Panattoni has fully commercialised City Logistics Kraków Airport II, its latest project in Małopolska. A second tenant has been found for the development completed in July this year and is to take up 20,050 sqm.

János Gárdai has been appointed CEO of Futureal Development and Shared Services Partnership and Group Asset Management Director. 

The share of residential transactions in Prague within total investment volumes has been increasing since 2023, according to Savills' Rental Housing in Prague report. In the first half of 2024, it reached almost 18%, equivalent to €158 million.

Romanian construction group IBB Holding will issue euro-denominated bonds and list them on the Bucharest Stock Exchange, following a decision of its shareholders. 

Attila Gorbai, General Manager of Tennant Company in CEE, spoke with Property Forum about the portfolio expansion of Tennant’s robotic cleaning machines following their integration into Tennant Company and the company’s vision to expand their role in the floor care market across the CEE.

Over H1 2024, the office stock in the CEE region grew by 213,000 sqm, with the largest increase recorded in Budapest (78,300 sqm). The majority of the markets still experience subdued construction activity as vacancy rates remain higher than 10%. The development pipeline is largely dependent on pre-lease agreements, with a limited number of speculative starts. The only exception is Prague, where the under-construction volumes nearly doubled as compared to the end of 2023. The overall vacancy rate in the CEE capitals recorded a minimal increase over H1 2024 and stood at 11.6%, against 11.5% in Q4 2023. Muted construction activity will push the overall vacancy rate downwards in the mid-term. A decrease in availability will be more prominent in the prime market segment as occupiers follow „fly to quality” trend. JLL experts, in cooperation with iO Partners, present an analysis of the trends observed in the office market in Poland against the background of countries in the CEE region.

Quadra Underwriting announced the appointment of Andrew Jackson as the new Business Development Director and Shareholder. He is to accelerate the company's plans for European expansion.

"Airbnb is a housing issue, not a tourism issue, so that's not how we approach it," said Márton Nagy, Hungary's Economy Minister at a press conference on Tuesday. He stressed that they can agree with Alexandra Szentkirályi, president of Fidesz-KDNP in Budapest, who had said earlier that whatever the decision, she would propose to the government to introduce corresponding rules in Budapest and nationally.

Geosan Development is launching sales in the Re.Start Petynka apartment building in Prague 6 near Břevnov and Hradčany. The estimated start date for construction is the beginning of 2025.

The Q5 Gallery has been a new addition to the Mešice art hub located on the outskirts of Prague. The event and conference space is serving companies located in Q Park Měšice in a non-traditional industrial environment.