Arrow Capital Partners, the specialist investor, developer and manager of real estate in Europe and Asia-Pacific, has acquired the Ożarów Logistics Centre in Poland from CBRE Investment Management for its Strategic Industrial Real Estate (SIRE) joint venture with Cerberus. The price has not been disclosed. Burlington Real Estate acted for Arrow.

H2 2021 saw the highest number of newly commenced apartment constructions in Prague since 2008. The total number of apartments under construction rose to 12,630 units at the end of H2 2021. At the same time, the number of new apartments delivered was the weakest annual result since 2011 as only 3,700 apartments were completed. Still, the interest in buying flats was record-breaking, the best since 2016 and 22% above the 5-year average, says JLL in its Prague residential market report.

Class A offices in Bucharest have some of the cheapest rents compared to other large European cities with strong business centres, according to a report by BNP Paribas Real Estate Alliance members. 

In 2021, despite the disruption of the pandemic, full-year investment volumes in CEE, totalling €11.07 billion, were up by 6% year-on-year but ca. 20% lower than the same period of 2019. Colliers originally estimated that year-end volumes for 2022 could reach in excess of €12.0 billion, however, the war in Ukraine and ongoing pressures on global economics could impact this outlook, says Colliers in its CEE Investment Scene | 2021 - 2022 report.

Revetas, the pan-European real estate investment advisor, has named Daniel Moldenhauer as Senior Partner. He will work closely with Senior Management and the Investor Relations team. 

Developer Trammell Crow Company, a wholly-owned subsidiary of the CBRE Group, has appointed Petr Kovařík as Chief Logistics Officer for the Czech Republic and Slovakia. From TCC's Prague office, Petr will oversee the company's business and strategic development in the local market, as well as the selection, acquisition and financing of large-scale logistics projects in the region.  

Radisson Hotel Group is making a strong commitment to decarbonize its business by setting ambitious emission reduction targets to be net zero by 2050, in line with the SBTi Net-Zero Standard, as the Group releases its 2021 Responsible Business Report.

The greater openness of Czech organisations to employ people with disabilities has begun to accelerate the necessity of adapting work environments to better meet the needs of this population. According to Colliers, a real estate service and investment management company, this demand has multiplied over the past five years partly due to the application of ESG rules.

New York and San Francisco have emerged as the most expensive flexible office markets worldwide, while Berlin is one of the fastest-growing European markets, according to Workthere, a flexible office listing platform launched by Savills, that helps occupiers find flexible workspace.

Echo Investment has had another successful year. The obtained net profit of PLN 189 million mainly results from handing over to customers 1,622 apartments built by Echo Investment, as well as 1,128 apartments of Archicom, an increase in the value of office buildings and stronger performance of the Libero shopping centre.