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Articles

European retail real estate investment volumes reach €6.6bn in Q1 2014

Large transactions in core markets push volumes up 27% from Q1 2013; FY2013 volumes expected to be bettered in 2014 Budapest, 12 May 2014 – JLL reports building momentum for retail real estate investment in Europe, after a solid start to the year, and following on from the strong volumes experienced in the second half of 2013.

IFRS Foundation and IVSC co-ordinate on fair value

The IFRS Foundation and the International Valuation Standards Council (‘IVSC’) yesterday announced a joint statement of protocols for co-operation on International Financial Reporting Standards (‘IFRS’) and International Valuation Standards (‘IVS’). Both the IVSC and the IFRS Foundation have a shared interest in the consistent measurement of fair value for financial reporting. Certain Standards issued by the IASB use fair value as a measurement basis.

CEE Manufacturing Excellence Awards & Strategy Summit

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.

Strong start for European commercial real estate investment market in 2014

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. Hungary is expected to attract EUR 250 million already in H1 2014.

Office development possibilities in Zagreb and Belgrade

Zagreb and Belgrade are generally viewed as offering office development possibilities despite being at different points in the development cycle. Belgrade has close to zero vacancy with limited stock while Zagreb has high vacancy and an “overheated” office market. Development opportunities are anticipated with an economic upturn in the Croatian economy in the next 2-3 years.

EU Commissioner Johannes Hahn opens GREET Vienna 2014

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.

RICS partners in new European project to mainstream green credentials into property valuation

A group of experts in green building, investment and finance and property valuation gathered in Brussels to mark the launch of RenoValue, a new European project aiming to further integrate the energy performance of buildings into the property valuation process.

RECORD TAKE-UP FOR CENTRAL EUROPEAN OFFICE MARKET

Take-up in the CEE region exceeded all previous levels and hit a new record high of 1.4 million sq m office space being transacted in 2013, according to Cushman & Wakefield (C&W) the world largest privately held commercial real estate services firm in their latest Central European office market update. The market report analyses Bratislava, Budapest, Prague and Warsaw where the total combined office stock equates to nearly 12 million sq m, tempered by limited new supply being released in the region (circa 436,000 sq m).