The City of Prague plans to improve conditions for real estate developers by lowering the number of mandatory parking places in residential and office buildings. Thanks to a new legal amendment, they will no longer have to build a mandatory garage space for each apartment. The amendment, which will now be open for 45 days for comments, would help real estate investors and developers, as well as those who want to do extensive reconstruction, writes E15.cz.

GLP has acquired a 60,000 sqm logistics centre in Bieruń from SPM. The seller will lease the building back for another ten years.

In Q3 2022, the volume of new supply in Budapest's office market increased significantly compared to the previous quarter, marking the highest volume since Q2 2020, the Budapest Research Forum (BRF) reports.

ESG is rewriting the rules of office leasing with the attitude of landlords, tenants and service providers gradually changing. During a panel discussion recently organised by CEE-based flex space provider New Work at Science Park in Budapest, market experts discussed the topic in detail.

Developer and owner of semi-industrial and logistics real estate VGP appointed Michal Bujárek (37) as its new Country Manager for Slovakia.

Mitiska REIM has today announced the opening of a new retail park development in the Polish city of Wagrowiec, in joint venture with local partner Karuzela Holding.

Ghelamco Poland has announced the sale of Prochownia Łomianki retail park. The new buyer of the building is the LCP Properties group.

Revetas Capital is converting its office landbank portfolio of approximately 90,000 sqm developable GLA in 3 major cities in Poland into residential, entering the Private Rental Sector. The recapitalization of the portfolio should provide a capacity of up to 2,000 beds. The objective of the conversion is to build an institutional PRS portfolio in major Polish university cities.

VGP, the European company that develops, manages and owns high-quality logistics and semi-industrial real estate, has handed over a 10,000 sqm warehouse building to Boxy Logisztikai Zrt. 

Demand for offices will shrink in the future due to the adoption of hybrid work arrangements, which also helps companies save money, commented speakers of the workplace strategies panel of CEE Property Forum 2022, held in Vienna.