According to Cushman & Wakefield, with office fit-out costs in Warsaw averaging €1,010 per sqm, the Polish capital came third in the CEE (Central and Eastern Europe) region behind Belgrade (€1,121 per sqm) and Prague (€1,037 per sqm). London takes the top spot in EMEA with an average fit-out cost of €2,798 per sqm.

The level of new completion in Q2 was 115,390 sqm in Greater Budapest and 47,260 sqm in Regional Hungary. HelloParks in Fót marked the largest new completion with 45,350 sqm and VGP Park Győr Beta has expanded by 10,000 sqm, Budapest Research Forum (BRF) reports.

Property company Lion’s Head has appointed Alina Necula as Country Manager for Romania, tasked with managing operations and handling the expansion strategy. 

Strabag will build the first residential building of Speedwell’s mixed-use scheme Paltim in Timișoara and the company has been selected as the general contractor of the project. 

SWM Poland has extended its contract for over 15,500 sqm of warehouse and production space in SEGRO Logistics Park Stryków. The company has been operating in the SEGRO park since 2010 and uses the leased space for the production and storage of advanced SWM films, adhesive tapes, foams, meshes and fibers. The transaction was brokered by the AXI IMMO agency.  

Panattoni has completed the sale of two Polish logistics parks in Lublin and the Silesia West region to a North American private equity investor. The two properties have a combined gross lettable area (GLA) of about 65,000 sqm. The price has not been disclosed.

Square 7 Properties has started the construction of a new retail park in Giurgiu, with a gross lettable area of 7,000 sqm. 

Propetch is far more than buying a gadget to replace humans. It is a disruptive tool to think over the whole value chain in managing commercial properties. No players in this chain can avoid using it properly, says István Rézsó, Head of Business Development at Cushman & Wakefield Hungary.

Investment into European real estate reached €152 billion in the first half of 2022 - the strongest ever first half of a year, according to preliminary data from CBRE.

The largest logistics hall in the Czech Republic will rise near Cheb (in the westernmost region of the country). Accolade and Panattoni are already intensively preparing its construction in the local industrial zone. According to the Industrial Research Forum (IRF), an association of consultancy firms, this is the largest domestic transaction in Q2 2O22, with the pre-lease of logistics space in the area of about 233,700 sqm. The name of the tenant (an unspecified distribution company) has not yet been disclosed by either party. Lucie Mareš Heřmanovská, a spokeswoman for the Accolade company, informed Property Forum about the project.