Rent and maintenance charges are rising, lease periods are being prolonged, and contracts are subject to higher and higher annual indexation of rates. Nevertheless, offices in all markets in Poland still enjoy record-high popularity

A 1,500 sqm mixed-use real estate development is underway in the Sóskúti Ipark Park, located next to the M7 motorway in the Budapest area. 

Bratislava will become the 201st global city to have a skyscraper. It will happen this week while the development of Eurovea Tower will reach the 44th floor and get over the 150 metres level. The total high will be 168 metres and the completion of shell construction should be done by the end of this year, developer J&T Real Estate announced.

Revetas Capital announced a 29% increase in turnovers and an 18% increase in footfall for the first 8 months at Park Center Sofia, Bulgaria, compared to the same period in 2021.

Jürgen Winklbauer, Managing Director of Panattoni Austria talked to Property Forum about the current situation in the Austrian warehouse market, the plausible directions of its development and the growing importance of photovoltaics.

The construction of Park West 3 will start in the second half of 2022. It comprises 230 apartments in the renewed Ferdinánd quarter of the 13th District, and is scheduled for delivery in the first quarter of 2025.

Arvato Supply Chain Solutions Poland has extended its lease agreement for a ​​40,000 sqm of space in Prologis Park Stryków for three more years. The BTS facility is tailored to help Arvato SCS provide customer services for the fashion industry. Colliers facilitated the transaction.

Trei Real Estate GmbH, an international developer and asset holder for residential and retail real estate, just opened another three retail parks of the Vendo Park brand in Poland. The properties are located in Otwock (Masovian voivodeship), Skarżysko-Kamienna (Świętokrzyskie voivodeship) and in Chorzów (Silesian voivodeship). The investment volume adds up to c. €28.4 million.

JRD has announced changes in top management positions. Alexandra Tomášková is now a two-time CEO as she will also lead JRD Development in addition to her position as CEO of JRD Land. The current head of this division, Martin Svoboda, continues to lead JRD Group.

Romanian developer Iulius and its partner Atterbury Europe have secured a financing deal worth €410 million for its national network of shopping centres in four Romanian cities.