ARTICLES LABELLED WITH TAG JLL

Służewiec, a district in Warsaw and one of the largest and most prominent business districts in Poland, currently offers nearly 1.1 million sqm of modern office space. According to recent estimates, there is approx. 87,000 office personnel employed in the area. As the needs of staff and residents of the city change, there is a groundswell of opinion suggesting that this part of Warsaw needs a new strategy and a fresh action plan. What activities would contribute to the improved functioning and more favorable perception of this district as well as maintaining its attractiveness as a key business hub?

Fund management company Redside has closed the largest industrial transaction of 2018 in Slovakia by purchasing Trencin Industrial Park for a sum close to €90 million. With this acquisition, Redside enters the Slovak industrial real estate market.

During 2018 the total commercial real estate investment transaction volume passed the €1.8 billion level in Hungary, marking the third consecutive year of stable and strong investor appetite and the highest annual transaction volume since 200, according to JLL Hungary's latest numbers. Hungarian funds were the most active purchasers with a market share above 50%.

The total value of commercial real estate investment transactions in Poland may exceed €6.3 billion for 2018, the best ever result for the country's market, JLL reports.

According to JLL, the retail stock in Poland has already exceeded 14 million sqm, and in 2018 alone expanded by approximately 417,000 sqm of new space across all formats. The largest openings this year included the Forum Gdańsk (62,000 sqm), Libero in Katowice (45,000 sqm) and Gemini Park in Tychy (36,600 sqm)

According to research conducted by JLL, the flexible office space sector in Europe has more than doubled since 2014, driven by the development of start-ups, creative industries, and small- and medium-sized companies. Furthermore, the combination of high tenant activity with the business plans of the world's largest operators means that the volume of flexible space in most European cities will have likely increased by 20-40% in 2018 alone.

The City of Warsaw and JLL will implement a pilot program aimed at increasing the attractiveness of the Warsaw City Centre in the eyes of potential tenants and customers. The changes will be introduced starting with Marszałkowska and Aleje Jerozolimskie Streets.

Warsaw is experiencing growing demand for offices, absorption of new space, decreasing vacancy rates, and is expected to see rental growth and strong investment volumes. Next year, the city should further cement its dominant position as a thriving business hub and a regional leader in terms of economic growth and office market maturity. These economic fundamentals show no signs of slowing down, according to a report by JLL.

JLL secured the sale of an attractive land plot in Košíře in Prague 5 on Jinonická Street. The seller was Premium Imobilien and the buyer was developer Ideastav. In the future, there will be a residential project offering 28 luxury apartments with 42 parking spaces for sale. The transaction was provided by the SMI (Small and Medium Investment) department under the leadership of Pavol Bak.

JLL has decided to enter the residential market. With the acquisition of REAS, JLL will become the first advisory firm to operate on all segments of the real estate business in Poland. Working within the structures of JLL, REAS will be responsible for developing Living Services in both Poland and Central & Eastern Europe.