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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

POLAND The man behind the year's biggest deal

schedule 24 January 2025
Nathan North
deputy editor

Eastnine entered the Polish market in 2022 with the purchase of Nowy Rynek D in Poznań. And building E was added to its portfolio early last year. But at the end of the year, the Swedish investor pulled off a major coup with the biggest office acquisition of 2024 when it added Warsaw Unit to its portfolio. So, we spoke to Kestutis Sasnauskas, the CEO of Eastnine, to find out more about this spectacular transaction and the company’s future plans

Office & mixed-use development

Germany CMS law firm stays with Patrizia

schedule 24 January 2025
Opr./edited by ANZ

Law firm CMS has renewed its lease for 10 years for 10,200 sqm of office space at MainTor Panorama building in Frankfurt.

Investment & finance

Poland Martley Capital completes the sale of two warehouse assets

schedule 24 January 2025
Opr./edited by ANZ

Martley Capital has completed the sale of two Polish warehouse assets from their Polish value add fund, known as POLAF. The assets are located in Długołęka and in Oleśnica, both in the Wroclaw Industrial Hub.

Retail & leisure

Poland New retail supply hits its highest in almost a decade

schedule 24 January 2025
Opr./edited by ANZ

Cushman &Wakefield has summarised the situation on the Polish retail market. Over half a mln sqm of new retail space came on stream last year, marking the highest new supply level in Poland since 2015. This robust development activity occurred amid rising demand from new retailers and improving consumer sentiment which boosted retail sales.

Investment & finance

Europe How W.P. Carey proposes to unlock capital

schedule 24 January 2025
Alex Hayes
journalist

We talk with W. P. Carey, the US-based sale and leaseback specialist and Christopher Mertlitz, the company’s Head of European Investments, explains the company’s strategy in Poland and why he believes ample opportunities for this kind of financing still exist.

Warehouse & industrial

Romania BTS for Rossmann is ready

schedule 24 January 2025
Opr./edited by ANZ

Panattoni has completed the construction of a new logistics centre for Rossmann in Üllő. The area of the facility is 28,000 sqm.

Residential

Poland Investors see the potential in students

schedule 24 January 2025
Opr./edited by ANZ

Only 11 pct of students in Poland can be accommodated in student houses, both public and private. PRS At a Glance: Institutional Rental Market Poland. Student Housing 2024, a report by BNP Paribas Real Estate Poland, indicates that investor interest in the PBSA segment will grow in the coming years.

Office & mixed-use development

Poland The Warsaw Court of Appeal chooses Wola Center

schedule 24 January 2025
Opr./edited by ANZ

The occupancy level of Wola Center has reached 90 per cent. The latest contract for the lease of 2,000 sqm was concluded by Hines with the Warsaw Court of Appeal. In addition to office space, the long-term contract includes parking spaces. 

Investment & finance

Hungary Transforming offices into hospitality

schedule 23 January 2025
Opr./edited by JC

Forestay Group, in strategic partnership with Recorde Asset Management, announced the acquisition of Váci Utca 81, a 10,200 sqm office building situated in Budapest.

Investment & finance

Romania The Chinese buy Rus Savitar factory

schedule 23 January 2025
Opr./edited by ANZ

Rus Savitar, a furniture and chipboard manufacturer in Romania, has sold its factory in Dudeștii Noi, Timiș County, to UE Furniture, a global producer of chairs, armchairs, and sofas.  The transaction encompasses a total area of 120,000 sqm of land and 60,000 sqm of buildings.

Eurobuild CEE

Poland Eurobuild CEE for January and February!

schedule 22 January 2025
Eurobuild CEE

The latest, optimistic issue of Eurobuild CEE is now available! Make sure you don't miss it! 

Investment & finance

Czech Republic Max has bought from Anatol

schedule 22 January 2025
Opr./edited by JC

The Myslbek office and retail complex on Prague’s centrally located Na Příkopě street has been purchased by Max Realitní Fund. The property was acquired from Anatol Invest Holding.

Warehouse & industrial

Poland Valmet Automotive's factory in Żary is growing

schedule 22 January 2025
Opr./edited by ANZ

Panattoni and Valmet Automotive, a supplier to the automotive industry, have officially inaugurated the expansion of the factory in Żary. On 21 January, the foundation stone was laid for the construction of an 8,800 sqm BTS facility.

Warehouse & industrial

Poland TVH leases a warehouse in Silesia

schedule 22 January 2025
Opr./edited by JC

TVH, a global supplier of parts and accessories for material handling, industrial, construction and agricultural machines, has leased nearly 17,000 sqm of space at Prologis Park Ruda Śląska.

Office & mixed-use development

Germany Timber Factory is set for construction

schedule 22 January 2025
Opr./edited by JC

Timber Factory – the building complex by UBM Development and ARE Austrian Real Estate – will be Munich’s first commercial campus in a timber hybrid design, with approx. 59,500 sqm of GFA. Building is scheduled to begin in the Q3 of 2025.

Office & mixed-use development

Poland The law firm SPCG has chosen Infinity

schedule 22 January 2025
Opr./edited by ANZ

The law firm of attorneys and legal advisers Studnicki, Płeszka, Ćwiąkalski, Górski has joined the group of tenants in Wrocław's Infinity office building. The firm has leased over 350 sqm of space. The opening of the new branch of the SPCG law firm is scheduled for August 2025.

Investment & finance

Germany Invesco has bought a brownfield

schedule 22 January 2025
Opr./edited by JC

Invesco Real Estate has acquired a post-industrial site in Bruchsal for Invesco Real Estate Europe Fund III. The 80,000 sqm site will be revitalised in cooperation with Propel Industrial.

Warehouse & industrial

Poland Four new tenants at MDC²

schedule 22 January 2025
Opr./edited by ANZ

MDC², which is developing the MDC² Park Kraków South warehouse complex in Skawina near Kraków with investor Generali Real Estate, has signed four leases for a total of nearly 16,000 sqm. The companies have taken warehouse and office space.

Office & mixed-use development

Poland Atlas Ward is responsible for the redevelopment of V Tower

schedule 21 January 2025
Opr./edited by ANZ

Atlas Ward appointed as general contractor for the redevelopment of V Tower. The green modernization of the office building at ul. Chmielna in Warsaw has entered its decisive phase. The work began in January and is scheduled to be completed by the end of August.  

Warehouse & industrial

Poland InterPadel is the first tenant at MLP Business Park Poznań

schedule 21 January 2025
Opr./edited by ANZ

MLP Group has signed a lease agreement with a company operating a network of padel centers  in Poland. InterPadel will occupy approx. 2,800 sqm of space at MLP Business Park Poznań. The facility is scheduled for handover in December 2025. 

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 1 (295) January 2025

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