Tesco has sold its department store in central Prague to Amadeus Real. Formerly named Máj, it is currently known as My. The new owner is planning a general reconstruction of the building which is planned to start in H2 2020 and last two years, local media reports.

The annual volume of leased floorspace in 2018 was 3.7 million sqm on Poland’s industrial market. The market grew by a further 2 million sqm while nearly 2 million sqm of space is under construction. Last year also saw record-breaking total for industrial investment transactions - worth €1.84 billion, according to JLL’s market summary.

Europe’s commercial property market is enjoying a favourable operating environment supporting its credit quality but risks are increasing. Rising interest rates and slowing economic growth could dampen future investor demand, according to Moody’s latest report.

CTP has recently announced new leases and development completions, in addition to ambitious plans for future expansion, in the Budapest region of Hungary and Northwest Bohemia and Moravia in the Czech Republic.

French logistics and transport services provider FM Logistic has opened a €20 million dedicated cold storage warehouse in Bucharest to meet demand from the growing pharma and healthcare industry in Romania.

One of the newest industrial parks in the portfolio of the developer and manager of industrial properties, P3 Logistic Parks, will launch an expansion this spring. Warehouse A will be enlarged from its present size of 30,000 sqm by an additional 60,000 sqm. The extra capacity will be available to prospective customers at the end of the year. It will be the largest building in P3’s portfolio in the Czech Republic.

AFI Tech Park, AFI Europe Romania’s latest business campus in Bucharest, announced two new tenants of AFI Tech Park 1, the first building of the office complex: New Work and Afcon Electra Romania. Following this transaction, AFI Tech Park 1 reaches an occupancy rate of 80%

The European retail market is undergoing massive changes as e-commerce grows and consumer habits change. Here are our 10 key takeaways from the annual RICS European Retail conference that was organised in Amsterdam this week.

CTP is the first real estate developer to reach a historical milestone: 1 million sqm of built area spread in 13 logistics and industrial parks throughout Bucharest and nine other cities, strategically located in Romania.

The landlord representation team at BNP Paribas Real Estate Poland, acting as an exclusive agent, will be responsible for leasing the vacant space in the Vipol Plaza office complex.