Scott.Weber Workspace is expanding its coworking premises entering new buildings in Prague, Ostrava and Brno and opening 16,500 sqm of new offices for more than 2,000 people.

Costin Nistor, Managing Director of Fortim Trusted Advisors, spoke with Property Forum about the agency’s goal to achieve at least 20% growth in 2024 after launching new business lines and focusing on segments with development potential in the commercial and residential areas.

Real estate investment transactions in the Romanian commercial real estate sector totaled €419 million in H1 2024 and could reach around €700 million by the end of the year, surpassing 2023 levels, according to an analysis by Colliers.

The building use approval of the first stage of the Vydrica district in Bratislava is approaching, and the construction of the Vydrica Offices building is also progressing. The building has already reached its full height.

The permitting process has started for the first urban rental housing projects that PDS (Prague Development Company) is preparing for the capital city. Before the end of June 2024, PDS has submitted complete documentation and applications for building permits or zoning decisions for approximately 450 housing units.

Vectr Realty, a subsidiary of Vectr Holdings, has purchased The Landmark office project in Bucharest from Revetas Capital and affiliates of Cerberus Capital Management for an undisclosed sum.

Edvin Properties is a newcomer to the Slovak real estate market. Its project of Mýtna 37 apartment building in Bratislava's Old Town has received a binding opinion from the capital, rather fast - within six months. 

Panattoni has launched construction work on a new centre – Panattoni Park Bieruń I. The project has an area of almost 20,000 sqm and is located near to Silesia’s main transport arteries. Already, the first tenant has been found for the centre – Sport-Shop.pl, which will occupy 13,000 sqm. The construction work is scheduled for completion in February 2025.

Hauser, a refrigeration furniture and technology supplier, has leased new premises in Garbe Park České Budějovice. Development company Garbe is now arranging a permit for customising spaces for the client. 

The debt markets in Europe remain resilient. An extensive survey by CBRE among 130 companies shows that the lending environment is on a solid footing for when investment activity starts to pick up in the second half of 2024. Nearly two-thirds of respondents expect a recovery compared to last year with refinancing being the main source of demand. Industrial and multifamily are the preferred sectors for lending, with student accommodation and hotels seeing the strongest increase in demand.