030, expand its commercial sector and build hotels in Bucharest in partnership with global brands.

Investment & finance

Poland EUR 1.5 bln on acquisitions in Poland

schedule 18 April 2024
Opr./edited by ANZ

Baltisse and Straco Real Estate acquire majority stake in Speedwell, expanding reach into Romania and entering Polish market. Speedwell wants to spend at least EUR 1.5 bln on acquisitions in Poland in the coming years. 

Land acquisitions

Germany More land for Garbe

schedule 18 April 2024
Opr./edited by JC

Garbe Industrial Real Estate has secured another plot of land in Rüdenhausen, Germany. The Hamburg-based project developer is planning a logistics centre with a total area of around 19,200 sqm on the site.

Warehouse & industrial

Poland The warehouse giant in Targówek has woken up

schedule 17 April 2024
Eurobuild CEE

The JV of Partners Group and Peakside Capital Advisors has completed the construction of the first warehouse facility in City Point Targówek. The 7,000 sqm building fully leased to DPD Polska is the part of a complex which will provide nearly 100,000 sqm space in the biggest park of last-mile logistics in the Warsaw boundaries.

Retail & leisure

Poland Good start for Polish retail

schedule 17 April 2024
Opr./edited by JC

Cushman & Wakefield has summarised the situation on the Polish retail market. The opening of 2024 is encouraging and new retail space supply in the coming months is likely to match or even surpass last year’s total.

Residential

Germany Berlin residential market report 2024

schedule 17 April 2024
Opr./edited by ANZ

According to the Berlin 2024 Residential Market Report by real estate financier Berlin Hyp and real estate service provider CBRE, purchase prices have fallen, while pressure on the rental housing market continues to increase. As a result, rental prices are continuing to rise sharply.

Hotels

Germany IHG doubles in Germany

schedule 17 April 2024
Opr./edited by JC

IHG Hotels & Resorts and Novum Hospitality announced a long-term agreement that will double IHG’s presence in Germany to more than 200 hotels in almost 100 cities through Holiday Inn – the niu brand collaboration and European debuts for IHG’s Garner and Candlewood Suites.

Warehouse & industrial

Poland Hillwood makes its debut near Poznań

schedule 17 April 2024
Opr./edited by ANZ

Hillwood Polska has started its first investment in the Poznań market. As part of the Hillwood Poznań - Czempiń project, the company is building a warehouse complex of nearly 130,000 sqm.

Retail & leisure

Czech Republic Prague’s Černý Most shopping mall will grow

schedule 16 April 2024
Opr./edited by ANZ

Centrum Černý Most, a shopping centre in the Prague region, is set to undergo a significant expansion of 9,100 sqm that will add over 30 new shops and restaurants, as well as additional screens to the centre’s multiplex cinema.

Office & mixed-use development

Poland The Bridge has gained its height

schedule 16 April 2024
Opr./edited by ANZ

The structure of The Bridge skyscraper in Warsaw's Wola district has reached its final height, i.e. 174 m. The builders have just completed the last technical floor. Installation and finishing works inside the facility and the assembly of the facade are in progress.

Retail & leisure

Poland Glinianka changes hands

schedule 16 April 2024
Opr./edited by JC

Redkom Development sold 100 pct of shares in the company holding the Glinianka complex. The retail park, located near Warsaw, has been bought by CEE-Big Europe.

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 4 (287) April 2024

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