GLP announced that Mastermedia, a leader in Polish food exports, has expanded its lease at GLP Poznań Airport Logistics Centre by an additional 11,840 sqm. As a result, Mastermedia has become the largest tenant at the logistics park, where it will now occupy a total of 28,775 sqm.

Hungarian developer Defactoring Zrt. has announced the start of the construction of the next phase of the logistics project in Biatorbágy in the suburbs of Budapest. The handover is scheduled for next summer.

The interest rate side will be a definitive factor for investments going forward, while investors that have a strong equity base will have more opportunities to snap projects next year, concluded speakers in the opening panel of CEE Property Forum 2023, held in Vienna.

Kaufland intends to significantly reduce CO2 emissions in the future in the construction of new stores. Therefore, the retailer is currently testing various alternatives to materials such as concrete and steel at pilot locations. In Bratislava, the company is opening the largest timber store in Slovakia. In Tuttlingen, Baden-Württemberg, a store is being built using recycled building materials including items such as walls, the facade, and the parking lot.

FLE has successfully signed and closed the acquisition of the ca. 12,500 sqm DAFA warehouse and light production facility in Natolin (Grodzisk Mazowiecki Region), located in Warsaw logistic Zone II. The transaction was construed as a sale and long-term lease back. The price has not been disclosed. 

Romanian property holding Meta Estate Trust has sold its 40% stake in Redport Properties, the developer of The Level Apartments project in Bucharest, for more than €2.7 million. Additionally, the holding has decided to gradually reinvest €2 million by acquiring 10% of Redport Capital for future developments.

Property Forum published the results of its investment market sentiment survey at CEE Property Forum 2023 in Vienna yesterday. The results, providing an overview of market expectations across the region, are now available online.

Industrial manufacturer giant JABIL expands its warehouse and production capacity in Hungary. The firm will get an extended production site at the regional city of Tiszaújváros in the Eastern part of the country. The large facility is being developed by the Hungarian company Infogroup.

Thirty interested parties are bidding for the Jindřiška Tower in the centre of Prague, which was offered for sale by the Prague Archbishopric at the end of last year. The Prague City Council has also submitted an offer. The price is expected to be €4.09 million. The archbishopric also decided to sell the Clara Futura hotel in Dolní Břežany for €12.6 million to the investment fund Investika, writes the Czech Press Agency ČTK.

TFG Asset Management, a company providing services to the owner of the building - GNT Ventures Gdańsk, has chosen Walter Herz as sole agent for the lease of space in CUBE Office Park complex, located at Pałubickiego Street in Gdańsk. The cooperation includes the commercialization of office buildings offering a total leasable area of over 19.7 thousand sqm.