Non-residential construction market in Central Europe 2015 Development forecasts for 2015-2020
  • Date of issue: July 2015
  • Pages: 123
  • Delivery: Pdf file

Non-residential construction market in Central Europe 2015

Development forecasts for 2015-2020

This report covers the non-residential construction market as a unit and examines separate markets in the following countries: Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia. It presents value and growth data, analysis of the structure of the market and forecasts for development to 2020.

The document also describes significant projects and overall activity in the office space, retail, hotel and professionals services categories as well as industrial and warehouse ventures. It includes planned and new construction as well as renovation and re-purposing projects.

 

Review the status of…

  • The Central European non-residential construction sector in terms of new activity, top projects and leading companies in the region and in Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia.
  • Current and planned activity in the hotel construction segment
  • Professional services and retail space construction across the region and in each country
  • Trends and market-wide events and their current impacts on the market, as well as predicted influences
  • Warehouse and industrial ventures, current and planned, in each country
  • Office space construction projects in progress and planned for the years ahead.

 

This report puts the answers you seek at your fingertips…

  • What is the current value of non-residential construction (retail, office, services, warehouse, industrial space) in Central Europe?
  • What will be the value of this regional market in 2020?
  • What does the structure of this market look like and what are the values of key segments and sub-segments?
  • How many non-residential building permits (retail, office, services, warehouse, industrial space) were issued most recently in Central European countries?
  • What is the size of the warehouse sub-segments of this market and who are its key investors?
  • Which investors are most involved in office space construction and renovation?
  • Which commercial developers are most invested in retail space construction in Central Europe?
  • Which commercial development projects are receiving the most attention in the Central European countries of Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia?
  • Which non-residential projects in each of these countries are the largest in terms of size and value?

 

Review this document before preparing…

  • New non-residential construction project launches in Central European countries
  • Evaluations of current and predicted market potential
  • To effect a merger or acquisition on this market
  • Calculations of the market share of a specific company active in Central European non-residential construction
  • In-house analyses and reports for executives and/or shareholders
  • Tenders for non-residential construction projects in Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia
  • Analyses of the value and structure of the non-residential construction market in Central Europe and in each of the countries covered in this report.

 

Which types of organisations need this report most?

  • Banking, brokerage, investment and equity funds
  • Manufacturers of machinery used in the construction sector
  • Suppliers of building materials on this market
  • Contracting and real estate development companies
  • Business consultants, researchers and analysts
  • Embassies and government agencies
  • Research and educational institutes
  • Trade and industry organisations.

 

Which companies are presented in the report?

Ablon, Accor, AFI Europe, AIG Lincoln, Amazon, Apsys Polska, Arkon, Audi, BASF, BBI Development, CSOB, ECE, Echo Investment, Erste Group Immorent, Euro City Park, Futureal, Galaxy Investment Group, GD&K Group, Ghelamco, Goodman, GRT Group, GTC, HB Reavis, Hilton Worldwide, Immochan, Immofinanz Group, Industrial & Logistics Developments (ILD), Inter IKEA Centre Polska, InterContinental Hotels Group, International Continental Hotel Groups, Kaufland, Lidl, Litex Motors, May Development, Mayland Real Estate, Metrostav Development, Multi Development, Panattoni, Penta Investments, PGP Estate, PHN, Plaza Centers, Prologis, Qualia Development, Raiffeisen Evolution, Segro, Skanska, Skoda Auto, Sofia Techpark, SwedeCenter, TK Development, TransGlobal Assets, TriGranit, Unibail-Rodamco, Unidevelopment, Vastint Poland, WING, YIT

 

Did you know?

  • The pace of recovery for the non-residential construction market in Bulgaria is weak and seems to be determined by developments mostly in industrial and warehouse construction.
  • In 2015, the retail and hospitality construction segments will lead in terms of growth rates in Romania.
  • Investor activity in the Polish office market surged in 2014 as the investors secured permits to build office buildings with the combined usable floor area of more than 1.5 million m², outperforming the previous record of 2008.
  • More than 80,000 m² of modern retail space were completed in the Czech Republic in 2014, the lowest figure since 2011.
  • Most of the activity in the Slovak office construction is concentrated in the Bratislava area. Any developments in regional cities are independent acts.
 

Extract from this report

  • One area which is dragging the Hungarian non-residential construction down is retail construction, as the government has given clear indications that it will clamp down on investments by large international retail chains in its move to support local shops and suppliers. The ban on large malls was renewed in late 2014.
  • In 2014 Romanian investors secured the highest number of non-residential construction permits in three years. Last year, permits were issued for the construction of 7,802 buildings, which was 10% more than the result achieved in 2013, when 7,088 permits were issued.
 

Market commentary by expert

"Apart from the new investments, the year 2014 saw, as predicted, the resumption of several construction projects which have been in the pipeline for years and not finished. This has helped construction output from non-residential projects to fall less dramatically than predicted in 2014. A maturing of the overall non-residential construction market is evident, although with a different scale of maturity in different segments of the non-residential market. This is the main reason why smaller scale projects suited to the most popular type of property will dominate the development of speculative office and retail space."
Bartłomiej Sosna, Head Construction Market Analyst
 
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  • Methodology
  • Executive summary
  • Bulgaria
    • Situation on the non-residential construction market
    • Industrial and warehouse construction
      • Major projects
    • Retail and service construction
      • Major projects
    • Office construction
      • Major projects
    • Development forecasts for 2015-2020
  • The Czech Republic
    • Situation on the non-residential construction market
    • Industrial and warehouse construction
      • Major projects
    • Retail and service construction
      • Major projects
    • Office construction
      • Major projects
    • Development forecasts for 2015-2020
  • Hungary
    • Situation on the non-residential construction market
    • Industrial and warehouse construction
      • Major projects
    • Retail and service construction
      • Major projects
    • Office construction
      • Major projects
    • Development forecasts for 2015-2020
  • Poland
    • Situation in the non-residential construction market  
    • Industrial and warehouse construction
      • Latest trends
      • Key projects
      • Forecasts for 2015-2020
    • Retail and service construction
      • Latest trends
      • Key projects
      • Forecasts for 2015-2020
    • Office construction
      • Latest trends
      • Key projects
      • Forecasts for 2015-2020
    • Development forecast for non-residential construction in 2015-2020
  • Romania
    • Situation on the non-residential construction market
    • Industrial and warehouse construction
    • Retail and service construction
    • Office construction
    • Development forecasts for 2015-2020
  • Slovakia
    • Situation on the non-residential construction market
    • Industrial and warehouse construction
      • Major projects
    • Retail and service construction
      • Major projects
    • Office construction
      • Major projects
    • Development forecasts for 2015-2020

Graphs

  • Value (BGN bn, current prices) and change (%, y-o-y) of non-residential construction output in Bulgaria, 2010-2020
  • Value (CZK bn) and change (%, y-o-y) of non-residential construction output in the Czech Republic, 2010-2020
  • Value (HUF bn) and change (%, y-o-y) of non-residential construction output in Hungary, 2010-2020
  • Construction and assembly output (PLN bn) and output change (%) in non-residential construction in Poland, 2010-2020
  • Value (RON bn) and real change (%, y-o-y) of non-residential construction output in Romania, 2011-2020
  • Value (€ bn) and change (%, y-o-y) of non-residential construction output in Slovakia, 2010-2020
  • Value (BGN bn, current prices) and change (%, y-o-y) of non-residential construction output in Bulgaria, 2007-2014
  • Stock of modern shopping centre space in Bulgaria (m²), 2012-2014
  • Stock of modern office space in Bulgaria (m²), 2012-2014
  • Value (BGN bn, current prices) and change (%, y-o-y) of non-residential construction output in Bulgaria, 2010-2020
  • Value (CZK bn) and change (%, y-o-y) of non-residential construction output in the Czech Republic, 2007-2014
  • Structure of non-residential construction in the Czech Republic (%), by category of buildings, 2013
  • Non-residential building permits in the Czech Republic, by value (CZK bn) and number of buildings, 2007-2014
  • Non-residential building permits in the Czech Republic, by floor area (m²), 2007-2014
  • Industrial and warehouse space delivered in the Czech Republic (m²) and change (%, y-o-y), 2008-2015
  • Shopping centre GLA delivered in the Czech Republic (m²) and change (%, y-o-y), 2007-2016
  • Office space delivered in Prague (m2) and change (%, y-o-y), 2007-2016
  • Value (CZK bn) and change (%, y-o-y) of non-residential construction output in the Czech Republic, 2010-2020
  • Value (HUF bn) and change (%, y-o-y) of non-residential construction output in Hungary, 2007-2014
  • Structure of non-residential construction in Hungary (%), by type of building, 2013
  • Value (HUF bn) and change (%, y-o-y) of industrial and warehouse construction output in Hungary, 2006-2014
  • Industrial and warehouse construction permits in Hungary, by number of buildings, and change (%, y-o-y), 2006-2014
  • Total stock of modern industrial space in Hungary (million m², e-o-p), 2008-2014
  • Value (HUF bn) and change (%, y-o-y) of retail construction output in Hungary, 2006-2014
  • Retail construction permits issued in Hungary, by number of buildings, and change (%, y-o-y), 2006-2014
  • New modern retail space opened in Budapest (m²), 2006-2014
  • Value (HUF bn) and change (%, y-o-y) of office construction output in Hungary, 2006-2014
  • New office stock opened in Budapest (m²), 2006-2014
  • Value (HUF bn) and change (%, y-o-y) of non-residential construction output in Hungary, 2010-2020
  • Share of non-residential works in construction and assembly output in Poland (%), 2005-2014
  • Building permits and projects completed in Poland – non-residential construction, by number of buildings (‘000), 2005-2014
  • Building permits and projects completed in Poland – non-residential construction, by floor area of buildings (million m²), 2005-2014
  • Building permits and projects completed in Poland – industrial and warehouse construction, by number of buildings, 2005-2014
  • Building permits and projects completed in Poland – industrial and warehouse construction, by floor space of buildings (‘000 m²), 2005-2014
  • Construction and assembly output, industrial and warehouse buildings in Poland (PLN bn) and change (%, y-o-y), 2010-2020
  • Building permits and projects completed in Poland – retail and service buildings, by number of buildings, 2005-2014
  • Building permits and projects completed in Poland – retail and service buildings, by floor space of buildings (‘000 m²), 2005-2014
  • Growth in the number of hypermarkets in Poland, 2001-2014
  • Construction and assembly output, retail and service buildings in Poland (PLN bn) and output change (%, y-o-y), 2010-2020
  • Building permits and projects completed in Poland – office construction, by number of buildings, 2005-2014
  • Building permits and projects completed in Poland – office buildings, by floor space of buildings (‘000 m²), 2005-2014
  • Construction and assembly output, office buildings in Poland (PLN bn) and output change (%, y-o-y), 2010-2020
  • Construction and assembly output (PLN bn) and output change (%) in non-residential construction in Poland, 2010-2020
  • Value (RON bn, current prices) and real change (%, y-o-y) of non-residential construction output in Romania, 2006-2014
  • Structure of non-residential construction output in Romania (%), by type of building, 2013-2014
  • Non-residential building permits issued in Romania, by number of permits (‘000) and total built area (‘000 m²), 2007-2014
  • Value (RON bn, current prices) and real change (%, y-o-y) of industrial and warehouse construction output in Romania, 2007-2014
  • Structure of speculative warehouse space stock in Romania, by region (‘000 m², %), 2014
  • Industrial and warehouse space stock in Bucharest (‘000 m², e-o-p), 2003-2015
  • Vacancy rate in warehouse projects in Romania, by region (%, e-o-p), 2014
  • Take-up of warehouse space in Romania (%), by region, 2014
  • Consumer confidence indicator in Romania, January 2012-March 2015
  • Value (RON bn, current prices) and real change (%, y-o-y) of wholesale and retail trade construction output in Romania, 2007-2014
  • Building permits issued for retail and wholesale buildings in Romania (‘000) and total space of permitted construction (‘000 m²), 2009-2014
  • Quality retail space stock in Romania (‘000 m²), by city, 2014
  • Value (RON bn, current prices) and real change (%, y-o-y) of office construction output in Romania, 2007-2014
  • Modern office space delivered in Bucharest (‘000 m²), 2006-2015
  • Take-up of office space in Bucharest (%), by type, 2014
  • Office space stock in Romania (‘000 m², e-o-p), by city, 2014
  • Value (RON bn) and real change (%, y-o-y) of non-residential construction output in Romania, 2011-2020
  • Value (€ bn) and change (%, y-o-y) of non-residential construction output in Slovakia, 2008-2014
  • Structure of non-residential construction in Slovakia (%), by type of buildings, 2013
  • Non-residential building permits in Slovakia, by floor area of buildings (m²), and change (%, y-o-y), 2007-2014
  • Industrial and warehouse space delivered in Slovakia (m²), 2007-2014
  • Retail facility space delivered in Slovakia (m²) and change (%, y-o-y), 2007-2015
  • Office space delivered in Bratislava (m²) and change (%, y-o-y), 2007-2015
  • Value (€ bn) and change (%, y-o-y) of non-residential construction output in Slovakia, 2010-2020

Tables

  • Industrial and warehouse space leasing activity in Romania (‘000 m²), by type of deal, 2008-2014
  • Office space leasing activity in Bucharest (‘000 m²), by type of deal, 2007-2014
  • Non-residential building permits issued in Bulgaria, by number of buildings, 2010-2014
  • Non-residential building permits issued in Bulgaria, by floor area (m²), 2010-2014
  • Non-residential buildings commenced in Bulgaria, by number of buildings, 2010-2014
  • Non-residential buildings commenced in Bulgaria, by floor area (m²), 2010-2014
  • Major planned industrial and warehouse complexes in Bulgaria, 2015-2019
  • Major planned retail facilities in Bulgaria, 2015-2017
  • Major planned office complexes and buildings in Bulgaria, 2015-2017
  • Major industrial and warehouse buildings planned in the Czech Republic, 2015-2020
  • Major retail facilities planned in the Czech Republic, 2015-2020
  • Major planned office complexes and buildings in the Czech Republic, 2015-2020
  • Non-residential building permits issued in Hungary, by number and floor area of buildings, and change, 2006-2014
  • Number of permits for non-residential buildings in Hungary, breakdown by settlement type and segment, 2013-2014
  • Major planned industrial and warehouse complexes in Hungary, 2015-2017
  • Major retail facilities planned in Hungary, 2015-2016
  • Major planned office complexes and buildings in Hungary, 2015-2017
  • Non-residential construction and assembly output in Poland, by type of building (%), 2010-2014
  • Construction of industrial and warehouse buildings, according to the Polish Classification of Types of Construction
  • Investment projects in Special Economic Zones in Poland, 2006-H1 2014
  • Major industrial and warehouse projects planned in Poland, 2015-2021
  • Construction of retail and services buildings, according to the Polish Classification of Types of Construction
  • Major retail and service projects planned in Poland, 2015-2018
  • PKP’s property development projects in Poland, 2014
  • Number of hypermarkets in Poland, 2011-2014
  • Foreign supermarket chains in Poland, 2011-2014
  • Discount store chains in Poland, 2011-2014
  • Construction of office buildings according to the Polish Classification of Types of Construction
  • Major office projects planned in Poland, 2015-2024
  • Basic indicators for Bucharest warehouse property market, Q4 2014
  • Major industrial and warehouse projects completed in Romania, 2013-2014
  • Major industrial and warehouse projects in Romania, 2015-2017
  • Major retail facilities and shopping centres put into operation in Romania, 2012-2014
  • Top 5 fastest growing grocery chains in Romania, by number of stores, 2014
  • Major retail and service projects in Romania, 2015-2016
  • Major office development projects in Romania, 2015-2016
  • Major industrial and warehouse complexes planned in Slovakia, 2015-2016
  • Major retail facilities planned in Slovakia, 2015-2018
  • Major office complexes and buildings planned in Slovakia, 2015-2019