Romanian developer One United Properties has signed a deal with German semiconductors maker Infineon Technologies for the development of a prime office building in northern Bucharest.  

Total investment transactions in Romania’s commercial property sector stood at €62.4 million in Q3 2023, with 32% of the total volume represented by sale-and-leaseback transactions, according to a CBRE report.

Panattoni has completed another production plant in the Kraków region. Technoform, the leading producer of double-glazing components, is to use 9,400 sqm of BTS space. The centre is to serve markets in both Poland and the EU. The development was financed with an €8 million loan from Credit Agricole.

The average office transaction in the first nine months of 2023 stood at 1,810 sqm, which is the highest average of the past four years and close to the level of 1,900 sqm recorded in 2019, according to Cushman & Wakefield data.

Industrial parks should become a powerful driver of the economy and a driving force for the development of the Ukrainian industry and its inclusion in the European system. The state has created the prerequisites for this: in addition to tax incentives, the draft budget for 2024 provides UAH 1 billion (€26 million) for a program to support industrial parks. Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum. She analysed how the segment of industrial parks has received a boost in development despite the war, what is the synergy between the state, business and local communities, and what prevents more active development of this area.

The Antracit development group is expanding its project team and changing its organizational structure. Zuzana Bajgarová has been appointed Director for the Czech Republic and Slovakia. 

A new city area CTZone is under construction in Ostrava, which will be the centre of business opportunities and residential housing. Behind the ambitious project is CTP, which is simultaneously developing several other activities in the Ostrava region. 

On Wednesday the 15th of November (between 8:30 and 14:30) the Belgian Business Chamber (BBC) is organising the annual Real Estate Conference. The Real Estate Conference is an industry event dedicated to the investment market, real estate and construction companies. Property Forum is a Media Partner of the event.

At €3.2 billion for Q1-Q3 2023, CEE investment activity is at a 10+ year low (down 59% year-on-year). The pricing gap between buyers’ and sellers' expectations remains a significant barrier to seeing volumes return to the 5 and 10-year average levels of €10-11 billion. However, real estate fundamentals in CEE remain fairly robust.  Lower levels of vacancy are being recorded and some good levels of rental growth in certain sectors have been noted, reveals Colliers in its latest report.

One of the largest Czech banks, Komerční banka, is selling one of its buildings at 42 Wenceslas Square. However, neither the price of the transaction nor the new owner has been disclosed yet. The transaction was first reported by the online daily newstream.cz.