Even though the increase in the amount of new office space in Prague in Q3 2022 was the lowest so far this year and no new construction even began, according to Colliers, there is no need to worry about a lack of offices. In the coming months, developers plan to start speculative construction of approximately 126,600 sqm in new space. Despite original assumptions, the office vacancy rate in Prague, unlike in neighbouring markets, is decreasing and has reached 8.1%. Gross realised demand for 137,700 sqm was the highest level so far in 2022, reported Colliers in their regular quarterly market survey.

The investment groups Progresus and Halcyon have entered a strategic collaboration with the German firm GARBE Industrial Real Estate CEE. The first joint project will be the construction of an industrial hall in the Czech town of Klášterec nad Ohří covering 20,815 square metres of floorspace and valued at approximately €30 million.

The Czech Republic is among the top ten manufacturing destinations worldwide and has the third lowest risk profile. In a ranking of countries with the best conditions for the manufacturing sector, Czechia stands in eighth place and remains at the top of the list of countries whose manufacturing sector is thriving. Cushman & Wakefield reports.

Panattoni is completing a 13,000 sqm development for Habasit, a leading manufacturer and supplier of conveyor solutions, conveyor belts and drive belts for the manufacturing sector. The company will consolidate two locations within Panattoni Park Czeladź V in the Silesian region as early as January 2023 and plans to expand within the park in the future. Newmark Polska, a consulting firm, represented the tenant in the location search and negotiation process.

Savills has presented a preliminary summary of 2022 and predicted key trends for the coming months. The commercial property market in Poland is facing uncertainty and rising prices but remains underpinned by strong fundamentals, which bodes well for the future, reveals Savills.

For a long time, the logistics and industrial market in Croatia has been overlooked by real estate developers, despite the country’s strategic geographical position, proximity to major European markets and developed, high-quality road network, as well as direct access to sea routes. Recent project completions and commencements, with a strong pipeline and the arrival of international developers, suggest that winds are changing, and Croatia could become a very attractive logistics market.

The latest plans of YIT include residential construction outside of Prague. The company plans to gradually build 800 apartments on the outskirts of Kladno within 12 years, e15.cz reports.

Venture capital fund eMan Innovations has announced its new investment in smart modular homes. It is entering Juooh with a 45% stake and intends to further expand its portfolio in the energy sector.

MLP Group has successfully carried out a public offering of Series F shares by way of a private placement, directed exclusively to qualified investors and investors subscribing for shares worth no less than the equivalent of €100,000. Based on an accelerated bookbuild process, the issue price of Series F shares was set at PLN 70.

Mega Mall, the shopping centre in Bucharest owned by NEPI Rockcastle, will be expanded with new stores and a residential component that will include around 180 apartments.