ARTICLES LABELLED WITH TAG report

Wing has published its second ESG report, providing information about its environmental, social, and governance efforts, as well as its goals, the measures it has taken and the results it has achieved in 2022. The report has been prepared in accordance with the company’s first comprehensive ESG strategy, which will be finalised soon.

In the first half of 2023, a total of 24,600 sqm of new office space was delivered to the Brno office market. Ostrava saw the delivery of no new office space, but the one that is under construction should be completed by the end of the year. The vacancy rate in the Brno office market in H1 2023 increased to 14.6% and in the Ostrava office market up to 7.8%, reports the Regional Research Forum (RRF).

Based on the data from the Central Statistical Office of Hungary's (KSH) 2022 census, it seems that an A/C revolution is taking place in the Hungarian residential property market. The figures suggest that there will soon be areas where air cooling will be as much a part of the expected comfort of homes and rental properties as flush toilets and hot water. According to an expert at OTP Real Estate Point, this process was triggered by a particular confluence of circumstances at the beginning of the decade.

A recent increase in supply is providing buyers with a broader selection of opportunities across CEE. Martin Ofner, Head of Market Analysis at Arnold Investments, shared with Property Forum his investment outlook for the CEE region.

Property Forum is proud to be joining the first European World Built Environment Forum as a Media Partner. The event, organised by Property Forum’s long-term partner, the Royal Institution of Chartered Surveyors (RICS), will be held at the Procuratie Vecchie, Venice, a historical landmark in Piazza San Marco, in collaboration with Generali Real Estate.

Immofinanz Group recorded strong growth in both rental income and operating results in the first half of 2023. Rental income rose by nearly 80% year-on-year to €258.9 million and, at €216.8 million, the results of asset management were 97.1% higher than the first half of the previous year. The results of operations and sustainable FFO 1 from the standing investment business more than doubled to €118 million and €140.9 million, respectively.

Property Forum is excited to announce that the first edition of “The 50 most influential people in Poland’s real estate market” will be published on November 14th during our Future of Real Estate 2023 conference in Warsaw, co-organised by RICS.

According to the latest report from Cushman & Wakefield, gross warehouse take-up in Poland stabilized at over 1 million sqm in Q2 2023. Furthermore, at the end of June 2023, there was 2.1 million sqm under construction, with the relatively strong development activity being driven by higher rents encouraging investors to launch new projects. In addition, Poland entered the top three EU markets in terms of warehouse stock, jumping into third spot behind Germany and France.

According to Savills' research, the demand figures for premium office space in the first half of 2023 have started to vary significantly across Europe compared to the five-year average, Luxembourg saw a 137% increase, Oslo a 22% increase and Prague a 13% increase, while Lisbon, Dublin and Budapest saw declines of 62%, 42% and 21%. However, demand is facing a shortage of modern office buildings, especially in well-served locations. Moreover, no developer has started construction of an office building in Prague for more than 12 months. In addition, most of the projects that started with the construction earlier (e.g., Masaryčka) are already significantly occupied. On the contrary, the positive news for those interested in new offices is that up to 195,700 sqm of new office space could be built in Prague by the end of 2025, of which 143,600 sqm is already under construction, says Savills in its analysis. 

CA Immo has reported a solid operating performance record for the first half of 2023. The results for the first six months show, among other things, a significant increase in rental income (+12%) and strong income from the sale of non-strategic properties (sales result of €112 million, FFO II +122%), resulting in a 121% increase in EBITDA. In total, CA Immo generated a consolidated net profit of €13.5 million.