ARTICLES LABELLED WITH TAG report

The first quarter of the year 2020, mostly starting with mid-February, was marked by ominous economic forecasts. Thus, some decline in construction activity was to be expected, and indeed newly started construction projects dropped to just over €1.3 billion in Q1 2020. This amounts to a 14% decrease compared to the equivalent period of 2019, according to the latest edition of the EBI Construction Activity Report for Romania.

Developer NEPI Rockcastle completed the construction of the 39,800 sqm Shopping City Targu Mures project in Romania in Q1 2020. The opening was, however, rescheduled from the end of March to Q3 2020. The company is not launching new constructions until there is further clarity on the impact of COVID-19 on its operations.

According to Cresa Poland, the office market in Poznań is heading towards achieving supply-demand balance. Within one year, office stock in Poznań increased by almost 11% and amounted to over 580,100 sqm by the end of March 2020. The average annual growth rate for this market in the years 2012–2020 was at the level of 11%.

The share of flexible office space take-up across Europe decreased in the first quarter of 2020 to reach 5% from 9.5% at the end of 2019. The sector has expanded exponentially from 2017-2019, and is reaching maturity, as large providers become less expansionary.

According to the latest Cresa Poland report, the first quarter of this year recorded very positive results for the warehouse and industrial market. Total stock at the end of the quarter exceeded 19 million sqm – an increase of 16.2% as compared to the corresponding quarter of 2019.

As COVID-19 restrictions are being gradually lifted, many employers are looking for solutions to enable workers to return safely to offices. However, the social distancing rules that are still in place are giving rise to many questions about protocols that should be introduced in the workplace. Savills has launched a special service and published a free guide titled Return to the Office.

Retailers active in grocery, healthcare, consumer and diversified products will lead a sharp rise in demand for logistics real estate in the next two to three years as industries across the board implement lessons learned from the COVID-19 pandemic and adapt their supply chains to the “new normal”, Prologis predicts in a new research report.

Savills has examined the key trends set to determine future global real estate investment activity in a series of articles and interviews launched today as part of its Impacts research programme, where the international real estate advisor studies the various social, environmental, demographic and technological ‘tipping points’ immediately facing global real estate.      

A comprehensive outlook on the European property investment landscape as well as the current challenges and opportunities the valuation profession faces were discussed at the latest online event organised by Property Forum and RICS. We summarised the key messages of our two keynote speakers.

The National Federation of Hungarian Building Contractors (ÉVOSZ) expects orders that were never placed in the last two months will be arriving in mid-June.