MLP Group is embarking on a project to develop its second logistics park within the Łódź urban area. MLP Business Park Łódź will deliver more than 30,000 sqm of city logistics space, some of it designated for light manufacturing. The project will undergo the BREEAM New Construction certification of ‘Excellent’. The first facilities are expected to be available for occupancy by mid-2024.

Half of the hotel investors in CEE already address ESG in their transaction due diligence, and 40% are in the process of including it, says Cushman & Wakefield in their newest report.

Octava Property Trust has sold a development plot for an SBU warehouse project to an Austrian investor. According to real estate advisory firm Savills, engaged in the search for investors in partnership with Avison Young, Warsaw is the fastest-growing warehouse market in Poland. 

Investors in Poland are looking for market opportunities and value-add assets. Companies are optimizing their portfolios by putting up for sale properties that do not fit their new investment strategies, says Walter Herz. 

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. 

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.

KREO, Ghelamco’s newest project in Kraków, has received an occupancy permit. More than 24,000 sqm of office space awaits tenants.

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.

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.

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.