For the first quarter of 2014, results of the RICS Global Commercial Property Monitor shows positive sentiment of investors and occupiers across all sectors although recent economic data records only a fragile improvement of the main economic factors. Capital values are expected to grow, with the industrial sector indicating the highest Net Balance of 40% followed by the office (30%) and retail sectors (20%) respectively.
Commercial property investments increased by 4 percent to €268m in the first quarter of the year, according to the latest report published by DTZ. The full-year investment volume is expected to reach €1bn. Nine transactions closed in Q1: three deals between €20 and €50m, four between €10m and €20m and two between €50m and €100m.
EuropaProperty.com and CEO Manufacturing Magazine are proud to announce the second annual CEE Manufacturing Excellence Awards & Strategy Summit. Our annual industry event covers, supports and recognizes manufacturing success in all sectors of the industry. Building on the success of our inaugural event, the Manufacturing Excellence Awards & Summit is being hosted June 10/11, 2014 once again in the beautiful InterContinental ballroom.
Improved investor confidence and lending conditions, as well as notably increased activity from opportunistic investors in recovering markets, led to a strong start for the European commercial real estate market in 2014, according to the latest research from global property advisor CBRE.
GREET Vienna is the venue for international real estate with a special focus on projects and investments in Central, Eastern and South Eastern Europe, including Russia, Turkey and CIS. GREET Vienna, now in its second round, is fast approaching. The conference will be held at Palais Niederösterreich in downtown Vienna on 19 and 20 May 2014.
Total modern office stock in Prague decreased by the end of the first quarter of 2014 and stood at 2.9 mln sqm with class ‘A’ properties accounting for app. 72 pct of the stock, according to the Prague Research Forum.
Developers have been very active in the Warsaw and Prague office markets in recent years. However, these leading CEE markets are victims of their own success as concerns over vacancy rates are causing developers to re-consider the Budapest and Bucharest office markets.
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