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

Office & mixed-use development

Poland Office demand on the rise

schedule 16 May 2025
Opr./edited by AH

In the first quarter of this year, companies leased a total of 25 pct more office space across Poland’s major office markets compared to the same period in 2024, according to figures from Walter Herz.

Warehouse & industrial

Poland Leasing up but developer activity down

schedule 16 May 2025
Opr./edited by AH

In the first quarter, gross take-up for Poland’s industrial market came to 1.1 mln sqm (+16 pct y-o-y), with tenants increasingly opting to renew leases, according to Axi Immo’s ‘Polish Industrial and Logistics Market Q1 2025’ report.

Investment & finance

Hungary IP West sold

schedule 15 May 2025
Opr./edited by AH

CA Immo has completed the sale of the IP West office building in Budapest. CBRE and Cerha Hempel Rechtsanwälte advised on the sale.

Warehouse & industrial

Poland Stokado starts new project in Kraków

schedule 15 May 2025
Opr./edited by AH

Self-storage provider Stokado has begun construction on its second development project in Kraków.

Office & mixed-use development

CEE Region Low CEE office take up

schedule 15 May 2025
Opr./edited by AH

Demand for office space slowed down in Q1 across the CEE region, while less than 30,000 sqm was delivered across the region, according to data from the Cushman & Wakefield Echinox.

Warehouse & industrial

Germany Panattoni to build in Augsburg

schedule 15 May 2025
Opr./edited by AH

Panattoni is to build Panattoni Campus Augsburg, in the city’s Lechhausen industrial district on a 4.6 ha brownfield site, which was formerly a production facility for railway sleepers and a high bay warehouse.

Exclusive
Exclusive

Ukraine Rebuilding through tech – Mike Stenson of Kingspan

schedule 14 May 2025
Nathan North
managing editor

Irish company Kingspan has recently broken ground on a EUR 280 mln business technology campus near Lviv. This was the first major investment announced by a Western company in Ukraine since the outbreak of the war. And so, EurobuildCEE spoke to Mike Stenson, Kingspan's Ukraine project director, about why the company made such a bold decision and why it is so important for the war-torn country.

Investment & finance

Germany Silverton sells twice

schedule 14 May 2025
Opr./edited by JC

Silverton Asset Solutions, in its capacity as asset manager, has sold two properties from a portfolio in North Rhine-Westphalia. The parties have agreed not to disclose the purchase price.

Investment & finance

CEE Commercial Real Estate Rebound Continues

schedule 13 May 2025

Investment volumes rose 143 pct year-over-year, building on a 70 pct increase in 2024, states Colliers in its latest report.

EurobuildCEE

Central & Eastern Europe The May issue of EurobuildCEE is out now!

schedule 13 May 2025
Opr./edited by JC

The latest edition of our magazine reaches readers at a time when there is a palpable sense of uncertainty on the global market. Nevertheless, a steady (though moderate) optimism radiates from every page.

Office & mixed-use development

Poland Memos grows

schedule 13 May 2025

Cowork by Memos, a flexible workspace provider owned by Warimpex, is to increase its coworking space by 1,500 sqm in Kraków and Łódź.

Office & mixed-use development

Poland CTP enters Varso

schedule 13 May 2025
Opr./edited by AH

CTP has joined the tenants of Varso Tower, the EU’s tallest building. In 2026, the industrial developer will take up over 1,100 sqm on the 45th floor of the Warsaw skyscraper.

Warehouse & industrial

Poland Moto-Profi stays with Prologis

schedule 13 May 2025

Vehicle parts distributor Moto-Profil has extended its 60,000 sqm lease with Prologis.

Warehouse & industrial

Poland EDG enters MLP Wrocław

schedule 13 May 2025
Opr./edited by AH

Cosmetics and cleaning product supplier Europe Distribution Group has leased 7,500 sqm of in the MLP Wrocław logistics centre.

Warehouse & industrial

Poland Panattoni builds for Media Expert

schedule 12 May 2025
Opr./edited by AH

Panattoni is to build two BTO warehouses in Łódź for Media Expert with a total area of 207,000 sqm în an investment of PLN 500 million.

Investment & finance

Poland Syrena buys Zaułek Piękna

schedule 12 May 2025
Opr./edited by AH

Syrena Real Estate, a Polish commercial real estate investment company, has acquired the Zaułek Piękna office building în Warsaw. The purchase was co-financed by mBank.

Exclusive
Exclusive

Poland A sudden slump is not on the cards

schedule 12 May 2025
Anna Korólczyk-Lewandowska
Managing Editor

No fireworks and no major changes – that’s how Marcin Malka, the CEO of Real Management, assesses the state of the market in this interview with ‘EurobuildCEE’. He also talks about the company’s plans for the near future, revealing something about its upcoming projects. And he also tells us what he does in his free time.

Office & mixed-use development

Romania Leroy Merlin enters Floreasca Park

schedule 12 May 2025
Opr./edited by AH

DIY retailer Leroy Merlin has leased 4,000 sqm of office space in Floreasca Park in Bucharest.

Office & mixed-use development

Poland Take up rises but no new space

schedule 09 May 2025
Opr./edited by AH

In the first quarter of 2025. In the first three months of 2025, office leasing volumes rose year-on-year by 16 pct in Warsaw and 27 pct across Poland’s regional cities, according to data from Cushman & Wakefield.

Investment & finance

Poland Hillwood gains financing from Bank Pekao

schedule 09 May 2025
Opr./edited by AH

Hillwood Polska has won EUR 17 mln in financing from Bank Pekao for the second stage of the Hillwood Łódź Górna industrial park.

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 5 (298) May 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