Upward pressure on rental rates and rising construction costs on the one hand and a growing focus on ESG and repositioning of commercial buildings on the other. Faced with the current pace of change in the real estate market, many investors are looking at 2023 with a degree of uncertainty. Are there any reasons to be fearful? And how will the economic slowdown shape trends and sentiments in each real estate sector in the short term? Cushman & Wakefield answers these questions and more in the fourth edition of its "Trends Radar" report, which presents forecasts and potential development trends for the Polish real estate market.

The biggest company in Hungary got rid of its outdated office complex for HUF 6.3 billion in November last year, investigative news site K-Monitor reports. 

Accolade received a long-term financing for the 5 industrial parks in Poland: Gorzów Wielkopolski, Szczecin Załom (West), Szczecin Kniewska, Częstochowa and Kielce. The €129 million refinancing loan was delivered by its new financing partner Helaba. 

Obermeyer Helika, one of the largest Czech engineering and construction consulting companies, is expanding its management. In the second week of January, the company appointed Jiri Kos as its new Chief Commercial Officer. 

Property developer Speedwell has secured financing from Alpha Bank Romania for SpacePlus, its first industrial development located in north-western Bucharest. 

Romanian developer Alsin Management will invest €40 million in a new residential complex based in Pipera, northern Bucharest. 

This is the first shopping centre in Hungary to be given such an award in the construction phase. The property, developed by the Hungarian company Futureal was opened in late 2021. 

The volume of land sales for commercial real estate projects in Romania (excluding for traditional industrial and logistics projects) reached around €450 million in 2022, down from almost €800 million euros a year earlier, according to estimates by real estate consultancy Colliers. 

Another skyscraper will be added to Bratislava's skyline. DRFG Investment Group will build the multi-functional Ister Tower complex in cooperation with local developer The Galata Group. The €249.5 million project will be located in the city centre near other high-rise buildings such as Sky Park, Eurovea Tower and Nivi Tower. Construction of the new skyscraper is expected to begin in 2024, DRFG said. 

Saint-Gobain Sekurit, a manufacturer of car glass and solutions for the automotive market, has leased 21,300 sqm in CTPark Iłowa located in the Lubuskie voivodeship in Poland. The company will move into the largest building of the complex (110,000 sqm), in which it will conduct production and warehouse operations.