ARTICLES LABELLED WITH TAG coronavirus

After a year from the beginning of the pandemic, investors are continuing their strategies adjusted to the new market conditions. Most of them are focusing mainly on safe, predictable investments. This year Avison Young has observed the third-best opening ever with almost €1.3 billion transacted in 31 deals during the first quarter of 2021.

The Q1 2021 results of the RICS Global Commercial Property Monitor indicate a slightly less negative market sentiment across Europe compared to the previous quarter. Rental growth expectations remain negative within the office and retail sectors across all European nations covered, while the outlook for industrial markets has never been more positive.

At the end of Q1 2021, the total modern office stock in Poland's eight major regional markets amounted to 5,826,400 sqm. The largest office markets in Poland (following Warsaw) were Kraków (1,574,000 sqm), Wrocław (1,226,300 sqm) and the Tri-City (913,600 sqm). The Polish Chamber of Commercial Real Estate (PINK) has published figures on the office market in eight major regional markets (Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Lublin, Szczecin) for Q1 2021.

The industrial and logistics sector continues with strong momentum while large scale office transactions have slowed in European investment volumes, as many countries saw overall activity halve in comparison to Q1 2020, notes Colliers. In Poland, liquidity is returning to the office market, which can be confirmed by the number of transactions.

Indoor air and water quality is not something many people give too much attention to when it comes to the office buildings where they work and spend most of their time during the day. At home, they invest in products like air purifiers and water filtration systems; at work, they rely on their employer or building owner and, most of the time, they take what they get without sometimes even considering if it may or may not affect their health, writes Dr. Darren Allen, Director of the Healthy by Design Building Institute, in an opinion piece for Property Forum

Property Forum’s latest online panel aimed to answer some of the many questions around the future of workplaces. Four experts, with the moderation of Csanád Csűrös, CEO of Property Forum, discussed workplace strategies for the post-COVID-19 world and their implications on the real estate industry.

Close to a year into the pandemic, we have reached an inflexion point. COVID-19 has accelerated the world in ways that will undoubtedly alter the course of business for decades to come, transforming conventional notions of where and how we work. While approved vaccines hold the promise of a return to normalcy when the pandemic recedes, exactly what will our world of work look like and how can companies set themselves up for success? New reports from JLL explore the next chapter of the future of work. They demonstrate that companies with the agility to adapt to new and changing conditions across work, the workforce and the workplace will successfully build their competitive advantage in a post-pandemic world.

Companies from the logistics, retail and production sectors agree that the economic environment this year is more challenging than the year before, according to the CBRE Confidence Index. However, industries have different views on the future. Already 9 out of 10 logistics companies believe that their turnover will increase or remain unchanged in the next 12 months. In retail and production, this opinion is shared by 60% of companies. Conversely, when it comes to the conditions of running a business in the coming months, companies in the logistics sector have greater concerns. Only 28% of logistics operators anticipate an improvement, while for companies involved with retail and production, the comparable figure is 36%.

Immofinanz recorded an increase in rental income and results of property sales in 2020 despite the COVID-19 crisis. FFO 1 (before tax and incl. the S Immo dividend) rose by 0.6% year-on-year to €126.1 million, supported by cost savings. Profit before tax equalled €-160.4 million (2019: €350.1 million). After the deduction of €-5.5 million (2019: €-2.5 million) in income taxes, net loss amounted to €-165.9 million (2019: €352.1 million).

The industrial and logistics sector continues with strong momentum while large scale office transactions have slowed in European investment volumes, as many countries saw overall activity halve in comparison to Q1 2020, according to the latest capital markets report by Colliers.