A Ukrainian investment fund is expanding its retail space portfolio in Poland to €300M. A leader in Polish commercial real estate, the Newgate Investment Fund belongs to the founder of the chain of Comfy stores, Stanislav Ronis. The value of the company’s portfolio is already estim... #Comfy #CommercialRealEstate #investments #NewgateInvestmentFund #Poland #ShoppingCenters
In the business centers of Lviv, rental rates have fallen sharply; in Kyiv, prices are holding. Business centers in Lviv are going through difficult times in the third year of the war, and vacancy rates have increased to 34%. Falling rental demand has led to a 21% drop in prices year-on-year to ... #BusinessCenters #CommercialRealEstate #kyiv #KyivOfficeRental #officeRealEstate #Львів
In Ukraine, visitors to shopping malls are increasing and new facilities are opening. In the first half of the year, the average number of visitors to shopping malls in Ukraine increased by 4% compared to last year. According to UTG, the number of visitors to shopping and entertainment... #CommercialRealEstate #ShoppingMallsUkraine #ShoppingMallTraffic #Uzhhorod
Kyiv commissioned 23,400 sq m of warehouse capacity this year, and another 205,000 sq m will be added. The capital’s warehouse real estate market expanded by 23,400 square meters in January-June 2024 after the launch of the first phase of the Dudarkiv logistics complex, reported CBRE. In the seco... #CommercialRealEstate #DudarkivLogisticsComplex #LogisticsKyiv #WarehouseMarket #WarehousesUkraine
What is happening in the Ukrainian office real estate market in the third year of the war? The market for office space continues to decline, continuing the trend that began after the beginning of the pandemic in 2020. The supply of new locations in the market is growing, and demand is decre... #CommercialRealEstate #KyivOfficeRental #officeRealEstate #RentalRates
Rental activity in the warehouse market increased by 13%. Rental activity in Ukraine’s warehouse real estate market in January-June increased by 13% compared to the same period last year and amounted to about 70,000 square meters, according to CBRE. De... #CommercialRealEstate #ConstructionUkraine #investments #RentalUkraine #WarehouseMarket
Up to 20% of Ukraine’s construction market is comprised of commercial real estate restoration projects, said Andriy Ozeychuk, director of the engineering and construction company, Rauta. “Despite the risks of war, the owners of most of the destroyed commercial properties are investing in their rec... #CommercialRealEstate #ConstructionUkraine #Rauta #UkraineReconstruction
Last year, Ukraine’s construction volume increased by 22.6%. According to 2023’s results, the volume of construction works in Ukraine increased by 22.6% in real terms, according to data from the State Statistics Service. The greatest growth was recorded in infr... #CommercialRealEstate #ConstructionUkraine #HousingConstruction #RealEstateUkraine
Despite the war, Ukraine plans to open six new shopping centers with a total area of more than 180,000 square meters. The Ukraine Shopping Center, with a total area of 20,434 square meters, will open in Uzhgorod in December 2024. At the end of the year, the 5,600-square-meter Rosvygivsky shopping center is also expec... #CommercialRealEstate #Construction #ShoppingCentersUkraine #ShoppingMallsUkraine
The return of foreign brands to Ukraine has provoked an increase in rental rates for retail space by 8-10%. According to CBRE Ukraine, in 2023 four new retailers entered the Kyiv market – the Italian premium clothing brand EA7, American household electronics brand KitchenAid, Polish clothing brand Hal... #CBRE #CommercialRealEstate #RentalUkraine #retailUkraine #ShoppingMallsUkraine
Rents on the warehouse real estate market are becoming more expensive in Ukraine: Rates have increased by 10%, and this trend will continue. Renting commercial warehouses in Ukraine is becoming more costly due to a lack of space. The shortage in the logistics market is because, during the war, the construction of new complexes has stopped,... #CommercialRealEstate #LogisticsHubUkraine #WarehouseMarket #WarehousesKyiv
Analysts predict the creation of a record amount of Ukrainian warehouse space within two years. The warehouse market is experiencing difficult times due to a shortage of facilities. However, the problem could be solved by new projects announced in the next two years, particularly in the Kyiv reg... #CommercialRealEstate #investments #LogisticComplexUkraine #WarehousesKyiv
Business centers are empty in Kyiv: vacancy is over 20%, and rental rates have fallen by 30% and they continue to fall. According to the UTG, the drop in office rental prices was caused by the outflow of tenants. In January 2022, rent for one square meter in class A was $28.1, in class B, $17.9, and in class C – ... #BusinessCenters #CommercialRealEstate #OfficeVacancy #RealEstateUkraine #UTG
Dragon Capital continues its investment in Ukrainian commercial real estate this year. Dragon Capital Property Management invested about $10M in its real estate portfolio in 2023 and plans to do the same in 2024, the company’s top manager, Nataliya Kravets, said. In the fall of 20... #CommercialRealEstate #DragonCapital #investments #InvestmentsinUkraine #NataliyaKravets
Office real estate in Kyiv has a high vacancy rate. According to Colliers Ukraine company, a record number of vacant offices was recorded in Kyiv this year. Before the start of the war, at the end of 2021, the vacancy was almost 12%, at the end of 2022... #CommercialRealEstate #KyivOfficeRental #officeRealEstate #OfficeVacancy
Kyiv’s commercial real estate vacancy will increase. At the Ukrainian population’s current income and spending levels, the vacancy rate in Kyiv’s shopping malls may reach 17% by the end of 2024, UTG reported. It is noted that the vacancy rat... #CommercialRealEstate #KyivRealEstate #ShoppingCentersUkraine
Remote work could erase up to $800B in the value of commercial office real estate. Work from home risks losing $800B from the value of office buildings in major cities, highlighting the potential losses landlords face from post-pandemic changes in employment trends. Covid-19’s push ... #CommercialRealEstate #RemoteWorking
More than 20% of the capital’s shopping center capacity is empty. The weighted average vacancy rate in Kyiv’s shopping centers continues to grow. In March 2023 it reached 21.5%, almost double the figure of 11.5% in the same period last year. According to UTG, the co... #CommercialRealEstate #RealEstateVacancy #ShoppingCentersUkraine
The commercial real estate market is recovering due to the return of IT companies. According to the allbc agency, during the widespread blackouts people who usually worked from home moved to co-working spaces, where power generators provided electricity and internet access. As a res... #CommercialRealEstate #KyivOfficeRental
Seven Ukrainian shopping centers are preparing to open in 2023. The commercial real estate market did not cease development during the war, and the opening of seven shopping centers has been announced in 2023, said the director of the UTG, Evgenia Loktionova. Acco... #businessinukraine #CommercialRealEstate #ShoppingCentersUkraine
The Kyiv commercial real estate market is still constrained but shows signs of recovery. The Kyiv office space market remained constrained in 2022 due to war, resulting in a decline of economic indicators and a dramatic slowing of commercial activity. According to market analysis by CBRE ... #CommercialRealEstate #KyivOfficeRental #OfficeSpaceKyiv
The Ukrainian commercial real estate market has recovered by 70%. The retail real estate sentiment index (RWBI), after a sharp drop in February and March 2022 to 16.7, recovered in September to 28.3, the Ukrainian Council of Shopping Centers reported. It is noted th... #CommercialRealEstate #ShoppingCentersUkraine
During the pandemic year, online shopping increased by 26% and shopping mall rents softened. Despite these conditions 20 new malls are expected to open across Ukraine by the end of next year. This will add a total of 1.8 million square meters of leasable area, reported the Kyiv Post. This year, Kyiv is to see the openings of Ocean Mall with 100,000 square meters and Blockbuster Phase 3, wi... #CommercialRealEstate #VaccancyrateUkraine
To promote ‘green’ energy efficient commercial real estate, the EBRD is lending Dragon Capital $12.5 million for construction on Grand Business Center and two warehouses, one in Brovary and one in Kharkiv. Last July, Grand Business Center became Kyiv’s first office building to receive a sustainability certificate under the Building Research Establishment Environmental ... #CommercialRealEstate #DragonCapital #ebrd #GrandBusinessCenter
