Student housing in CEE: The next big thingA new report by Colliers International and international law firm CMS has revealed that Central and Eastern Europe may be facing a significant shortfall in student housing in the next 10 years. The firms’ third annual joint Real Estate report, ‘Student housing in CEE – the next big thing’ looks at the evolution of the student housing sector in the core CEE-6  countries, and canvasses views from investors on the relevance of CEE student housing as an asset class and their expectations for the future.
Asian investment in CEE – will the sun from the east continue to rise?Money from East Asia burst on to the CEE scene in 2016-17, mainly via large industrial sector portfolio deals. The industrial sector received the majority of 2018’s flow as well, though diversification via larger single asset deals is beginning to occur. Asian investors appear to need liquidity: looking by CEE-6 destination, Poland presently dominates.
Even $2.5 trillion by 2020There is a growing global war chest of capital for real estate, with institutional investors looking to increase their real estate allocations and new sources of capital emerging, according to Colliers International’s latest report. Increasing allocations to real estate from global institutions reached at least $840 billion in 2018, adding to the $370 billion in closed-end funds waiting to be deployed to real estate in 2019. The growing influence of sovereign and family wealth would double this allocation, and this only represents a 10.4% allocation to real estate. As allocations continue to expand alongside levels on wealth, new capital looking at real estate could hit $2.5 trillion by 2020.
Colliers Proptech Accelerator Powered by Techstars Announces Call for 2019 ApplicationsColliers International has opened applications for the 2019 Colliers Proptech Accelerator Powered by Techstars, seeking enterprising proptech companies that will help lead the industry to the future. This program is part of our focus on strategic innovation and the belief that investments in value-added technology and data can enable our professionals to deliver smarter, more personalized services that make a difference for our clients.
Monika Rajska-Wolińska wins the Female Champion of Change titleMonika Rajska-Wolińska, Managing Partner of Colliers International in Poland, has won the 10th edition of Businesswoman of the Year competition in the Female Champion of Change category. The jury awarded the title to Monika for her effective activities in activating women in business as well as for creating long-term mechanisms inside the company aimed at supporting diversity, which may later introduce permanent change and at the same time are the examples of practices worth following.
Investment volumes in the CEE-6 markets hit new heightsThe most important macro indicator for CEE real estate this year is Eurozone interest rates, which we see flat-lining at zero. This should stem some of the potential angst over tightening credit conditions, keep liquidity high, buyers interested and help pricing to plateau. We foresee selective compression in capital city prime office yields. Absent a Eurozone financial crisis, funding from lenders should remain a support reveals Colliers International in its latest CEE report “Outlook 2019: Climbing at the altitude”.
Marcin Lewiński joins Colliers Land DepartmentMarcin Lewiński has joined Colliers International as Associate Director in the Land Department. He will be responsible for the acquisition of new clients and investment land as well as maintaining relations with investors.
Helios enters Galeria OstroviaHelios cinema network, belonging to Agora Group, has leased approximately 1,160 sqm in the shopping centre Galeria Ostrovia, in Ostrow Wielkopolski. In the transaction process the tenant was advised by Colliers International.
Colliers International announced further promotionsFour employees of international advisory company Colliers International will occupy new positions in Real Estate Management Services. Barbara Lis, Karolina Dobrowolska, Agnieszka Cichowlas and Dorota Borkowska have been promoted to Senior Manager positions.
Promotions in Colliers InternationalKatarzyna Chudawska, Łukasz Orzechowski and Wioletta Bodnaruś have been promoted to Associate Director positions in Real Estate Management Services at Colliers International.
Spark C to be managed by ColliersSpark is a complex of three office buildings that offers innovative technologies and unconventional space arrangement. Building C, with app. 13 000 sqm of leasable area and 86 parking spaces, is the first of the three. The developer, general contractor and the main tenant of Spark C is Skanska, while the new owner since December 2018 is German company KGAL Investment Management GmbH & Co.
Polish brands continue entering the Romanian market The Polish sportswear retailer, 50 style, opened its first store in Romania, in Bucharest’s Iris Shopping Center, Titan area, on a surface of 315 sqm. According to experts from Colliers International Romania, which advised 50 style in leasing retail space, the brand’s entry to the local market confirms the attractiveness of the Eastern European region, especially Romania, where consumption has been steadily increasing in recent years.