GTC Bulgaria is welcoming a new tenant on board – fast-growing software company Gtmhub, which will lease 1,700 sqm in Advance Business Centre I. Moreover, one of GTC’s anchor tenants extended the lease in Mall of Sofia Tower for another five years.

Industrial developer CTP will expand its project in Craiova with a new warehouse of 13,500 sqm that has been fully leased. Following the new investment slated for completion by the end of 2022, the total leasable surface will climb to 53,500 sqm.

Monia Dobrescu, Partner, Mușat & Asociații spoke to Property Forum about the financing environment for the real estate sector in the context of the crisis in Ukraine and the law firm’s development plans for this year. The uniform application of the regulatory acts in the field is an issue that has an impact on players in the real estate market, and progress is being made in this area, Monia adds.

In 2022, Expo Real is organizing a networking and information pavilion with 132 sqm dedicated to Ukraine, its cities, real estate players and projects.

Romanian developer Iulius has opened its first convenience retail project in Miroslava locality, near Iași, following an investment of around €12 million.  

Occupier activity in the Warsaw office market remained relatively strong throughout the second quarter of 2022, while office availability continued to decrease further, pointing to a continued downward trend in vacancy rates, reveals Newmark Polska in its latest report.

The real estate fund NEMO, founded by the real estate group Českomoravská Nemovitostní three years ago, enlarged its portfolio to a total value of over CZK 3 billion. The new acquisition is the Corso Karlín office complex in Prague 8, the fund announced today.

Panattoni is developing its latest project tailored for a global brand. A leading global logistics company is to operate on 32,000 sqm of the BTO facility, which is being built in Robakowo near Poznań. Construction work started in May, and in late 2022 or early 2023, the client will gain access to the property. Over 20,000 sqm of the space is designated for the automatic sorting of parcels. The project is to be BREEAM certified and will feature, among others, a 900 kWp solar farm and a heat pump.

The resources of the PRS sector in Poland are growing. Last year, almost one in five apartments was built for institutional lease, which also had a significant impact on developers' results. According to Walter Herz, in 2021, investments in portfolios of residential for rent in Poland amounted to approximately €725 million. There are already almost 8,000 units on the Polish market offered in the PRS segment and other several tens of thousands of apartments under construction.

After declines in Polish non-residential construction in 2020 and 2021, PAB-PCR&F Institute, the Polish member of Euroconstruct, forecasts a growth of over 3% annually in 2022-2024.