“It's My City and I'm Not Going to Move Away!”
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SPH Newsletter
No. 70 | September 2019 SPH newsletter news DEAR READERS! News from CEE/SEE page 3 Staffing page 13 Lettings page 14 special The “tennis match” of SPH News- letter is a tradition and the return of real estate experts after the serve gives at least an extract of the picture the property sector is showing before Expo Real 2019. page 17 There are only days left to the opening of Expo Real 2019. In ad- vance we offer a tour to exhibitors About rents between EUR 525 and EUR 630 per square metre most landlords and from CEE/SEE. investors would rejoice. Furthermore, it is not a monthly rent, but is paid for only some page 21 days. The talk is about the prices exhibitors have to pay for being present at Expo Real with a stand. In 2019 again, more than 2,000 exhibitors are registered. Since long the International Trade Fair for Property and Investment is an important background event for the real estate industry. However, not only real estate companies, but as Mainly in the Czech Republic and well many cities, regions and even countries will exhibit in Munich during the days Poland Asian capital is increasing- of October 7 to October 9. After years of continuous growth this time a seventh hall, ly involved in real estate transac- the hall A3, was added enlarging the area to more than 72,000 square metres. tions. page 26 In times of electronic communication and of so-called social media it is something special that more than 45,000 participants from 73 countries – that are the official events figures of last year’s Expo Real – are taking the effort and expenses to travel to the trade fair in Munich. -
Výroční Zpráva Za Rok 2019-Revize
V Praze dne 1. 10. 2020 Oprava a dopln!ní výro"ní zprávy spole"nosti JTRE Financing 3, s.r.o. za rok 2019 Jednatelé spoleènosti JTRE Financing 3, s.r.o. informují, že k dnešnímu dni došlo na základì výzvy Èeské národní banky k doplnìní a opravení výroèní zprávy spoleènosti JTRE Financing 3, s.r.o. za rok 2019, jak je uvedeno níže v pøehledové tabulce. Zároveò došlo k pøeèíslování výroèní zprávy, proto pøehledová tabulka obsahuje odkazy na èíslování pùvodní výroèní zprávy i opravené výroèní zprávy. Text, který byl opraven anebo doplnìn, je zvýraznìn podtržením. Neèitelné grafy jsou nahrazeny èitelnými a formát opravené výroèní zprávy umožòuje snad né vyhledávání informací. Nezávislý auditor posoudil, zda doplnìné informace v doplnìné výroèní zprávì nejsou ve významném (materiálním) nesouladu s individuální úèetní závìrkou èi s jeho znalostmi o úèetní jednotce získanými bìhem auditu individuální úèetní závìrky nebo zda se jinak tyto informace nejeví jako významnì (materiálnì) nesprávné v takové míøe, která by vedla k úpravì zprávy auditora v souladu s požadavky mezinárodního auditorského standardu ISA 560 Události po datu úèetní závìrky, a dospìl k z ávìru, že uvedená doplnìní a opravy nemají vliv na výrok uvedený v pùvodní výroèní zprávì. Strana Strana Oprava, dopln!ní Komentá$ k oprav!, (p#vodní (opravená dopln!ní výro"ní výro"ní zpráva) zpráva ) 4 4 Spoleènost je jednoúèelová spoleènost ( special purpose Ve výroèní zprávì bylo ve vehicle ), která byla založena výhradnì za úèelem emise vztahu k èinnosti dluhopisù, pøièemž celý výtìžek z emise dluhopisù Spoleènosti odstranìno použila na poskytnutí financování spoleènosti Park Side rozporné vyjádøení, že London Ltd., založené a øídící se právem Britských prostøedky z emise Panenských ostrovù, se sídlem P.O. -
CEE Marketbeat Office Q2 2020
M A R K E T B E AT MARKETBEAT CENTRAL EUROPE Office Q2 2020 M A R K E T B E AT CONTENTS Bratislava (SK) Bucharest (RO) Budapest (HU) Prague (CZ) Warsaw (PL) M A R K E T B E AT BRATISLAVA Office Q2 2020 YoY 12-Mo. ECONOMY: Slovakia Among the First Countries to Reopen, Economy in Recovery Phase Chg. Forecast Slovakia’s economy has been hit by the domestic, as well as international restrictive measures which have been implemented to minimize the impact of the coronavirus pandemic on public health. According to Oxford Economics data, Slovakia’s real GDP 9.8% should see a year-over-year drop in all four quarters of 2020. Prices should continue to rise, although by a smaller rate. The Vacancy Rate trough of the economic activity was reached in Q2 and most of the economy should now be in a recovery phase, including domestic demand, private sector revenues, industrial production, exports and retail sales. Due to a relatively mild course of the pandemic, Slovakia enjoyed one of the fastest reopenings of the economy in the world. The sentiment in private sector has €17.00 grown less tense as evidenced by the month-over-month increase in industrial turnovers, construction output and real estate Prime Rent, Sq m/month activities (based on the Statistical Office of the Slovak Republic data). 5.75% SUPPLY & DEMAND: Expected Drop in Leasing Confirmed, Developers React by Postponing Supply Prime Yield The office property stock saw the first completions since Q4 2019, delivering around 48,000 sq m of class A offices. -
Ex Ding Borders
EX DING BORDERS OFFICE MARKET IN 15 CEE COUNTRIES October 2019 OFFICE MARKET IN 15 CEE COUNTRIES INTRODUCTION CONTENTS 2 Welcome to our publication about the office sector in Central and Eastern Europe. The report presents the situation in the office markets in 15 CEE countries (Albania, Belarus, Bulgaria, Croatia, Czechia, Estonia, INTRODUCTION Hungary, Latvia, Lithuania, Montenegro, Poland, Romania, Serbia, Slovakia and Ukraine). In the study, we focused on key market indicators such as total office stock, take-up and leasing conditions, vacancy levels, space under construction and a forecast for the upcoming years. The presentation of the office market in each country is also enriched with a short commentary, an interesting fact from the market and photos of modern office projects. 4-5 The report has been divided into 3 parts: • A map presenting 15 CEE countries with key economic data; ECONOMIC DATA • The comparative part, where on aggregated charts we present H1 2019 office market data for 15 CEE countries; • Presentation of the office market in each country. In recent years, the CEE region has been characterized by dynamic development, which goes hand in hand with the growth of modern office projects. We forecast that by 2021 the total office stock in the 2 6-7 15 CEE countries will exceed 30 million m . More and more office buildings can boast of prestigious certificates, modern technological and environmental solutions or an innovatively designed space. OFFICE MARKET We believe that thanks to this publication the potential of the 15 CEE countries will be rediscovered IN 15 CEE COUNTRIES IN H1 2019 and will be further developed. -
Ready for Reforms: a New Direction for Slovakia
21th Edition Your key to understanding the Slovak business environment € 7 16th Edition Your key to understanding the Slovak business environment and its challenges € 7 investmentINVESTMENT ADVISORYADVISORY GUID GUE 2015/2016IDE 2020/2021 Ready for reforms: A new direction for Slovakia GENERAL PARTNER CONTENT ADVISOR general partner content advisor titulka.indd 1 20. 11. 2015 13:30:43 Contents 3 SARIO SLOVAK INVESTMENT AND TRADE DEVELOPMENT AGENCY Investor’s checklist . 4-13, 54, 70, 80 Labour market & education . 70-79 Slovakia basics . 4 Employment relations in Slovakia . 72 10 reasons to opt for Slovakia . .5 FAQ: Dealing with Slovaks . 72 Timeline: Construction of a new plant . 6 Job portals . 73 Timeline: Mass recruitment . .6 HR companies in Slovakia . 73 Types of business companies in Slovakia Labour market: overview . 74 (advantages and disadvantages) . 7 Government’s plans . 76 Slovak infrastructure & Industrial parks in Slovakia . 8 Statistics: wages & labour costs . 78 Timeline: Acquiring industrial space . .8 Statistics: labour market . 79 Useful contact details . 9 Information on Slovak regions . 10-13 Purchasing a plot in Slovakia . 54 Economy & business environment . 80-91 Labour market & Education . 70 Slovak economy . 82. Business & Economy . 80 Statistics: Slovakia & the European Union . .83 Improvement to business environment . 84 Success story . 86 Opportunities . 14-27 Investment highlights . 88 Automotive industry . 16 Advisors: Accounting, Audit & Tax . 90 Innovations . 18 Consulting firms . 91 Space research . 20. Digitisation . 22 Clean technologies . 24 Foreigners in Slovakia . 92-97 Business service centres . 26 Trade licences and doing business in Slovakia . .93 Clusters & Asssociations . 27 What foreigners ask before relocation to Slovakia? . 94 FAQ: EU citizens dealing with immigration authorities . -
GRAMEXO PLC REPORT and CONSOLIDATED FINANCIAL STATEMENTS 31 December 2018 GRAMEXO PLC
GRAMEXO PLC REPORT AND CONSOLIDATED FINANCIAL STATEMENTS 31 December 2018 GRAMEXO PLC REPORT AND CONSOLIDATED FINANCIAL STATEMENTS Year ended 31 December 2018 CONTENTS PAGE Board of Directors and other officers 1 Completion of missing information 2 Management report 3 - 10 Independent auditor's report 11 - 16 Consolidated statement of comprehensive income 17 Consolidated statement of financial position 18 Consolidated statement of changes in equity 19 Consolidated statement of cash flows 20 Notes to the consolidated financial statements 21 - 63 Additional information - GRAMEXO PLC, REPORT AND FINANCIAL STATEMENTS 31 December 2018 GRAMEXO PLC BOARD OF DIRECTORS AND OTHER OFFICERS Board of Directors: Ivana Tollarovicova Nicolas Italos Group Secretary: PA.TY. Secretarial Limited Independent Auditors: KPMG Limited Certified Public Accountants and Registered Auditors Esperidon 14, 1087 Nicosia, Cyprus Financial Advisors: J&T Banka, a.s. Prague 8, Postal Code 186 00 Czech Republic UniCredit Bank Czech Republic and Slovakia, a.s. Zeletavska 1525/1 140 92 Praga 4 Czech Republic Postova banka, a.s Dvorakovo nabrezi 4 811 02 Bratislava Slovakia Registered office: Klimentos, 41-43 Klimentos Tower 1st floor, Flat/Office 12 1061 Nicosia, Cyprus Bankers: J&T Banka, a.s. Prague 8, Postal Code 186 00 Czech Republic 1 GRAMEXO PLC COMPLETION OF MISSING INFORMATION Based on the letter of Notification of shortcomings from Czech National Bank, dated on June 12, 2019 and in accordance with the Act No. 256/2004 Coll., Company GRAMEXO PLC presents the revised Yearly Report as of 31 December 2018. The list of revisions are as follows: 1. On pages 3 – 10, MANAGEMENT REPORT, the text was divided into sections 1 – 8. -
How Slovakia Has Changed
20th Edition Your key to understanding the Slovak business environment € 7 16th Edition Your key to understanding the Slovak business environment and its challenges € 7 investmentINVESTMENT ADVISORYADVISORY GUID GUE 2015/2016IDE 2019/2020 30 Years of Freedom: How Slovakia Has Changed GENERAL PARTNER CONTENT ADVISOR general partner content advisor titulka.indd 1 20. 11. 2015 13:30:43 Contents 3 SARIO SLOVAK INVESTMENT AND TRADE DEVELOPMENT AGENCY CONTENTS Investment Advisory Guide Investor’s checklist 4-11 Slovakia basics 4 Slovakia & central Europe: distances, population 4 or 30 years, Slovakia has been free of totalitarianism. For half of that time, it has been a Foreign direct investment: overview 5 member of the European Union. Slovak infrastructure & Industrial parks in Slovakia 6 Project timelines & 5 things to remember The country has come a long way since its watershed moment in 1989. The federation that when purchasing a plot in Slovakia 6 Fit was part of broke up, to the delight of some and the dismay of others. Slovakia and Czechia have Useful contact details 7 Industry in Slovak regions 7 each taken their own direction, with the Slovak economy only embarking on the path of much-needed Information on Slovak regions 8-9 reforms after the period of the populist and authoritarian-leaning government under the leadership of Structure of regional economies 8-9 Largest companies in Slovak regions 8-9 Vladimír Mečiar. Timeline: Construction of a new plant 10 The reforms that were launched in the late 1990s put Slovakia back on track. EU membership was Timeline: Mass recruitment 10 Types of business companies in Slovakia seen as the main aim for the country, a crowning moment for the transition to democracy and a market (advantages and disadvantages) 11 economy. -
Moscow Stormclouds Cast a Long Shadow
September 2014 www.resourceinfo.hu HUF 750 Member of the Group CEE Property Forum 2014 25 September 2014, Hotel Park Royal Palace, Vienna Moscow stormclouds cast a long shadow INTERVIEW ANALYSIS OPINIONS FOCUS Alan Vincent, Office develop- CEE: mix of CEE developers managing director ment boom on risks and and develop- of ConvergenCE core CEE markets opportunities ments _B1-REs-1409.indd 1 9/11/14 11:53 AM WHEN IT COMES TO YOUR OFFICE, HOW AMBITIOUS ARE YOU? D D O NOR NOR NO WIEN W WIEN NORD Many factors make the critical difference in the quality of workplaces and company sites. That’s why CA Immo provides office environments that underpin your company’s aspirations to leadership. As a specialist in office properties in the big cities of Europe, we set the standard. For more information, please visit www.caimmo.com CA IMMO HUNGARY KFT. Rákóczi St. 70-72., Budapest H-1074, Hungary Phone: +36 (1) 501 28 00 / Fax: +36 (1) 501 28 01 Email: offi[email protected] _B2-REs-1409.indd 2 9/11/14 11:48 AM REsource OPINIONS What are the most attractive markets in CEE? How have the different markets been developing after the crisis? What are the risks on the various regional markets? CONETENT What opportunities do the different pricing 10 and yield spreads offer investors? Is it time for the real turning point for less favoured markets? What are the most attractive COVER STORY investment assets in Budapest? Leading The whole world is concerned about the escalating Russian-Ukrainian conflict and CEE experts share their opinion.