Industrial developer CTP has completed the purchase of six industrial projects and a land bank from Globalworth in Romania for an undisclosed sum.

Alides Polska, a subsidiary of Belgian developer Alides and Aya Properties Fund announced the joint acquisition of the Metron office building located at Aleja Niepodległości 69 in Warsaw’s Mokotów district from a Polish SPV held by Patrizia. The price has not been disclosed.

Only 31,000 sqm of new supply was delivered through two projects during the three months to March 2024, bringing the combined office stock of Poland’s eight largest regional cities to 6.7 million sqm at the end of the first quarter, say BNP Paribas Real Estate experts. The new completions were Echo Investment’s Brain Park C (13,000 sqm) in Kraków, which is the second largest office market in Poland after Warsaw, and Cavatina Holding’s Quorum Office Park A (18,000 sqm) in Wrocław – the third biggest.

According to the latest report from Cushman & Wakefield, occupier demand was notably weaker on the Polish industrial market in the first quarter of 2024. However, despite a double-digit decline in take-up, Poland was one of the most active leasing markets in Europe. Development activity also stabilised, but this year’s new supply is forecast to be the fourth highest in the history of the Polish industrial market.

Panattoni has begun work on Panattoni Park Gdańsk City Airport, a new project in the district of Pomerania. The development is being built on a speculative basis and will comprise two modern distribution buildings with a combined area of over 18,400 sqm.

The 13th JLL Charity Beach Volleyball Tournament will take place on August 1st at the Monta Beach Volley Club in Warsaw. Funds raised during the event for the second time will go towards supporting the construction of the Ronald McDonald House at the ‘Pomnik - Centrum Zdrowia Dziecka Institute. Property Forum is a Media Partner of the event.

CPIPG has announced the Group’s strategic initiatives including group simplification, financing updates and governance review.

Family office Pannonia Group, together with the Austrian family office of IPD Innovation Park Development, has announced the completion of the transaction of the purchase of a historic building on Štúrova Street in Bratislava from Československá obchodná banka.

Kaufland continues to expand in Europe and revitalizations are playing an increasingly central role in this. The integration of existing retail locations and modernization has increased recently in comparison to the construction of new buildings. In the Bulgarian capital Sofia, a very special revitalization has now been completed.

The Supervisory Board of Immofinanz has approved the commencement of preparations for a squeeze-out of S Immo in accordance with the Austrian Squeeze-out Act. In the course of the squeeze-out, shares in S Immo held by minority shareholders shall be transferred to Immofinanz as the main shareholder in exchange for appropriate cash compensation.