Bright Spaces, the Romanian proptech startup, has launched its first international subsidiary in London, as part of its scale up strategy. 

Leading tax advisor Petr Karpeles, Partner at TPA Czech Republic, sees new market players entering the Czech market, in addition to a strong appetite from existing investors for new products. He shared his observations with Property Forum related to the current investment market sentiment based on consultations with clients.

There is currently over 46 million sqm of industrial space in the CEE region, of which one-fifth is in the Czech Republic and the largest part – more than a half – in Poland. There is more than 900 sqm of industrial space per thousand inhabitants in the country. Just 1.6% of the space in Czechia is currently vacant. A record-breaking 1,112,000 sqm is currently under development in the Czech Republic – the highest figure in history. Demand on the part of logistics, distribution and e-commerce companies is growing. Cushman & Wakefield has analysed the trends in the industrial property sector in five Central European countries (Czech Republic, Hungary, Poland, Romania and Slovakia) in 2021.

Cushman & Wakefield has been appointed as the property manager of two Warsaw buildings in HIH Invest Real Estate’s portfolio: Feniks Office Building and Prime Corporate Center.

More than ten thousand Ukrainian refugees have already applied for help at the Temporary Support Centre for Refugees (TOWU) in Turawa Park  (Opole, Poland). Just a few days ago TOWU signed a Memorandum of Cooperation with the Polish branch of the Red Cross.

WAN S.A. sold Pruszkow Logistic Park to EQT Exeter. Avison Young's investment advisory team represented the seller in the disposal process. The price has not been disclosed. The warehouse is situated in a Warsaw sub-urban area sought-after by both investors and tenants.

Ensana hotel group has announced an investment of €9 million in revamping the 4-star Sovata hotel with 168 rooms. 

S Immo has received a request from shareholder CPI Property Group to convene an extraordinary shareholders' meeting. The motion is to resolve the abolishment of the 15 % voting cap set in the Articles of Association of S Immo. In addition, CPI Property Group has announced its intention to make a mandatory offer for all shares in S Immo not held by CPI. At the moment, CPIPG, directly and indirectly, owns a total of 42.6% in S Immo.

Property investments in Romania could exceed €1 billion in 2022 given the high level of activity seen at the start of the year, according to a report by Colliers. Just a few office transactions in advanced stages likely to close this year will total over €600 million.

Over 27,000 new homes are under construction in Bucharest and its surrounding areas, which is the largest number in the modern history of the local residential market, according to real estate consultancy SVN Romania.