Warsaw’s skyline, which in recent years has become one of the most impressive in Europe, continues to rise. A number of office buildings, with a combined total leasable area of around 760,000 sq metres, are currently under construction in the city, and almost half of them are skyscrapers. Warsaw’s current highest office building, Ghelamco’s Warsaw Spire will be joined by more skyscrapers: Varso Tower, Karimpol’s Skyliner, Golub Gethouse’s Mennica Legacy Tower or Ghelamco’s two other buildings — Warsaw Hub and Spinnaker Tower. Continue reading Warsaw Rising: The Polish Capital’s Skyline Gets Even Taller
A lack of commercial property at acceptable prices is forcing some of the largest Czech investment funds to seek better deals abroad. The leading Czech real estate fund ČS Nemovitostní Fond bought an office building in Warsaw for more than 116 million euros early in August 2017, and in September acquired Galeria Słoneczna, a shopping centre in Radom, for 164 million euros. The ČS Nemovitostní Fond, which is the oldest and largest shared fund in the country, has also been buying up property in neighbouring countries in recent months. Continue reading High Real Estate Prices at Home Force Czech Investors Abroad
The Albanian construction sector is the biggest accelerator of the country’s economy. According to the Bank of Albania, it contributed to economic growth by 1.0 percentage point in Q1 2017. Continue reading Albania’s Construction Sector Supports the Country’s Growth
Half of Polish employers say they already face recruitment challenges which impact their companies’ development, says the latest Work Service report ‘Labour Market Barometer VIII.’ A third of them are struggling with personnel deficiencies, which prevents them from completing new contracts. Every eighth business has been forced to retreat from planned investments because of a shortage of candidates. Continue reading Polish Labour Market Deficits Are Impacting All
Over the past three years, the Romanian economy has recorded some of the fastest growth rates in the European Union, helped by a rapid expansion of consumer spending. Continue reading Romanian Market Moving Towards Rebalancing
The Romanian economy is slowly transforming into a service-oriented one, with IT services registering the highest growth, in all components of the GDP over the last two years and half. This has raised the requirements for quality office accommodation that can support a new generation of white-collar workers. Continue reading Office Real-Estate Is Burgeoning in Romania
Adriana Krnáčová, mayor of Prague, speaks to Emerging Europe about the city’s first visit to MIPIM, as well as about the capital city’s development strategy (together with the cities of Brno and Ostrava).
Katarzyna Gruszecka-Spychała, deputy mayor of Gdynia, speaks to Emerging Europe about investment opportunities for building new developments on the city’s waterfront as well as the other sectors the city wants to promote.
Over 5,000 international investors and 60 institutional investors, representing $600 billion of combined allocation to real estate, are coming to the resort town of Cannes on the French Riviera in search of investment opportunities.
Filippo Rean, director of the Real Estate Division at Reed MIDEM, and the organiser of MIPIM, the world’s largest real estate event, in Cannes, spoke to Jerry Cameron, about the 2017 edition pf the real estate fair and the role Central and Eastern Europe plays at MIPIM. Continue reading An Opportunity for CEE Realtors to Send a Positive Message to Investors
In 2016, the total stock of office space in Kyiv amounted to 1,783 square metres. The new supply was insignificant, a mere 38,000 square metres and was the market’s lowest increase since 2008. 2016 was characterised by an increase in the number of lease transactions in Grade A and B business centres. Continue reading Office Space Remains Available in Kyiv
What should property investors look for in the region’s biggest markets, across emerging Europe? A few days ahead of the world’s leading property market event, MIPIM, we asked experts from large real estate consultancy firms, CBRE, Colliers and JLL, what opportunities they see in the real estate market, in 2017. Continue reading What Looks Good on the CEE Real Estate Market for 2017
“The low quality of office buildings remains the main problem in the Minsk office market, let alone regional cities. Unfortunately, the growth of supply didn’t lead to a growth of quality.”