Developer and owner of semi-industrial and logistics real estate VGP appointed Michal Bujárek (37) as its new Country Manager for Slovakia.

Mitiska REIM has today announced the opening of a new retail park development in the Polish city of Wagrowiec, in joint venture with local partner Karuzela Holding.

Ghelamco Poland has announced the sale of Prochownia Łomianki retail park. The new buyer of the building is the LCP Properties group.

Revetas Capital is converting its office landbank portfolio of approximately 90,000 sqm developable GLA in 3 major cities in Poland into residential, entering the Private Rental Sector. The recapitalization of the portfolio should provide a capacity of up to 2,000 beds. The objective of the conversion is to build an institutional PRS portfolio in major Polish university cities.

VGP, the European company that develops, manages and owns high-quality logistics and semi-industrial real estate, has handed over a 10,000 sqm warehouse building to Boxy Logisztikai Zrt. 

Demand for offices will shrink in the future due to the adoption of hybrid work arrangements, which also helps companies save money, commented speakers of the workplace strategies panel of CEE Property Forum 2022, held in Vienna.

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.