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Articles

COVID-19 vs. commercial real estate: who will emerge from the pandemic as a winner?

Commercial real estate has been under coronavirus pressure for several months. At the beginning of 2020, a slight cooling of the market and a decline in demand were observed. And with the arrival of March, it was already clear that COVID-19 would also affect the real estate market. After initial uncertainty and a reassessment of which operating model pays off under ever-changing conditions and constraints, the situation is gradually stabilizing. Today we can evaluate which segments of the real estate market came out of the fight the best.

The German company Ehlebracht Slowakei is moving to Košice ctPark

The international company Ehlebracht, which currently has its production in Michalovce, will move to Košice in the autumn of next year. The current capacity of the halls, in which it manufactures components for the automotive industry, as well as white goods, is no longer sufficient for it. With the expansion of production, 60-80 new jobs will be created.

isklad.eu, also nicknamed the Slovak Amazon, is renting a new warehouse in Senec

One of the most dynamically growing Slovak start-ups in the field of e-commerce, the company isklad, which thanks to its own developed software brings a comprehensive logistics solution and operation to any e-shop, has leased new warehouse space in the logistics park of developer Karimpol in Senec. As the company's growth has long been limited by the capacity of the current warehouse in Bratislava *, relocation and expansion to new premises was a necessary step given the potential and waiting list of more than a hundred new e-shops from Europe and Asia.

European markets have stabilized, says Prologis

European markets have stabilized as a result of the gradual dissipation of the effects of the COVID-19 pandemic, with strong investor demand in the sector leading to a compression of yields. With the stabilization of markets, the prospects for rent growth have also improved. Supply-side barriers have been maintained due to the low level of speculative construction in most continental European countries. As Prologis further informed, the growth of rents is also affected by the lack of land.

Geis is the first tenant of VGP park near Bratislava

Geis SK is one of the largest logistics companies in Slovakia and is the market leader in the field of domestic pallet transport. Like the entire Geis group, Geis SK is still advancing and growing. "Thanks to the dynamic growth, we needed to find larger and more suitable premises for our branch in the Bratislava region. Our request was a modern cross-dock terminal in combination with a warehouse near Bratislava and at the same time in a location right next to the D1 motorway," says Daniel Knaisl, managing director of the Geis group for CZ, SK and PL.

Additional industrial premises have been added to the IMMOPARK Žilina complex

HSF System SK has completed the construction of another building in the IMMOPARK Žilina industrial park with an area of 11,500 m2. The main tenant of the new building will be Démos trade. The investor and developer is Erste Group Immorent Slovakia.

THE ICON by Allianz

THE ICON, located in Vienna, Austria, is Allianz’s flagship building and its most modern property globally. As befitting such a prestigious property, Spaceflow brought in the full breadth of our platform and community services to help activate THE ICON’S office community.

The Most Important KPIs in Digital Real Estate Marketing

Every real estate marketer wants to have a clear visibility on marketing campaigns performance in order evaluate the return on investment in terms of engagement, sales and actual revenue.

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