VGP has gradually leased over 49,000 sqm of warehouse space in its VGP Park Olomouc to Hella Autotechnik Nova. The first contract was signed last November. It has now signed another contract with the concern for space that is still under construction. The transaction was announced today by VGP.

PSN is expanding its team. Radek Hlaváček has joined PSN as Director of Projects. He will be responsible for managing projects in various stages of preparation and construction, including strategic planning and analysis of investment plans, the company reports.

Yareal announced that it has signed a contract with a general contractor responsible for completing the final stages of its flagship office complex, LIXA. FineTech Construction will build two office buildings with a total area of 29,000 sqm near Daszyński Roundabout. So far, nearly 49,000 sqm of modern offices have already been developed here at LIXA, including the most recently commissioned building C, which will soon be ready to welcome its first tenants. 

P3, an investor and developer of European warehouse facilities, has acquired 29 hectares of land in Kąty Wrocławskie. This newly purchased plot is located near Wrocław, in the Lower Silesia region, one of the most attractive warehouse locations in Poland. Logistics facilities will be built on the site comprising a total area of around 175,000 sqm.

Romanian developer Genesis Property will invest €50 million in the transformation of office complex Novo Park into YUNITY Park, a campus that will include co-working and co-living spaces. The project spanning seven buildings with a leasable area of 75,000 sqm will be completed in the first quarter of 2023. 

Prime rent in the first quarter of 2022 increased again and is in the range of €24.00-24.50 per sqm per month in the city centre. In addition to rents, rising construction prices are still reflected in offers of allowances for office build-outs or other incentives. The Prague Research Forum published the office market figures for Q1 2022.

Serbia’s construction market was booming when the economic and geopolitical situation changed, so the complicating circumstances in the world are stifling the potential growth and slowing down the ongoing recovery. Inflationary pressures have exploded with the start of the war in Ukraine and the effects of the current crisis are still unforeseeable, writes Dejan Krajinović from Beobuild Core d.o.o. for EECFA Serbia.

MNK Partners has appointed real estate advisory firm Savills as property manager for its newly acquired office building NC3.

Negative factors such as the pandemic, uncertainty caused by the conflict in Ukraine and a rapidly rising inflation rate have significantly affected property buyers' sentiments and decisions.

Campus 6.2, the office building based in western Bucharest that is part of Skanska’s Campus 6 complex, has achieved the WELL Core & Shell certification at a Gold level.