Panattoni has started the construction of the first Polish logistics centre for Hermes Fulfilment. The investment is being built in Iłowa in Western Poland. The 150,000 sqm project will be one of Hermes’ largest hubs in Europe and is to provide employment for around 1,900 people. The company is planning to open the centre by the end of 2023 following an investment of around €300 million.

Kész Group's new logistics centre will offer 10,000 sqm of industrial space at Szigetszentmiklós, just off the M0 ring road.

Hungarian developer Futureal has signed a loan agreement worth €79.5 million with UniCredit Bank to finance the construction and long-term operation of the Corvin Innovation Campus office complex in Budapest. 

Romanian developer Element Industrial will invest €20 million in the expansion of ELI Park 3 by 30,000 sqm, with Ferro Romania, a retailer of sanitary installation equipment, pre-leasing 16,000 sqm in the project.

As the pandemic forced many of us to shift a work-from-home routine, some people predicted that “the office is a dead concept” and that it will never return. I would agree that the office as we knew it is actually really dead, but the “new office” is here and all of us need to adapt to it, writes Petr Florián, Associate Director, Office Leasing at Avison Young in the Czech Republic for Property Forum in an opinion piece.

Logistics provider Maracana has signed a lease to expand its warehouse capacity to over 10,000 sqm in MLP Bucharest West, in a deal brokered by real estate consultancy JLL Romania.

Bratislava's iconic Pradiareň 1900 building is now wholly owned by investment group RSJ, which has bought the entire stake of the other co-owner YIT Slovakia. The total value of the transaction is approximately €35 million. RSJ announced the change in ownership structure on its website.

Vacancy went further up and only three new buildings have been added to the Budapest office market in the first quarter of 2022. Total demand reached 80,750 sqm, representing a 7% increase year-on-year, the Budapest Research Forum (BRF) reports.

The Polish Chamber of CommercialReal Estate (PINK) has published figures summarizing the office market in eight major regional markets in Poland (Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Lublin, Szczecin) for Q1 2022. The data is sourced from advisory companies from the commercial real estate sector (BNP Paribas Real Estate, CBRE, Colliers, Cushman & Wakefield, JLL, Knight Frank, Newmark, Savills) and includes information on existing modern office stock, new completions, take-up volumes and vacancy rates.

Real estate advisory firm Savills estimates that the prices of building materials for new commercial real estate construction in Poland increased by close to 30% in the past 12 months and expects demand for technical consultancy to grow. The Building & Project Consultancy team of Savills Poland has summarised its activity in 2021, a year in which it completed close to 60 projects for commercial properties with a combined area of 1.5 million sq m and almost doubled its headcount.