The past year has probably been the weakest since 2009 in terms of the volume of investments in real estate, both in the Czech Republic and throughout Central and Eastern Europe (CEE). This conclusion has resulted from the KPMG Property Lending Barometer survey. It has involved representatives of 48 banks from 10 CEE countries.

Home buyers in Romania have among the lowest instalment payments for mortgages across the EU, according to a SVN Romania report.

LCP Properties, a developer of the small warehouse space (SBU) warehouses under the Multipark brand, has received another building permit for a project of this type, this time in Gdańsk. Multipark Gdańsk in the first stage has over 5,400 sqm of GLA with eighteen modules. The project is scheduled to open in the fourth quarter of 2024.

GLP announced has successfully acquired two logistics warehouses spanning a combined area of 37,600 sqm in Janki near Warsaw. The price has not been disclosed.

Zdeněk Hausvater, Director of Asset Management at AEW Europe, has confirmed that the shopping gallery Mylsbek in Prague is for sale, Hospodářské noviny reports.

The new property will offer 28,000 sqm of warehouse and 4,000 sqm of office in Üllő, which already hosts other major retailers. The construction is to start in January and handover is scheduled for the end of 2025 and the early months of 2026.

As part of the so-called consolidation package, which has changed several dozen laws since January in the Czech Republic, the property tax is rising by an additional 80% starting this year, reports Seznamspravy.cz.

Cushman & Wakefield has summarized the situation in the Polish retail market in 2023, which saw heightened development activity, with about 450,000 sqm of new retail space delivered. The Polish retail sector continued to recover, as confirmed by the number of debuts – 29 new brands entered Poland in the last 12 months, marking the highest figure since 2017. Meanwhile, the slower price growth bolstered consumer sentiment, leading to higher retail turnover levels.

Griffin Capital Partners announced a series of promotions within its Investment and Finance teams. 

Despite significant headwinds across the global economy, the European flexible office market has remained largely resilient throughout 2023, says Workthere.pl. In 2024, the flexible office specialist expects operators to continue to seek best-in-class spaces with a greater focus on amenities and sustainability offerings.