In its latest study on the CEE hotel market, hotel real estate expert Christie & Co sheds light on how the capital cities of Prague, Bratislava and Budapest developed during the Covid-19 pandemic and which of the three cities emerged the strongest from the crisis.

Real estate investors and developers active in Romania argue that inflation, the increasing financing costs, the geopolitical situation and also the increasing construction costs are the main macroeconomic factors which may impact the Romanian real estate market, as these factors are expected to put pressure both on demand and on the rental levels. However, despite all the above-mentioned issues, investors remain positive and their expansion plans in Romania are mostly intact, according to the first edition of Cushman & Wakefield Echinox's “Real Estate Investors Sentiment Barometer”.

Ana Nekhamkin, Vice President of Real Estate and Projects and Michał Kwinta, City Lead Poland at Mindspace talked to Property Forum about their second office in Warsaw, the development of the flex office sector and the potential effects of high inflation.

Mol Campus, Hungarian oil company Mol's new headquarters, located within the BudaPart mixed-use project and built by Market Építő Zrt., is the highest office building in the country reaching 143 meters and offering 86,000 sqm of office and retail space. 

Iulius Company opened the second Family Market project in the Bucium neighbourhood of Iași. The convenience retail project caters to necessary everyday services and products in the residential area in the residential area which has seen steady development in recent years. A McDonald’s Drive Thru, Auchan supermarket, Sinsay, and another 23 local and national entrepreneurs provide a customised mix of products and services resulting from community consulting.

A new cafe has opened at 58 Krochmalna Street in Warsaw: the Panattoni Cafe. This is the first project of its kind to be opened by warehouse developer Panattoni.

Colliers has taken over the management of more office buildings belonging to a joint venture of Investika realitní fond and Bud Holdings – Łużycka Office Park, and Łużycka Plus located in Gdynia. Thus, six office projects in the Tri-City have already come under the care of Colliers' management. Experts from the company's regional office will additionally be responsible for supporting the owner in the property’s commercialisation.

Mihály Schrancz, the CEO of Hungarian real estate development company Property Market has stepped down. The move was unexpected and no new leader has been announced yet.

Another residential project worth more than a billion crowns (€41 million) is being completed in Prague. This time PSN is building 150 luxury lofts in the former Microna aerospace factory in Prague's Modřany district. The Vanguard project is expected to be completed next year, PSN CEO Max Skala said.

JLL Romania advised Euroest Car, a company specialising in the import and distribution of original car parts, in leasing 9,500 sqm in CTPark Bucharest Chitila, a Class A industrial park owned by CTP Romania in the northwest of Bucharest.