CEE tapped up for outsourcing needs
Of the 37 million sqm of property requirements, 40 percent is set to be in Central and Eastern Europe. These requirements are made up of offices (13 million sqm - equivalent to the size of the City of London and Docklands market put together), with the remainder being manufacturing and warehousing.
According to the report, the biggest demand for offshore outsourcing property requirements over the next 10 years will be from UK companies and institutions, which account for 62.5 percent of the 37 million sqm, followed by Germany (13 percent), France (nine percent), the Netherlands (three percent), Italy (2.5 percent) and other countries (10 percent).
Meanwhile, the trend for outsourcing continues unabated, with a predicted one million jobs set to be outsourced by European-based companies and institutions over the next 10 years.
Some 60 percent of these jobs are likely to be in the financial services, manufacturing and IT sectors. "The appeal of the Central European countries of the Czech Republic, Hungary and Poland is the low costs in terms of real estate and of the skilled labor force, coupled with membership of the European Union," says Ward Stocker from CWHB.
According to the report, the biggest demand for offshore outsourcing property requirements over the next 10 years will be from UK companies and institutions, which account for 62.5 percent of the 37 million sqm, followed by Germany (13 percent), France (nine percent), the Netherlands (three percent), Italy (2.5 percent) and other countries (10 percent).
Meanwhile, the trend for outsourcing continues unabated, with a predicted one million jobs set to be outsourced by European-based companies and institutions over the next 10 years.
Some 60 percent of these jobs are likely to be in the financial services, manufacturing and IT sectors. "The appeal of the Central European countries of the Czech Republic, Hungary and Poland is the low costs in terms of real estate and of the skilled labor force, coupled with membership of the European Union," says Ward Stocker from CWHB.
