The CEE real estate market has been one of the most dynamically developing markets across Europe.
Will this trend continue?
The CEE real estate market has been one of the most dynamically developing markets across Europe and has enjoyed strong interest from a wide range of developers, investors and occupiers across all sectors. Will this dynamic and rapidly developing market continue at such pace for the coming years?
Some of the top real estate experts have been discussing the transformation of the market over the last 20 years. And they came to a conclusion that real estate market in Central and Eastern Europe has probably been developing most dynamically throughout Europe over the last 20 years. While the two decades back the market was in its infancy, just embarking on a period of initiation and early stages of development. What is clear now is that 20 years on the CEE market is highly developed, property development and real estate projects are of the highest international standards and the markets enjoy a high transparency rating.
Real Estate Consulting Company JLL organized its first dedicated CEE Capital Markets Client Conference on Wednesday, September 5th, 2018. Industry players from across Europe attended the conference held in Prague to discuss the development of the real estate market over the past twenty years. In addition, they also gave their insights into how the situation may develop in the years to come.
„The region enjoys interest from all parts of the globe - we see capital from US, Asia, Middle East, South Africa, Europe and UK. The market is diversified and yet mature. The question has to be will the following 20 years see such rapid development and change? With changes in technology, advances in building design, changing tenant requirements it is highly likely - but will it be as exciting for those of us who have witnessed a whole new market and region develop to what it is today?," mentioned Mike Atwell, Head of CEE Capital Markets.
The conference theme was JLL 20/20 Vision - with opening presentations from Mike Atwell looking back at the market 20 years ago with some amusing anecdotal stories being shared of those early years of CEE real estate. JLL's Head of EMEA Capital Markets, Matthew Richards, presented an overview of Global Capital Markets which was followed by Tomasz Trzósło discussing how CEE sits on the global stage. The conference was held at the Radisson Hotel and the after-party in the multifunctional DRN building on Národní třída was a great social occasion where more than 100 key representatives from across Europe came together to discuss market development and the most up-to-date trends.
The key discussion panels of the conference focused on the three dominant sectors of retail, office and industrial/logistics with lively debate amongst the panelists with an additional presentation on the up and coming sector of Student Housing and PRS sector where we see growing interest from both developers and investors across the CEE region.
An interesting panel discussion also developed on the topic of future and trends in logistics, where Ben Bannatyne from Prologis, Ian Worboys of P3 and Remon Vos from CTP took part. You can look at the link in the email for an overview of all the discussions videos, presentations and list of panelists.