Japanese clothing chain UNIQLO has opened its store in Domy Towarowe Wars Sawa Junior in Warsaw. The two-storey store has been inaugurated on October 27.

Industrial and logistics developer CTP has named Matthias Bitzan as Country Head for operations in Austria. He joins CTP from Austria’s Erste Group Bank where he was head of Commercial Real Estate Clients and responsible for growing the bank’s loan portfolio in Austria and CEE markets over the last decade. 

Romanian developer One United Properties has secured the building permit for One High District, a large-scale premium development with 786 apartments. The gross development value of the project is €154.2 million and delivery is estimated for the end of 2025. 

As service charge budgets are set for 2023, occupiers and landlords with vacancy can expect significant operational cost increases across their real estate portfolios. Property Forum talked to Ryan Wray MRICS, Principal at Avison Young Czech Republic to understand what you can do to make savings and get better value from your budget.

The real estate and construction sector has attracted around €12 billion of foreign direct investments (FDI) in the last ten years, as the share of this economic activity in the overall FDI stock increased to a level of 17.4% at the end of 2021, compared with 9.2% in 2012, according to data from the National Bank of Romania analyzed by real estate consultancy Cushman & Wakefield Echinox. 

Romania is on a course to reach the highest record in history for the industrial segment and the trend will continue next year due to increasing demand from international retailers that are creating hubs in the country, according to CBRE Romania. 

Panattoni has started another large-scale development for the apparel sector. A global market leader has leased 82,000 sqm in Poznań.

Paulina Brzeszkiewicz-Kuczyńska, Research and Data Manager at Avison Young Poland presented the current state of the Polish property investment market. 

Demolition works are now beginning on the site of the City Point Targówek redevelopment project in Warsaw. The existing buildings will be removed and replaced with a multi-tenant logistics complex. Once completed, the park will offer nearly 100,000 sqm of modern warehousing and office space. The first completed buildings will be delivered to tenants in the third quarter of 2023.

Real estate investor-developer Hagag Development Europe has launched H Private, the first investment of the company in the private office niche in Bucharest. In addition, the company has completed the business center - H Private Arghezi, which will be inaugurated at the beginning of next year, following a consolidated investment of around €1.5 million.