With profitable sales of non-strategic properties and good progress in the implementation of the development pipeline, CA Immo's operating performance remained stable in the first quarter, seamlessly from the previous quarters. The strong sales result combined with lower indirect costs led to an increase in operating profit of around 6%. In addition, a significant increase in revaluation results helped to more than triple consolidated net income compared with the previous year.

Adam Zvada, CEO of Scott.Weber Workspace in Prague talked to Property Forum about the trends driving the flex workspace market and provided some insight into the company's expansion plans.

A new logistics park will be built in Ziar nad Hronom in central Slovakia by autumn 2023. The developer Contera will construct it here for € 22 million. The first big tenant is already assured too, it will be the electronics wholesaler Fast Plus, writes logistikadnes.sk. 

ELBI, the supplier of low power equipment, has leased 15,000 sqm in P3 Bucharest A1 and will start operating the warehouse in November 2022 following an investment of €3 million.

Property development and investment group Crestyl appointed Alena Líškay Králíková as its ESG manager in May. In her newly created position, she will be responsible for developing and overseeing the company's environmental, social responsibility and corporate governance policies and practices.

The retail park in Pleszewo is a project located at 24 Armii Poznańska Street on the main route from Koszalin to Poznań. The facility was built on an area of over 10,000 sqm and offers 3,548 sq m of GLA. Its tenants are the international network brands known in Poland as well as local companies.

As Head of Workplace Strategy in Poland, Mariola will continue to develop her local team and implement new technologies in such areas as workplace strategy, change management, WELL certification and ESG in response to the growing expectations of clients and the changing business environment. Mariola is a member of Cushman & Wakefield’s sustainability team with key responsibility for WELL certification.

The volume of investment deals in the Polish market of industrial and logistics properties in the first quarter of 2022 was €191 million. And although the current economic situation and the high level of uncertainty related to the war in Ukraine pose new challenges for the logistics sector, in the long term, there will be no significant changes in terms of the volume of demand and supply. However, the growth rate of this part of the market may be lower than in previous years, according to the 7R and Colliers report “Logistics and Industrial Sector: Development Paths from the 2022 Perspective”.

As governments across Europe are ending Covid-related restrictions, business must also redefine their workplace strategies. Forcing people to return to the office full-time after long months of lockdowns might not be the most effective strategy and the idea of a full-time WFH also only works in very specific cases, says flex office provider New Work in its latest analysis.

PPF Real Estate has teamed up with US developer Aventon Companies to enter the US residential market. Together they will build a residential complex with more than 300 residential units in Orlando, Florida by 2023. PPF intends to replicate this model of cooperation in other projects in the US, the company announced.