Inflation is putting pressure on developers to increase rents. Luckily, in some markets, such as the Czech logistics market, buoyant demand is helping drive rental growth. Jakub Kodr, Head of Business Development at CTP Czech Republic talked to Property Forum about the company’s expansion plans, dealing with inflation and changing demand dynamics.

Skanska has sold the Nowy Rynek D office building in Poznań, Poland, to Eastnine AB, a Swedish real estate company focused on modern and sustainable office and logistics properties. The project is designed and built-in line with environmental, social and governance (ESG) principles. It is the first transaction between the two parties in Central and Eastern Europe (CEE).

Between the pandemic, the war, rising prices and increasingly frequent warnings of recession — these are the conditions in which the retail sector operated in the first quarter of 2022. The authors of the cyclical report from BNP Paribas Real Estate Poland point out, among others: continued strengthening of the position of discount store chains and growing interest in facilities with a high potential for modernization, expansion and repositioning.

From now on property management, renting and legal services at CPI Hungary are performed by the employees of the company in all retail portfolios.

The entire development cost of logistics projects is increasing substantially and it will continue to do so, says Robert Dobrzycki, CEO & Co-Owner of Panattoni. He talked to Property Forum at MIPIM about uncertainties and the dynamic growth of the logistics sector in CEE.

Catella has agreed to acquire 65% of Warsaw Property Partners (WPP) for a price of approximately SEK 40 million. The company is an independent real estate investment, asset, and development management company, operating exclusively in the Polish market with a broad offering to support investment strategies of clients. WPP has assets under management of nearly SEK 2 billion and 18 employees.

Colliers has taken over the management of three warehouse complexes with a total area of almost 180,000 sqm: City Point Targówek, Logistics Point Piaseczno and Logistics Point Raszyn. Their Investment Manager is Peakside Capital. 

The beginning of 2022 has brought changes to the local and global economic picture, which have also affected the behaviour of Polish consumers and Poland’s retail market. This has resulted in a further increase in the popularity of necessities and the continued popularity of convenience centres. However, retail growth is recorded by all formats including shopping centres, which augurs well for the rest of the year, reports the latest JLL report Retail Market in Poland – Q1 2022.

Asking prices for apartments in Romania rose by an average of 3.2% to €1,707 per sqm in April compared to the previous month, while on a 12-month basis prices expanded by 22.3%, according to a report by Imobiliare.ro platform. 

More than 50% of the industrial and logistics projects under construction in Romania are already pre-leased with leasing activity in Q1 2021 rising by 50% to over 300,000 sqm compared to the same quarter of 2021, according to a report by Cushman & Wakefield Echinox.