Power Systems giant Rolls-Royce has appointed Cushman & Wakefield to an expanded role supporting its global property requirements following a competitive tender process.

Prologis has begun construction of a new 28,300 square metre speculative facility at Prologis Park Prague-Uzice in the Czech Republic. It will be the third building at fully occupied park and is scheduled to be completed by mid-2018.

The Warsaw office market recorded the second highest demand in the market's history along with record-breaking net absorption. This perfectly summarizes the sentiments on the city's office market. Furthermore, expectations for 2018 remain highly favourable, JLL reports.

2017 was a record breaking year for the Bulgarian office market with almost 200,000 sqm take-up in Sofia. The investment volume has also been the strongest ever with €1 billion invested in commercial property (land acquisitions included) from which income generating assets hold €870 million. Cushman & Wakefield Forton summarised 2017 on the Bulgarian office, retail and industrial markets.

At ca. €12.98 billion, 2017 recorded a 3.3% increase over 2016 (€12.56 billion) and, for the second year running, set a new record transaction volume for the CEE region. JLL has registered continued appetite from investors for the full range of assets across the entire region.

Mol unveiled its new car sharing service Mol Limo in Budapest which operates a fully electric fleet. 300 Volkswagen up! cars are available for rent at a pay-per-minute basis.

CTP announced changes and the expansion of its management team, both local and international. Ana Dumitrache, who has been the company’s Romanian Co-Country Head for 14 months, will leave CTP on 1 February to pursue a new career opportunity. Company COO Robert Pitt will take over the tasks of Ana Dumitrache. Remon Vos, CEO of CTP and Country Head for Romania will continue his position.

The total investment volume in Slovakia for 2017 was recorded at just under €525 million, with more than two thirds being closed in the second half of the year. The volume is below JLL‘s €600 million estimation as several deals did not close before the year end and will slip into 2018.

Demand for flexible workspace across the world saw record growth in 2017, according to the latest research from Cushman & Wakefield. The firm’s Co-working 2018 report reveals the extent to which the sector has evolved and matured with the UK leading the way globally.

2017 was a year of dynamic growth on Romania’s real estate market and the stage is set for 2018 to bring just as strong results. Silviu Pop, Head of Research at Colliers International Romania put together 10 predictions for the Romanian market in 2018.