German developer Garbe Industrial Real Estate has set up a new company in Romania. Under the leadership of CEE Managing Director Martin Polák and Country Head Andrei Jerca, GARBE Industrial Real Estate Romania will expand its activities in this market and implement its own property developments. 

The European Bank for Reconstruction and Development has issued a €100 million loan to the Polish subsidiaries of Vantage Development, a residential-for-rent developer and operator, ultimately owned by Germany’s TAG Immobilien.

CTP has signed a lease with Czech company BOUKAL for almost 3,500 sqm of modern space at CTPark Chomutov in the Czech Republic, with plans to create dozens of new jobs and strengthen the regional economy.  

For the first time in almost thirty years of Czech development group Crestyl, the person in the position of international CEO is changing. Simon Johnson, who has held the position of COO of the group for the past 14 years within Crestyl and also acted as executive director for the Czech Republic, is taking over the management of the entire group.

DHL Supply Chain announced the opening of its first warehouse in Poland equipped with a fully automated AutoStore system. This robotised warehouse in Gorzów Wielkopolski marks the first deployment of the AutoStore system by the company in the CEE region. 

Czech property consultancy 108 Real Estate has announced the opening of a new office in Zagreb covering Slovenia, Serbia and Croatia as part of its expansion in the Balkans.

Panattoni is constructing the third and final building in the Panattoni Park Warsaw West development. The 16,460 sqm building is being constructed to meet the needs of XBS Logistics and the logistics operator plans to start operating in the new warehouse facility from July 2025.

The retail market in Romania has room for growth, considering that short-to-long term pipeline exceeds 800,000 sqm, consisting of projects under construction or in different permitting stages, which are due to be completed by the end of the decade. 

The offer of new residential buildings in Q3 2024 in Prague has decreased slightly, reports BuiltMind in its quarterly analysis of Prague residential segment. However, outlooks are optimistic, thanks to stable inflation and declining rates.

According to the latest Savills Investment Report, the commercial property market in the Czech Republic is expecting a strong close to 2024. The total transaction volume for the first three quarters of 2024 has reached €1.09 billion.