News Office development activity in Warsaw slows down sharply
26
Oct
2023

Office development activity in Warsaw slows down sharply

by Property Forum
Cushman & Wakefield has released a summary of office market conditions in Warsaw. This year’s development activity is expected to fall to its lowest in nearly 25 years amid a record number of leases, falling vacancy rates and the continued upward pressure on rental growth. 
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News Joanna Sinkiewicz to manage commercialization for Accolade
26
Oct
2023

Joanna Sinkiewicz to manage commercialization for Accolade

by Property Forum
Accolade has expanded its management team with the addition of a new director responsible for the commercialisation of the entire group's portfolio. Joanna Sinkiewicz brings over 16 years of property industry experience and will be responsible for achieving the company's strategic goals.
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News KREO in Kraków secures occupancy permit
26
Oct
2023

KREO in Kraków secures occupancy permit

by Property Forum
KREO, Ghelamco’s newest project in Kraków, has received an occupancy permit. More than 24,000 sqm of office space awaits tenants.
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News Futureal acquires Lipowy Office Park in Warsaw
26
Oct
2023

Futureal acquires Lipowy Office Park in Warsaw

by Property Forum
Futureal has announced the acquisition of the Lipowy Office Park complex in Warsaw. In alignment with its strategy, the company plans to reposition the development by transforming it into a sustainable, human-centric, and modern office building. Linklaters has advised the seller on the transaction.
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News Automotive drives 10-year industrial demand in Romania
26
Oct
2023

Automotive drives 10-year industrial demand in Romania

by Property Forum
The automotive industry had a share of 56% of the total demand for production spaces in industrial projects between 2013 and H1 2023, according to CBRE data.
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News Hungary's office market remains price-sensitive
26
Oct
2023

Hungary's office market remains price-sensitive

by Property Forum
Hungary's office market has slowed down, tenants are more cautious. Sadly, it often results in drawn-out decision-making as tenants focus on safe solutions, fearing the unpredictability of the future. In consequence, there are more renewals and fewer relocations. However, demand for experienced advisors providing high-added value is ever-growing, as the alternative – rectifying a poor lease contract after it is signed – is difficult and expensive, says Valter Kalaus, Managing Partner of Newmark VLK Hungary.
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News Investors look to diversify in CEE markets
26
Oct
2023

Investors look to diversify in CEE markets

by Property Forum
Real estate investments continue despite the slowdown of the economy, with offices and industrial mentioned as some of the segments seeing increased demand and higher deal volumes, concluded speakers of the 2024 outlook panel hosted at the SEE Property Forum 2023 conference in Bucharest.
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News UBM sells timber building in Prague to local fund
25
Oct
2023

UBM sells timber building in Prague to local fund

by Property Forum
UBM Development Czechia has sold an apartment building in the Timber Praha residential project to the real estate investment fund Future X1. Building M in the Timber Praha project, which represents the first multi-storey apartment building made of wood in the capital city, comprises 15 apartments with layouts from 1 + kk to 4 + kk and sizes ranging from 39 sqm to 110 sqm. The price of the transaction was not disclosed. 
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News SEE investment volumes drop in Q3 2023
25
Oct
2023

SEE investment volumes drop in Q3 2023

by Property Forum
The third quarter of the year has slowed down in terms of investment activity in comparison with the previous quarter. Namely, the most sought-after segments have been office schemes and retail parks. Both domestic and foreign investors have been active, with a slightly higher provision of international capital since the beginning of the year, CBRE SEE reports.
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News Czech Post to sell building in city centre for €62.3 million
25
Oct
2023

Czech Post to sell building in city centre for €62.3 million

by Property Forum
The Czech Post (Česká pošta) has announced a tender for the main post office building at the corner of Politických vězňů and Jindřišská streets in Prague. The asking price is CZK 1.538 billion (€62.3 million) excluding VAT. The tender was preceded by an offer of the building to state institutions, which was not taken up. This is according to information from the Czech Post on its website, the ČTK news agency reports. 
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Latest news


New leases

  • The largest retail chain in Poland offering RTV/AGD equipment has leased over 4,200 sq m of modern space in the MLP Poznań logistics centre. Media Expert will start operating in the new location in July 2025. The company was advised by Cushman & Wakefield in the leasing process
  • Supeco, the discount format operated by the Carrefour Group, will open a new store spanning 1,300 sqm in FunShop Park Ploiești starting Q3 2025. With this new lease deal, Scallier’s retail project is now almost fully occupied.
  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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