ARTICLES LABELLED WITH TAG Cushman&Wakefield

The rate of shopping centre development in Europe is slowing, with completions down 23% year-on-year at 3.8 million sqm 2017, according to Cushman & Wakefield’s latest European Shopping Centres report.

More than 180,000 sqm of retail space was added to the Polish retail market in H1 2018 and another 330,000 sqm is expected to be completed by year-end 2018. This will represent an increase of over 25% year-on-year, bringing Poland’s total retail stock to more than 14,800,000 sqm. The new supply will be concentrated in cities with fewer than 100,000 inhabitants, accounting for 40% of this year’s openings. Cushman & Wakefield has published another edition of its MarketBeat report.

The overall European logistics yield dropped 14bps to 5.95% in Q2 2018, the first time it has fallen below 6% since Cushman & Wakefield began consistently tracking the three main property sectors in 1992, according to the firm’s DNA of Real Estate report.

Poland’s first office leasing transaction based on blockchain technology has taken place on the ShareSpace platform in August 2018. The tenant was Ricoh Poland, a company providing office solutions.

Amundi Czech Republic has completed the acquisition of the company holding the property Polygon office building at Pankrác in Prague for its KB realitní fond 2. The property was sold by Mint Investments. Cushman & Wakefield facilitated the transaction.

The local industrial and logistics stock exceeded the 3 million sqm threshold, reaching 3.12 million sqm at the end of H1 2018, according to Romania's Industrial & Logistics Market H1 2018 report by Cushman & Wakefield Echinox. Almost 90% of the current stock is concentrated in Bucharest and in five other cities - Timisoara, Cluj-Napoca, Ploiesti, Brasov and Pitesti.

Investment volume on the Romanian market in the first half of 2018 amounted to approximately €386 million, down 27% from the same period of the previous year, when the investment market reached a value of €530 million, according to Cushman & Wakefield Echinox calculations and estimates. This decline comes amid a substantial number of transactions that had not been fully completed by June 30, while their eventual closure in the second half of the year will push the market to a level of transactions comparable to that achieved in 2017, of almost €1 billion.

S + B Gruppe AG has acquired the Jabłonowski Palace historic office complex in Central Warsaw from Commerz Real. The property offers 17,000 sqm of leasable space and 170 parking spaces.

Cushman & Wakefield has published a summary of the first half of 2018 on the Warsaw office market in its latest MarketBeat report. Effects of the existing supply gap are likely to carry into 2020 when large-scale office projects providing a cumulative annual supply of 430,000 sqm will be delivered. As a result, tenants are increasingly opting for pre-lets to secure prime office locations.

Retail deliveries in Romania will return to a positive trend in the second half of 2018, when at least 90,000 square meters will be delivered in four cities, with no openings scheduled for Bucharest, according to Cushman & Wakefield Echinox.