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,
Already have an account? Log in
80% of content remaining
Unlock full access to the article
PLN
EUR
Lifetime access to current material
One-time payment, lifetime access.
Choose
Access includes
  • Lifetime access to current material
Most popular
EurobuildCEE magazine & online subscription
Access to all EurobuildCEE materials
Monthly
Annually
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
  • Access to EurobuildCEE magazine edition online & flipbook version
  • Exclusive news, comments, articles and interviews with the most important market representatives and experts
  • Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
  • Eurojobs
  • Eurobuild FM

Latest news

Investment & finance

Poland Shopper Park Plus to enter Poland

schedule 05 November 2025
Opr./edited by AH

Hungarian retail park operator Shopper Park Plus has officially announced it is to buy eight centres in Poland for around EUR 195 mln.

Material partner

Poland Peakside Capital is building the future of sustainable logistics

schedule 01 October 2025

With a proven track record across Poland, Central and Eastern Europe and Germany, Peakside Capital is emerging as one of the most influential players in the logistics real estate sector. The company combines an integrated one-stop-shop model with strong global partnerships, complementary logistics platforms and a deep commitment to sustainability.

Retail & leisure

World Retail continues to grow

schedule 05 November 2025
Opr./edited by AH

Despite ongoing geopolitical tensions and economic uncertainty, long-term retail growth is being fueled by urbanisation, tourism, and rapid technology adoption, states Colliers in its latest 'Global Retail: 2025 Trends & 2026 Outlook Report'.

Investment & finance

Poland/Hungary Two transactions by Prime Holdings

schedule 04 November 2025
Opr./edited by AH

Prime Holdings Group has sold its Łódź 1 project in Poland as well as the Science Park office complex in Budapest, Hungary. Together, the two transactions total more than EUR 60 mln.

Investment & finance

Romania Domestic investors now dominate in Romania

schedule 04 November 2025
Opr./edited by AH

Domestic investors predominate in the commercial real estate market in Romania over the year so far, according to the latest report by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

Office & mixed-use development

Poland Aon stays for longer

schedule 04 November 2025
Opr./edited by AH

Aon has extended its lease agreement for office space in Warsaw's Skyliner for another five years. The company first moved into the building owned by Karimpol Polska at the end of 2022 with a lease of 1,500 sqm.

Residential

Poland Student Depot extended in Poznań

schedule 03 November 2025
Opr./edited by AH

Kajima Properties Europe has completed the extension of Student Depot Poznań, adding over 400 new beds to its portfolio.  The project, which was delivered through Kajima’s Student Depot subsidiary, opened ahead of schedule and under budget. 

Hotels

Croatia Novotel comes to Croatia

schedule 03 November 2025
Opr./edited by AH

Accor's Novotel brand is expanding in Southeastern Europe with the opening of Novotel Zagreb, the brand's first hotel in Croatia.

Warehouse & industrial

Poland Sanmar comes to Łódź

schedule 03 November 2025
Opr./edited by AH

Sanmar has leased nearly 5,500 sqm of warehouse and office space in Panattoni's Logistics Łódź VI development.

Warehouse & industrial

Poland Two centres purchased by Hillwood

schedule 03 November 2025
Opr./edited by AH

Hillwood Polska has purchased Industrial Park Bieruń and Industrial Park Tychy from Deka Immobilien for around EUR100 mln.

Office & mixed-use development

Poland Office investment set to reach 1.4 bln

schedule 31 October 2025
Opr./edited by AH

Investment in the office market is accelerating with EUR 474 mln in deals signed over Q3, according to the latest figures from Cushman & Wakefield. The total volume is projected to reach as much as EUR 1.4 billion by the end of the year.

Retail & leisure

Poland Another Smart Park to come to Wrocław

schedule 31 October 2025
Opr./edited by AH

RGL, the developer behind the Smart Park brand, has started work on another centre. Its latest retail park will be in Wrocław on ul. Kamiennogórska in the city's Złotniki district.

Office & mixed-use development

Poland Warta chooses Grundmanna Office Park

schedule 31 October 2025
Opr./edited by AH

Cavatina Holding has signed a lease with insurance company Warta for nearly 8,600 sqm in the Grundmanna Office Park complex in Katowice.

Office & mixed-use development

Poland Supply gap grows larger

schedule 30 October 2025
Opr./edited by AH

In Q3 2025, the Warsaw office market saw stable tenant activity with new contracts, including pre-leases, making up a growing proportion of the take-up, states Newmark Polska in its 'Office Occupier – Office Market in Warsaw' report. The limited supply of new space has led to the vacancy rate falling to below 10 pct.

Retail & leisure

Romania Explosive growth of retail space in Romania

schedule 29 October 2025
Opr./edited by AH

Cushman & Wakefield Echinox predicts that 2025 will be the second most active year of the past decade for new retail space delivery in its latest 'Romania Retail Marketbeat Q3 2025' report. After the first nine months of the year, new supply was greater than the entire supply of 2024.

Investment & finance

POLAND Libero sold in biggest deal of the year!

schedule 29 October 2025
Opr./edited by NN

Echo Investment has finalised the EUR 103 mln sale of the Libero Katowice shopping centre in Katowice to Estonian real estate investor Summus Capital. This is the largest acquisition of a single retail asset in Poland in 2025.

Investment & finance

Poland LCP buys park in Strzyżów

schedule 29 October 2025
Opr./edited by AH

LCP Poland, part of M Core, has purchased a retail park on ul. Jana III Sobieskiego in Strzyżów from PKB Inwest Budowa. The centre has ​​over 5,700 sqm and is fully leased with 14 tenants.

Warehouse & industrial

Poland Jet teams up with Panattoni in Rzeszów

schedule 29 October 2025
Opr./edited by AH

Jet Industrial Lease, a real estate fund owned by the Czech investment firm Jet Investment, has begun construction on a modern industrial complex in Rzeszów. The new 42,000 sqm centre will be built on a 13 ha site and is to be certified under BREEAM New Construction for a rating of Excellent.

Warehouse & industrial

Poland LCube Rzeszów Airport now fully leased

schedule 29 October 2025
Opr./edited by AH

LCube has completed the commercialisation of the LCube Rzeszów Airport warehouse park with the signing of a final agreement for 8,600 sqm. Now the space is fully leased.

ESG

Poland Logicor opens Serenity Park in Mysłowice

schedule 28 October 2025
Opr./edited by AH

Logicor has officially opened the first public park in the grounds of a logistics centre in Poland. Logicor’s Serenity Park in Mysłowice comprises 4 ha of green space designed to further ecology, education, and recreation.

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.

Read flipbook version

Edition 10 (302) October 2025

Latest comments

Categories

Your order
Your data
Number of access accounts
Each account provides independent access on one device. You will be able to create additional access accounts in the account settings.
Invoicing data
Order summary
Net price
Access accounts #
Net order
VAT (%)
Gross order
Payment security is ensured

Don`t miss out the current edition