ARTICLES LABELLED WITH TAG construction

31
Mar
2017

Hungarian developers to face delays and lower profit margins

by Ákos Budai

The current forecast for total construction volumes in Hungary shows increases of 8% and 12% for 2017 and 2018, respectively. The barriers for the realization of the developments are the rise of construction costs and the lack of skilled labour force. CBRE expects that these issues raise risks of delivery delays and decrease of developers’ profit margins.

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Latest news

New leases

Mömax, a furniture retailer that is part of the Austrian chain XXXLutz, will open a store of approximately 5,000 sqm within Bucharest-based Vitantis Shopping Center, owned by Omer Susli.
Fitness Academy will join the group of tenants in Wrocław's Swobodna Spot office building. The chain will occupy 1,500 sqm of space on the first floor of the building.
Fabryka Formy has leased approximately 1,000 sqm in KTW II office building in Katowice. The leasing process was supported by Colliers.

New appointments

Tomasz Chojnacki has taken up the position of Deputy Head of the Office Department of CBRE Poland. In his new role, he is responsible for the management and development of the office sector and the development of a coherent business plan for all services for clients in this market segment.
Mantor E2K, a company specialized in industrial and logistics constructions, has appointed Radu Vlad as its Business Development Manager. He brings over 20 years of experience in industrial and real estate project development to the role, having coordinated projects with a combined value exceeding €180 million.
At the beginning of February, Michał Chodecki became the head of the Warehouse & Logistics department of Savills Poland. The new director is responsible for the strategy and direction-setting of this business line and building relationships with key clients.

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