The EU Space Programme Agency (EUSPA) could become the first tenant after the completion of a dilapidated building in the centre of Prague's Palmovka district. The Prague City Council plans to approve the terms of a key contract in June that will kick-start preparations for the completion and ensure the agency moves into the building. Deník E15 reports that Petr Hlaváček, Prague's deputy mayor for territorial development, confirmed the news.

Property developer Plaza Centers is seeking €262.2 million in damages from the Romanian state, alleging that it recorded massive losses from the Casa Radio project in Bucharest. The company filed a complaint with the International Centre for Settlement of Investment Disputes (ICSID) in Washington. 

Hotel group Real Estate&Constructii, controlled by David Fattal, has completed the acquisition of Golden Tulip Victoria hotel in Bucharest, according to rhn.ro. 

Accolade Group has signed a €137.5 million (roughly CZK 3.4 billion) loan agreement. Thanks to this, the company will be able to finance the construction of a large multi-storey distribution centre near Kojetín in the Olomouc Region (located in the northeast of the Czech Republic) for the online store Amazon, writes the daily E15.

The vacancy rate in Bucharest’s office market remained flat at 16.5% in the first quarter of 2022, similar to last year, although there is a growing gap between Class A projects and older buildings in areas with lower demand, according to real estate consultancy Colliers. 

Romanian developer Nordis Group has added Daniel Penciuc (left in picture) and Florin Poștoacă as shareholders, each with stakes of 5% in Nordis Management. Following the move, the group’s number of shareholders rose to six. 

Kuehne+Nagel Global Services has leased 9,000 square meters at the Airport City Belgrade Business Park, in a transaction brokered by the consulting company Coreside Savills.

Panattoni is planning to deliver a complex of almost 70,000 sqm just 10 km from the centre of the city. A leading provider of modern logistics services in Poland is its first tenant, leasing around 9,000 sqm.

The start of 2022 has seen a marked thaw in the capital's office market following the uncertainties surrounding the COVID-19 pandemic seen throughout 2021. Q1 2022 has trends including a gentle decline in vacancy rates, the second-highest volume of office take-up on record, and increased interest in flexible workspace.

The portfolio brand Form Offices responds to the growing demand for sustainable, flexible and well-designed offices in Poland. Form Offices consists of 4 modern Class A office complexes in Kraków (Tertium, Wadowicka 3, DOT by Form) and Wrocław (Cu Office). The portfolio was acquired in 2021 by Partners Group, a leading global private markets firm, acting on behalf of its clients. REINO Group is the asset manager of the Form Offices and the co-investor within the investment.