Bydgoszcz Logistics Centre will continue to lease 45,000 sqm of warehouse space to leading grocery chain Kaufland. During the renegotiation of the lease conditions, CBRE Investment Management, the owner of the complex, was represented by Cushman & Wakefield.

2022 was a good, strong year in Poland's office market. After a downturn, it was time for a long-awaited boom in demand. Companies have adapted to new working conditions. Due to the loosening of restrictions related to the Covid-19 pandemic, they have launched a campaign to encourage people to return to their offices. On the other hand, we will see lower development activity in both Warsaw and regional office markets in the coming quarters, which should last until 2024. AXI IMMO summarised 2022 on the Polish office market.

The modern office stock in regional Romanian cities is set to reach around 1.3 million sqm in the next five years if the planned projects spanning 275,000 sqm will be delivered in this period, according to a report by real estate consultancy Cushman & Wakefield Echinox. 

Focus Estate Fund has announced the extension of Turawa Park in Opole. The retail park concept will offer a shopping experience with an emphasis on convenience, accessibility, and a unique mix of merchandise.

Speedwell has purchased a land plot of 14 hectares in Corbeanca locality, close to northern Bucharest, for a new residential development that will feature 210 villas. 

Brno-based developer Domoplan will start to build over 400 flats in a new residential area in Brno next year. The Brixx project will offer housing for around 1,000 people and will cost around €169 million, the developer announced, according to a report by ČTK.

Growing e-commerce facilitates increased investment in fulfilment services and generates more specialized logistics centres to build. Hungarian company Boxy Zrt. takes advantage of this, and now Property Forum asked András Táncsics, CEO of the company to elaborate on the plans for expansion in Hungary.

NEPI Rockcastle, the biggest owner and developer of shopping centres in CEE by market value, said its net operating income soared by 17% to a record of €405 million compared to 2021 over strong tenant turnover and base rental growth.

VGP completed the construction of its largest site in Northern Bohemia. VGP Park Hrádek nad Nisou comprises five halls with a total lettable area of more than 122,000 sqm. All the halls were tailor-made for a single tenant – Drylock Technologies, a global manufacturer of baby diapers and hygiene products, VGP announced.

Romanian developer Prima Development Group has obtained a loan of €16.8 million from Libra Bank for the first phase of a new residential complex in Bucharest.