In the first half of the year, there was a sharp decline in the volume of real estate investments in Poland. Despite the market recovery at the end of summer, the total volume in Q1-Q3 2023 amounted to only €1.7 billion. After the first half of the year with few portfolio transactions, in the third quarter, there were already four - in the warehouse and retail sectors, but none of them exceeded the value of €100 million. Interestingly, despite the turmoil, the Polish investment market welcomed 3 new players this year. Avison Young Poland summarizes the property investment market in Poland in Q3 2023

Polish warehouse developer 7R is implementing a decarbonization plan. This plan aims to reduce the company's carbon footprint by 42% by 2030 and systematically decarbonize individual warehouse projects. At the same time, 7R is joining SBTi and publishing another ESG report.

Property Forum is excited to announce the results of its first biannual investment market sentiment survey focusing on the Romanian market which was conducted ahead of SEE Property Forum 2023. The results, providing an overview of market expectations across sectors, are now available online.

Co-working space provider WeWork, which was once valued at $47 billion, has been forced to file for a Chapter 11 bankruptcy in the US. The filing is set to provide the company with protection from its creditors and landlords as it restructures its vast debts. Based on its latest share price, WeWork is now worth less than $50 million.

Eurovea Tower, the first skyscraper in Bratislava on the Danube embankment, has received usage approval. Construction of Slovakia’s tallest building was led by J&T Real Estate (JTRE) and completed less than four years after obtaining the building permit. Only apartment interiors and common areas need to be finished before properties are handed over in spring 2024, the developer announced. 

M Core is continuing its strategy of developing SBU (Small Business Unit) warehouses under its Multipark brand. The company has recently signed two projects in Poland, in Zabrze and Bydgoszcz. 

There is a high demand for private accommodation in Bucharest, offering students modern and flexible accommodation options, with the current supply covering less than half of the actual requirements, according to Colliers data.

Savills Investment Management has signed two lease agreements at Park Szczecin Trzebusz totalling almost 30,000 sqm. The new tenant of the warehouse centre in Szczecin is Autodoc Logistics. Furthermore, one of the current tenants, Hegen Europe, has decided to expand its space as part of the logistics park within the Savills IM portfolio in Poland.

Alina Turcu has been appointed as the Regional Manager of PlanRadar in Romania. She has previously worked in the sales team of the company locally.

As of 7 November 2023, Swiss Life Select Reality will be managed by Andrea Daňhelová, who was previously Director of Operations, Legal and Compliance. Andrea Daňhelová takes over the management of one of the most important real estate companies on the Czech market from Jaromír Mašek, who has been in charge of the company since its establishment in 2013. Swiss Life Select Reality is a subsidiary of Swiss Life Select.