Griffin Premium Real Estate, 71.7% owned by Globalworth, is being rebranded as Globalworth Poland and will be renamed as Globalworth Poland Real Estate N.V.

China has reclaimed top spot in Cushman & Wakefield’s global ranking of the most attractive markets for manufacturing, confirming its status as the sector’s powerhouse. Last year’s number one ranked country, Malaysia, falls to third place behind Lithuania.

Panattoni Europe is to build a courier delivery distribution centre for DHL Parcel Polska. The cross-docking facility will feature close to 9,000 sqm and will be built in Radzymin. Construction works commenced at the beginning of the year and will be finished in October 2018. The lease was signed for 10 years, and the contract was mediated by the international advisory firm CBRE.

Globalworth has completed the acquisition of two additional land plots adjacent to its assets on the Gara Herastrau/Barbu Vacarescu corridor of Bucharest for approximately €16 million. These plots are anticipated to allow for the development of 40,000 sqm of commercial (predominantly office) space. The company published an update for its operations.

The year 2017 saw the greatest amount of industrial space built in Europe in its history – more than 3.7 million sqm. This represents a 68% increase over 2016 and a 55% increase over the existing record dating back to 2007 (an additional 1.2 million sqm). The total industrial space in the region has increased by 17% as a result. Such are the results of a survey conducted by Cushman & Wakefield, a company that has been monitoring the industrial property market in the Czech Republic, Slovakia, Poland, Hungary and Romania on a long-term basis.

According to data by JLL, the volume of office investment transactions concluded in Poland for 2017 was approx. €1.6 billion. A record-breaking €970 million of office investment deals was reported in major cities outside of Warsaw.

As of January 2018, BNP Paribas Real Estate was selected to provide property management services for a real estate portfolio of 60,000 sqm commercial properties owned by OTP Real Estate Investment Fund. The mandate consists of 4 buildings: Akadémia Park, Szépvölgyi 22, Raday 42 and a logistics park in Gyál, at the outskirts of Budapest.

The EBRD and IFC, a member of the World Bank Group, are boosting the retail sector in Serbia, Montenegro and FYR Macedonia with €164 million in loans to the investment firm Hystead.

Curzon Capital Partners III (CCP III), a core plus Fund advised by Tristan Capital Partners, has completed a €64 million sale of Praha City Center office to Amundi Asset Management.

Hagag Development Europe is investing over €90 million in its first Bucharest project and the company’s largest residential project in Romania, H Pipera Lake.