Real estate developer Park Properties has purchased a 15,000 sqm land plot on the shores of Lake Snagov, near Bucharest, for a luxury villa residential development.

Industrial developer Logicor has completed the first two buildings in Logicor Bucharest III Pallady Logistics Park, located near Bucharest. 

Cushman & Wakefield has summarised the situation on the Warsaw office market for the third quarter of 2024. Office take-up, both in leasing volumes and transaction numbers, was comparable to that recorded in the same period in 2023. Meanwhile, muted development activity, falling vacancy rates – particularly in central locations – and shrinking land availability are likely to encourage investors to launch redevelopment projects.

GARBE Industrial Real Estate CEE has received a building permit for two industrial premises in Pohořelice, 30 km south of Brno. The construction of the two halls is starting almost immediately and to be available for the tenants within eight months.

CEE economies would suffer under a potential Trump presidency, primarily due to anticipated new trade tariffs, according to new research by Erste Group. The trade conflicts would impact the region indirectly through its economic reliance on Germany, says the bank’s CEE research team.

Croatia’s revenue in the tourism sector rose by 8% year-on-year to August 2024, which might have an impact on the hotel construction activity. 

Panattoni has completed the construction of a new 50,300 sqm park in Bolesławiec. The first tenant in the development in Lower Silesia is to be Toyota Boshoku Poland.

XBS Logistics and XBS PRO-LOG of the XBS Group have leased over 90,000 sqm in total across four industrial parks near Warsaw. The tenant was represented during the lease negotiations by Newmark Polska.

Romania remains one of the most affordable countries in the EU for office fit-outs, with costs significantly lower than in Poland, the Czech Republic, or Western countries, according to research by iO Partners. 

Atenor announced the signing of an agreement with an undisclosed investor for the sale of the Lakeside project, located in Warsaw. This transaction, which is expected to be finalised by the end of the year, is a part of Atenor’s debt reduction strategy.