While the investment volume will cool this year after the record of transactions worth €‎1.25 billion that was closed in 2022, Romania will remain on the radar of investors throughout 2023, with some trends set to shape the development. CBRE Romania has published a report summarising the driving forces for the local industry this year.

Futureal Development and Futureal Investment Partners will join their efforts to increase green investments in a pan-European platform.

While around 100,000 sqm of new office space is expected in Bucharest this year, no new project is slated for delivery in 2024 which would move the city into a landlord’s office market, according to Colliers. 

Last year MLP Group recorded very good results as regards contracts signed with tenants. During the period, the Polish developer of logistics facilities leased in approximately 240,000 sqm of space. The largest number of contracts were signed at the MLP Pruszków II park near Warsaw and MLP Poznań West. This year the level of commercialisation is planned to go up by about 20%.

The World Green Building Council (WorldGBC), the coalition representing over 5,000 organizations from across the building value chain, has asked Members of the European Parliament (MEPs) to back amendments to the Energy Performance of Building Directive (EPBD) designed to accelerate building renovation and to address total lifecycle emissions of buildings. 

A syndicate of four banks granted HB Reavis a loan for refinancing the Varso Place project, a mixed-use scheme in central Warsaw. The total amount of €475 million makes it the largest non-portfolio loan in the history of the commercial real estate market in Poland and one of the biggest in Central and Eastern Europe. The last stage of Varso Place, Varso Tower, was delivered in 2022.

The new facility in the HelloParks Fót industrial and logistics centre will serve the needs of the global film industry, investor Virtual Europe Group (VEG) reports.

Property developer Speedwell says it will be installing photovoltaic panels on two of its office projects in Bucharest and Cluj-Napoca in a bid to make its building more sustainable. 

A new inner city warehouse, Gdynia City Logistics, will be built in Gdynia on Północna Street, just 9 km from the city centre, less than 30 minutes drive from the airport and 10 minutes from Gdynia Port. Torus, as part of the diversification of its operations under the name Torus Logistics and in cooperation with BTV Real Estate, has just received a decision on land development conditions.

Building warehouses at post-industrial sites is more difficult and complicated than greenfield projects. It takes more time and money. Brownfield sites are, however, an excellent alternative for developers facing a shortage of land. Brownfield redevelopment is also aligned with sustainability and urban renewal, say Jakub Kurek, Head of Industrial and Warehouse, Newmark Polska, and Michał Rafałowicz, Regional Director, Newmark Polska.