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

Coronavirus
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.
According to Catella's latest 'Market Tracker' report, the short term impact of rent payment defaults are likely to lead to loss of earnings and revaluations across the market. While stressing that nothing can be predicted with any certainly right now, the report points out that the longer the lack of liquidity, interrupted cash flows and the additional costs due to the epidemic continue, the greater the negative effects will be. These include falling rents and increased risk premiums. In turn,
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Latest news

Investment & finance

Germany Ashtrom buys Cologne office property

schedule 21 August 2025
Opr./edited by AH

Sonar Real Estate has sold an office building on Siegburger Strasse in Cologne-Deutz for an undisclosed sum. The buyer is Ashtrom Properties Germany.

Material partner

Poland Atlas Estates secures major loan from Bank Pekao

schedule 20 July 2025
Eurobuild CEE

Atlas Estates is pleased to announce the successful securing of a significant loan facility from Bank Pekao SA, one of Poland’s leading financial institutions. This financing marks a continued vote of confidence in Atlas Estates Group’s business model, strategic direction, and longstanding partnership with Bank Pekao SA.

Office & mixed-use development

Poland Saski Crescent fully leased

schedule 21 August 2025
Opr./edited by AH

Three companies have joined the tenants in Warsaw's Saski Crescent office building, taking up a total of 3,500 sqm. The building is now fully leased.

Warehouse & industrial

Poland ProOptimum comes to MLP Czeladź

schedule 21 August 2025
Opr./edited by AH

ProOptimum, a logistics company that provides goods warehousing and transportation services, has leased a total of over 5,000 sqm in MLP Czeladź.

Office & mixed-use development

Germany First tenant for modernised Prisma

schedule 20 August 2025
Opr./edited by AH

Leading IT consultancy Adesso has leased 6,500 sqm from Sonar in the Prisma office building in Frankfurt. This is the first lease signed since the building’s refurbishment.

Office & mixed-use development

Czech Republic Vacancies in Prague fall

schedule 20 August 2025
Opr./edited by AH

Although the second quarter saw only two completed projects and the vacancy rate for Prague offices continues to fall, construction activity has intensified, according to a new survey by Colliers. A total of four projects were launched, and the total volume of properties under construction reached 212,600 sqm. The total volume of the Prague office space market reached 3.94 mln sqm. However, by 2029, it could grow by up to 600,000 sqm of new space. 

ESG

Poland Logicor creates a public park

schedule 19 August 2025
Opr./edited by AH

Logicor Serenity Park is being created in Mysłowice. The project comprises a 4 ha public park within an industrial complex.

Investment & finance

Germany Sonar Real Estate sells office property in Oldenburg

schedule 19 August 2025
Opr./edited by AH

Sonar Real Estate has sold an office property in Oldenburg on behalf of a pan-European real estate investment manager.

Warehouse & industrial

Poland Warehousing growth continues

schedule 19 August 2025
Opr./edited by AH

In the first half of 2025, Poland’s industrial and logistics real estate market maintained it steady growth according to Axi Immo in its latest report titled: 'Industrial and logistics market in Poland H1 2025'.

Warehouse & industrial

Poland P3 builds for DPD

schedule 19 August 2025
Opr./edited by AH

P3 Logistic Parks has constructed a BTS warehouse in P3 Bydgoszcz Park for logistic operator DPD Poland, which is owned by Geopost, the largest international courier network in Europe.

Office & mixed-use development

Poland Nefryt and Topaz sold

schedule 19 August 2025
Opr./edited by AH

The Nefryt and Topaz buildings on ul. Domaniewska in Warsaw have been sold to Resolution Capital Management and a UK private equity fund. The British fund was supported by Cushman & Wakefield, which also manages the complex, while Colliers advised the seller.

Warehouse & industrial

Czech Republic Tenant market arises

schedule 18 August 2025

Gross realised demand on the industrial market fell 34 pct below the five-year average, reaching only 304,900 sqm. Net demand (excluding renegotiations) fell 40 pct below the long-term average to 169,600 sqm, and the volume of newly completed space also remained below average at 131,600 sqm according to the latest figures from Colliers.

Office & mixed-use development

Poland Newmark enters Katowice

schedule 18 August 2025
Opr./edited by AH

Newmark Polska has opened in Katowice. The company's new regional office is located in the mixed-use Supersam building.

Investment & finance

Croatia CEREF sells two centres

schedule 18 August 2025
Opr./edited by AH

Martley Capital has completed the sale of two warehouse assets in Croatia from their Central European Value Add Fund, known as CEREF.

Office & mixed-use development

Germany Facelift for Arne Jacobsen Haus

schedule 18 August 2025
Opr./edited by AH

The former headquarters of Hamburg’s electricity board is being modernised by Matrix Real Estate with Strabag subsidiary Züblin acting as the general contractor. The building is to become a New Work serviced office building.

Warehouse & industrial

Poland Hillwood Oleśnica fully leased

schedule 18 August 2025
Opr./edited by AH

Flexible packaging material manufacturer Royal Vaassen Flexible Packaging has leased over 13,000 sqm, as well as over 600 sqm of offices, in the Hillwood Oleśnica logistics park. With the signing of the deal, the centre is now fully commercialised.

Residential

Poland Massive PRS portfolio purchase by Vantage

schedule 18 August 2025
Opr./edited by AH

Vantage Development, a Tag Immobilien subsidiary, has acquired 18 Resi4Rent projects with 5,000 PRS units for PLN 2405 mln. The deal is subject to approval from the Polish antitrust authorities.

Warehouse & industrial

Germany Garbe builds from wood

schedule 14 August 2025
Opr./edited by AH

The largest logistics centre to be constructed from timber in Europe is being built at the port of Straubing-Sand in Bavaria. The topping out ceremony was held by joint venture partners Garbe Industrial and Logicenters.

Warehouse & industrial

Poland Inwi to build for media expert

schedule 14 August 2025
Opr./edited by AH

Inwi is developing a BTS warehouse for the Media Expert electronics retail chain. A 14,500 sqm centre is to be built in Długołęka near Wrocław, which is scheduled for completion next year.

Retail & leisure

Poland Retail park to come to Konstantynów Łódzki

schedule 14 August 2025
Opr./edited by AH

PKB Inwest Budowa has received a construction permit to build a retail park in Konstantynów Łódzki, which is to open in Q2 2026.

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.

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Edition 7 (300) July 2025

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