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

Retail & leisure

Romania E-commerce as a major driver

schedule 03 April 2025
Opr./edited by ANZ

According to the "Quo Vadis E-commerce" report released by Cushman & Wakefield, the online commerce continues to be a growth driver for the industrial & logistics real estate sector, generating significant opportunities for developers and investors.

Investment & finance

Poland BIG Poland acquires Power Park Olsztyn

schedule 03 April 2025
Opr./edited by ANZ

BIG Poland has announced the acquisition of Power Park Olsztyn, a shopping centre located in the southern part of Olsztyn. This strategic investment reinforces the company’s commitment to expanding its presence in Poland’s retail sector through high-quality assets.

Warehouse & industrial

Germany Panattoni City Dock Hilden now fully leased

schedule 03 April 2025
Opr./edited by AH

All 17 units of Panattoni City Dock Hilden are now fully leased with the signing of two new tenants. The park comprises almost 27,000 sqm.

Hotels

Poland Condo to be built on the Baltic

schedule 03 April 2025
Opr./edited by AH

Peninsula Property has signed a contract with Doraco to build The Elements Resort, a condohotel in Dźwirzyno on the Baltic sea.

Warehouse & industrial

Poland Accolade takes on BTS project

schedule 03 April 2025
Opr./edited by AH

Accolade is to construct a BTS project in Świdnik for an undisclosed Polish courier firm.

Office & mixed-use development

Romania Henkel enters Equilibrium 2

schedule 02 April 2025
Opr./edited by AH

Consumer chemicals producer Henkel is relocating to the second building of the Equilibrium complex, developed by Skanska in Bucharest's Barbu Văcărescu-Floreasca.

Investment & finance

Poland Syrena sells PRS project in Warsaw

schedule 02 April 2025
Opr./edited by ANZ

Syrena Real Estate has sold its first PRS project at ul. Wolska in Warsaw. The new owner is the Belgian company Xior Student Housing NV. The transaction value was EUR 12 mln, making it the second successful sale of a stabilised PRS project in Poland.

Warehouse & industrial

Poland pbb lends EUR 120 mln to EQT Real Estate

schedule 02 April 2025
Opr./edited by AH

Deutsche Pfandbriefbank AG (pbb) has underwritten an investment facility, totalling EUR 120 mln to refinance a logistics portfolio for EQT Real Estate.

Warehouse & industrial

Poland Igepa Polska leases new space at MLP Łódź

schedule 02 April 2025
Opr./edited by ANZ

Igepa, the paper and visual advertising media distributor, is expanding its cooperation with MLP Group. Under the new agreement, the company has leased approx. 7,650 sqm of space at the MLP Łódź logistics centre, which includes modern offices, a showroom, and a terrace. 

Infrastructure

Poland Tunnel to be built under Baltic

schedule 01 April 2025
Opr./edited by AH

The Polish and Danish governments have entered preliminary discussions for the construction of a tunnel between Szczecin and Copenhagen underneath the Baltic sea.

Hotels

Europe Marriott plans to expand Four Points by Flex portfolio

schedule 01 April 2025
Opr./edited by AH

Marriott International has announced plans to double its portfolio of Four Points Flex by Sheraton hotels across Europe by the end of 2026.

Investment & finance

Germany KGAL buys office complex in Munich

schedule 01 April 2025
Opr./edited by ANZ

KGAL has acquired the Streitfeld Lofts office complex with 8,400 sqm of rental space and 54 underground parking spaces for one of its institutional special funds. The seller of the property is one of the BlackRock Real Asset Funds.

Investment & finance

Germany IntercityHotel sold in Berlin

schedule 01 April 2025
Opr./edited by JC

CA Immo has successfully sold the IntercityHotel Berlin Hauptbahnhof on Washingtonplatz. The property was sold at a premium to the book value.

Warehouse & industrial

Poland Global fashion giant chooses Lower Silesia

schedule 01 April 2025
Opr./edited by ANZ

Panattoni has secured a new tenant to its Lower Silesian investment. A leader in fashion retail has leased 56,000 sqm at Panattoni Park Legnica. 

Investment & finance

Poland Punkt gets some money

schedule 31 March 2025
Opr./edited by JC

Torus has successfully signed a EUR 20 mln facility agreement with PKO Bank Polski, securing financing for its latest office investment, Punkt in Gdańsk.

Events

Poland Back to the Future Conference

schedule 31 March 2025
Opr./edited by ANZ

The Back to the Future conference, organised by Urban Land Institute Polska, will take place on 9-10 April 2025 at the Norblin Factory Event Hall in Warsaw. ‘Eurobuild CEE’ is the media patron of the event.

Hotels

Europe Hotel brand makes further debuts

schedule 28 March 2025
Opr./edited by ANZ

Handwritten Collection announces further expansion in Europe. The chain plans to open more than 10 new hotels in the coming months. The new Handwritten Collection hotels include the first hotel in Croatia in a historic building in Rijeka, a hotel in Debrecen, Hungary, and a hotel in Tirana, Albania.

Warehouse & industrial

Poland Iron Mountain extends lease contract

schedule 28 March 2025
Opr./edited by ANZ

Iron Mountain, a company offering information and document storage services, has extended its lease for almost 31,000 sqm of warehouse space in three buildings at Prologis Park Błonie.

ESG

Poland Nestlé House is Excellent

schedule 28 March 2025
Opr./edited by ANZ

Nestlé House office building, located at ul. Domaniewska, in the business district of Mokotów in Warsaw, has been awarded the prestigious BREEAM In-Use certification at the Excellent level. The property is part of the Hines Poland Sustainable Income Fund  portfolio.

Warehouse & industrial

Germany Panattoni's new tenants in Hamburg

schedule 27 March 2025
Opr./edited by ANZ

Three more companies, Innovaze Media, Thiele & Fendel and Avaso Technology Solutions, have joined the City Dock Hamburg Norderstedt business park on the outskirts of Hamburg.

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 3 (296) March 2025

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