ARTICLES LABELLED WITH TAG CEE

Vlad Stanislav, Managing Director Romania at iO Partners, talked to Property Forum about the company’s expansion in the energy and infrastructure line of services and the higher yield environment in Romania’s property sector compared to other markets in CEE.

CPI Property Group has published its audited financial results for the financial year ended 31 December 2023, confirming a stable market environment with high occupancy figures. On the other side, the figures have shown a considerable net loss of €877 million, driven predominantly by a non-cash negative revaluation result. Property Forum asked CPIPG spokesman Jakub Velen to comment on the figures and provide an outlook for the year ahead.

Noerr and Kinstellar have announced that Noerr’s practices in Budapest, Bratislava, Bucharest and Prague are to be transferred to Kinstellar.

Charles Boudet, CEO of iO Partners, spoke to Property Forum about the ongoing expansion plans of the real estate consultancy in the region and the trend of foreign investors returning to their core markets.

Sustainability will continue its massive growth, as stakeholders demand more action on environmental and social issues, and businesses and governments respond to stricter demands imposed by politics and climate pressures, finds a BuildGreen report.

Cosmin-Savu Cristescu, Managing Director of Romanian developer Redport Capital, spoke with Property Forum about the start of a new mixed-use investment of  €150 million in northern Bucharest and the continuation of the residential growth trend that has been recorded since 2023.

There is still a mismatch between buyers and sellers on property deals in CEE, but the market will attract more investment due to high yields and growth potential in industrial, residential and office, concluded speakers of the 2024 Property Investment Outlook online event organised by Property Forum.

NEPI Rockcastle has a development and refurbishment pipeline of more than €650 million in 2024 across Central and Eastern Europe (CEE), which is the biggest retail investment program in the region.

Industrial developer CTP recorded a 20.1% gain of net rental income to €543.2 million in 2023 compared to the previous year over a combination of indexation and reversion on renegotiations and expiring leases.

In 2023, Central Europe’s commercial real estate market faced a notable decline in investment volumes. Dropping by 55% year on year, the region’s total investment volume accounted for €5.02 billion. Of the six countries surveyed by Cushman & Wakefield, Poland experienced the most significant downturn of 68%, with its share of the total CEE volume also dropping. The highest proportion of the capital went into the office sector, which also recorded the sharpest outward movement in terms of yields. Local and regional investors accounted for two-thirds of the investment transaction volumes, a significant increase from the previous years. Despite challenges, the market demonstrates resilience, particularly in the logistics and residential sectors, spotlighting areas of growth potential.