The second quarter of 2023 in the Czech Republic was characterized by record industrial construction, with more than 60 percent of it already pre-leased. The vacancy rate rose slowly to the current 1.7 percent, indicating a prevailing market sentiment that sees speculative construction and a recent-record high amount of space under construction, according to the latest analysis by the Industrial Reserch Forum.

Gross demand for office spaces in Bucharest hovered around 164,000 sqm in the first half of 2023, up by 22% compared to the same period of last year, while deliveries of new office buildings will remain on a downward trend by year-end, according to data from iO Partners. 

Cavatina will launch its first residential project in the United States – a 13-story building in downtown Seattle, Washington, made of prefabricated components manufactured in Poland. The project is being developed by Cavatina in collaboration with the internationally renowned architectural firm, Epstein, based in Chicago. Cushman & Wakefield advises the Cavatina Group on matters related to purchasing land.

Panattoni has completed the construction of a production plant in Silesia. The developer has delivered a 21,000 sqm centre to Hager Group, the leading provider of electric installation solutions and services. The factor will primarily be used for the production of electrical safety equipment. 

Property Forum is excited to join as Media Partner a free webinar organised by the Romania Green Building Council on the topic of "Investing in and Developing Successful Green/nZEB Building Projects in Romania". The goal of this interactive session is to both inform and gather useful feedback from real estate professionals on how to best accelerate a successful green economy transition.

Some forms of government support may temporarily ease the current tough conditions for part of the construction sector in Hungary. But companies may not count on outside help only. All have to invest in new technologies and extend their in-house competencies, especially to reach ESG compliance, says Pál Dános MRICS, Associate Partner at KPMG Hungary in an interview with Property Fourm.

Real estate developer Alesonor has inked a deal with Verita International School & Kindergarten for the integration of an educational campus in the Forest residential complex near Bucharest. 

Savills Investment Management has signed an extension agreement with Multidekor S.A. concerning the lease of approx. 23,000 sqm of space at Konotopa Park II logistics centre near Warsaw. The lease has been extended by five years.

Globalworth has signed a contract to sell the Warta Tower office building in Warsaw to a company from the Cornerstone Investment Management platform. The value of the transaction has been set at over €63 million.

The German retailer has secured an 18,000 sqm industrial space in HelloParks Páty, located in the western suburbs of Budapest. The new facility will serve as a regional warehouse centre for the company. DM will move in at the end of November 2023.