Three Czech CPI Property Group (CPIPG) buildings that recently became part of the group portfolio were awarded LEED international environmental certification. Savills carried out the certification of all three buildings and supported the client in all aspects of the process, CPI PG announced.

Construction of the Római Part residential park by Hungarian developer WING’s umbrella brand Living is already underway just off the riverbank of the Danube in Budapest. The 257-unit complex is the closest residential development of this size to the river.

Indotek Group’s first large-scale residential project in Budapest, Buda Bright, was launched in March 2021 and is planned to be handed over at the end of next year. 

Architecture and design studio Obermeyer Helika has completed the documentation for a building permit for its latest residential building, Semerínka. The project, which is expected to start building in Prague 5 in 2023, will include not only apartments and garage parking but also a community garden, Obermeyer Helika announced today.

LCP Properties has recently opened two M Park retail parks. The projects in Rawa Mazowiecka and Lubawa have joined the investment group's property portfolio.

Develia has signed a joint venture agreement with Hillwood. As part of the agreement, a special-purpose vehicle will be created to develop a logistics park with a minimum area of 400,000 sqm GLA on a property located in Malin near Wrocław. The estimated value of the entire project will exceed PLN 1.5 billion.

The Warsaw office market registered a minor uptick in the vacancy rate and a constrained development pipeline during the third quarter of 2022, reveals real estate advisory firm Newmark Polska in its latest report.

Romanian developer One United Properties says it will reconvert one of the office buildings in One North Gate into residential units under the One North Lofts brand. 

Property Forum sat down with Piotr Trzciński, Head of Poland and Andrew Allen, Global Head of Research, Product Strategy and Development at Savills Investment Management, to talk about the company’s investment strategy in Europe and Poland in particular. They also talked about Savills IM’s ambition to become net zero by 2040 and the way ESG is shaping future developments in the European commercial real estate sector.

Interest in office space in Prague is not slowing down. Office demand is growing by tens of percents year-on-year, the vacancy rate is slightly decreasing and over 190,000 sqm is under construction, according to the latest office market analysis for Q3 2022 by the Prague Research Forum.