CEE hotel sector continues to boom, with investment levels expected to exceed EUR 800m by year end 2018. This marks a slight decline compared to the last year volumes. The primary reason for that is the lack of prime assets and portfolios on the market that could satisfy investors’ongoing appetite for hotels in the key CEE cities. Institutional and listed investors are becoming more dominant, accounting for 74% of total transaction volume in 2017 and 54% in the first three quarters of 2018. The changing consumer trends and evolution of accommodation concepts over the recent years have resulted in a blurring of lines between traditional hotel classes. These are the findings of the first edition of the joint Cushman & Wakefield – CMS report on the hotel Investment scene in CEE and its underlying investment trends.
Global real estate services firm Cushman & Wakefield has awarded promotions to its seven employees. In the Marketing Department, Eliza Bingül was promoted to Associate Director while Malwina Kierebińska and Monika Żak were promoted to Senior Marketing Specialist. In addition, Katarzyna Bartos and Michał Kuliński became Senior Surveyors in the firm’s Valuation and Advisory Department. In the Asset Services Department, Małgorzata Kita was promoted to Associate, Core Team, in early October, while Magdalena Popiołek is a Senior Portfolio Property Manager.
The third edition of an exceptional event Skyscrapers Night was held on 29 September 2018. It was probably the only such event in the world for photography aficionados, everyone enjoying panoramas from top floors and going to places that are usually inaccessible, and naturally for all lovers of Warsaw. This year, the organizers of the event and its partners, Cushman & Wakefield and the #tag café, granted awards for the best 12 photographs selected from more than 1,400 pictures.
On 7 December, SUSHI ROYAL will officially open its new location at the Złote Tarasy shopping centre in Warsaw. Its mall kiosk will be situated in the dining area on level +2, opposite Samsonite’s store. For the grand opening, the firm has prepared special promotions for the shopping centre’s customers, including product tasting and discounts. SUSHI ROYAL was represented in its lease transaction by global real estate services firm Cushman & Wakefield.
Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, announced its partnership with Plug and Play, a global innovation and startup accelerator platform. Cushman & Wakefield joins as a founding anchor partner for the Plug and Play Real Estate & Construction vertical.
The CEE investment market is still very attractive to institutional investors, a shortage of prime product being the biggest challenge. According to Cushman & Wakefield, commercial real estate in the first three quarters of 2018 the total investment volume in six CEE countries (Poland, the Czech Republic, Slovakia, Hungary, Romania and Russia) reached EUR 8.9bn. Investment activity in Poland exceeded the value recorded for the whole of 2017 and is expected to reach a record high of EUR 6bn by the year’s end. Sustainable and solid performance was recorded in Hungary and Slovakia with volumes hitting those in 2017, whereas Russia, the Czech Republic and Romania are expected to close the year at lower investment volumes, slightly below the 2017 levels.
Clariant, a leading Swiss chemical company, has decided to expand its office at Monopolis in Łódź with an additional 1,000 sq m of space. This brings the total area of the company's new office on the former premises of Monopol Wódczany to almost 5,000 sq m. Clariant will relocate to the complex in 2019. Experts from JLL advised Virako - the investor of the Monopolis complex - on the negotiation process, while the tenant - Clariant - was advised by Cushman & Wakefield.
Since 2016, global real estate services firm Cushman & Wakefield has - in conjunction with CoreNet Global - surveyed global CRE (Corporate Real Estate) executives across a variety of industry sectors focusing on their key office location strategies and decision drivers worldwide. “Our survey results show that after years of cost focus, Corporate Real Estate strategies are increasingly driven by HR issues and challenges. A location now needs to be aligned with all operational and business objectives, support innovation and help a company stand out against competition,” says Magdalena Stańczuk, Workplace Strategy, Cushman & Wakefield.
A fleeting trend or a well-thought-out strategy? Global real estate services firm Cushman & Wakefield presents a report on the use of commercial buildings’ rooftops. “Sky-high premises or interestingly arranged terraces are likely to become cult places and benefit both the entire building and all its tenants. Such space needs, however, to be appropriately designed in order to fully unlock its unique potential. A beautiful view should complement the whole and enhance the distinctive character of the space,” says Małgorzata Dziubińska, Associate Director, Consulting and Research, Cushman & Wakefield.
Global real estate services firm Cushman & Wakefield has represented software house CSHARK, a Wrocław-based IT solutions provider, in its 500 plus sq m office lease transaction at Technological Park Ekoenergia – Woda – Bezpieczeństwo in Katowice. The owner of the complex is Ekoenergia Silesia S.A.