Iris office building, located in Warsaw at 9 Cybernetyki Street has been sold by the entity being a part of CPD Group to DL Invest Group. Avison Young brokered the transaction and represented the seller in the disposal process.

Czech development company Logport plans to develop key urban infrastructure in Jinočany near Prague. The first project of the company there will be the commercial and industrial complex Logport Prague West which should be completed in one year, the company announced.

Hungarian residential developer Cordia, a subsidiary of Futureal Group, will soon launch a new large-scale district renewal development in Budapest. 

The PRS market accounts for a mere 1% of all rental flats in Poland. Despite being in its infancy, it is likely to become a strong investment alternative and gain popularity in light of the current macroeconomic conditions and challenges facing the housing sector. The latest report prepared by experts of CRIDO and Savills looks at what’s next for this commercial real estate sector in the coming years and legal and tax issues that an investor needs to take into account in investment planning.

The courier, express and postal (CEP) parcel market in Poland has been enjoying continuous, double-digit growth for several years, and its value has already exceeded PLN 17 billion, according to the latest "Polish CEP Report 2022", prepa­red by Last Mile Experts, 7R and Cushman & Wakefield. Among the factors that most significantly influence the development of the last mile supply segment, experts point to the dynamic growth of the e-commerce sector, which has become one of the key purchasing channels for consumers and deter­mines the increase in demand for this type of service.

Panattoni has begun building work on Panattoni Park Szczecin IV, which is to comprise 40,000 sqm. The project’s space has already been leased out to a furniture company from the TSL sector. 

LCP Group has received a building permit for another retail park in Rawa Mazowiecka. This is the second project of this type of there owned by the company.

There are already a lot of long-term plans for rebuilding the country and revitalizing its cities, but businesses face day-to-day challenges. The office market suffered the most but retail is relatively healthy in the Western part of the country, experts informed at a special panel dedicated to the future rebuilding of Ukraine at CEE Property Forum 2022 in Vienna. 

PINK has published figures on office market in Warsaw for Q3 2022. The data is sourced from advisory companies from the commercial real estate sector (BNP Paribas Real Estate, CBRE, Colliers, Cushman&Wakefield, JLL, Knight Frank, Newmark, Savills) and includes information on modern office stock, new completions, take-up volumes and vacancy rates.

While prior to the pandemic, as many as 76% of organisations employed people to work exclusively in the office, only 24% of organisations surveyed by Colliers say they will adopt the same hiring strategy in the future. With this significant change, we are seeing new developments in the labour market – employees’ expectations towards employers are changing, as well as the way office space is designed, which today must meet the needs of a hybrid workforce. The Colliers report Hybrid and Beyond, prepared in association with partners HRK S.A. and Well.hr, shows the most important aspects of implementing hybrid work in companies operating in the Polish market.