Transactions of new office rental, relocation and pre-rental in Romania’s regional cities reached 70,393 sqm during 2022, which was 22% more than in 2021. Almost 90% of the lease deals were closed in cities that are university centres such as Iași, Cluj-Napoca and Timișoara,  according to a report by Fortim Trusted Advisors.

The latest EBI Construction Activity Report, prepared by Eltinga, Buildecon, and iBuild, has found that after the weak Q3 2022, Q4 2022 saw a slight nominal expansion in activity-start in Hungarian construction. The value of started construction works was still very low; between October and December 2022 they totalled roughly HUF 650 billion.

CEE-based media and event platform Property Forum has launched a news portal, green-forum.eu, publishing stories on the topic of ESG with a geographical focus on Central and Eastern Europe. Designed to bring you the latest news and information from around the region in real-time, Green Forum’s goal is to provide its readers with the most accurate, up-to-date and unbiased news possible.

As for the whole of 2022, the annual new supply of office space represents approximately 75,400 sqm. Although the annual supply of newly-completed space increased by 34% year-on-year, total volume was again below the long-term average of approximately 130,000 sqm per year. 2023 is expected to bring about some changes and more extensive construction. This means the Prague office market should grow to the 4 million sqm mark by 2025. Also at the close of 2022, several consecutive quarters of rent price growth came to a halt. These findings come from a survey by Colliers.

MLP Group has signed a new agreement with Santander Bank Polska. The bank has provided it with financing of more than €19 million and PLN 4 million. The funds will be used to refinance the existing warehouse facilities and finance the construction of new warehouse facilities within the MLP Łódź logistics park. The Kycia Legal law firm advised on the transaction.

1 Asset Management and Solida Capital have announced a new PBSA (Purpose Built Student Accommodation) project in Warsaw. 1 Asset Management will be acting as the lead investor and asset manager, while Solida Capital Team will act as the main developer and minority investor

Savills Investment Management has signed a lease extension at Park Szczecin Trzebusz with Carlsberg Supply Company Polska S.A., a member of one of the world’s largest brewers, Carlsberg Group. Carlsberg decided to continue leasing almost 15,000 sqm of warehouse space at the facility.

MDC2 Park Kraków South is a three-building distribution and logistics development with a planned total GLA of over 90,000 on a site of 19 ha. The project is located in Skawina, 13 km away from Kraków city centre and less than 2 km from the junction with the A4 Motorway.

Investors in Poland are looking for projects that can ensure a good profit. Will we soon see a flood of investments based on changing the function of existing real estate on developed land? Piotr Szymoński, Director at Walter Herz tries to answer that question. 

Real Management S.A. has finalised the purchase of a development plot in Łubna, on the DK79 road connecting Warsaw, Piaseczno and Góra Kalwaria. The 13.3-hectare plot will be used for the Good Point IV project, a modern manufacturing and industrial facility offering a total of 50,000+ sqm of top-quality warehousing space with office facilities for lease.