Waldemar Wasiluk, Vice-President of the Management Board and CFO of Victoria Dom, one of the largest residential developers in Poland, talked to Property Forum about the current difficult situation in the market, the interest of the PRS investment funds and the cautious approach of financing entities.

Demand for Warsaw offices remains at the level we saw during the market boom, despite the fact that many tenants are optimizing their floor space, says Walter Herz.

Panattoni has purchased just under 35 hectares of land and is to start construction work as soon as February this year. Panattoni Park Poznań A2 is to have a build-out area of almost 150,000 sqm. The development is to be situated near a junction on the A2, where the motorway crosses the S11 expressway. One building with an area of 82,000 sqm is to be occupied by a giant of the clothing industry while the remaining 62,000 sqm is being developed speculatively.

The office market in Bucharest could start to see a mode generalized increase in rents due to a limited volume of deliveries slated for 2023 and a limited vacancy rate for modern buildings, predict experts of Colliers. 

Develia S.A. signed a PSPA (preliminary sale agreement) with an entity from Adventum Group for Wola Retro, a prime office building located in Warsaw. The price agreed is ca. €69.8 million. Closing is expected by the end of April 2023.

Saying goodbye to 2022 means welcoming a year of uncertainty for the fourth time in a row. Two pandemic years, war in Ukraine, historically high inflation and the upcoming spectre of recession have forced the Polish investment market to cope with tough times, says Avison Young Poland

The Hungarian property company is bolstering its sustainability efforts by entering an agreement with the fast-growing Norwegian Proptech company Varig Technologies.

This is the first luxurious residential real estate project of the Hungarian developer in Spain. At the same time, the company announced a second project on the Costa del Sol.

As of Q4 2022 in the Czech industrial market, the extremely low vacancy of around 1% persists. The share of speculative construction has grown to 40% and the modern, developer-led warehouse stock reached almost 10.8 million sqm, so experts expect that it will surpass 11 million sqm by the end of Q1 2023, the Industrial Research Forum announced in their report.

In 2021, Cushman & Wakefield Prague established a dedicated Residential Valuation & Advisory capability, in response to the growing demand for specialist services in the Czech residential market. In line with the further development of this service offer, the firm is delighted to announce Erik Müller as Head of the Residential Advisory Services team. Erik brings together a background in the operation of rental residential products, data analysis and residential appraisal, Cushman & Wakefield announced.