Romanian developer One United Properties has purchased a 10,710 sqm land plot near Floreasca where it plans to start a new residential investment.

Accolade Group plans to invest over CZK 6 billion in the Karlovy Vary Region. Accolade's portfolio currently includes two industrial parks near Cheb with a total of five buildings and thirteen tenants. Three more buildings are in preparation or under construction in Cheb. So far, the group has financed the development of approximately 250,000 sqm of industrial and logistics space in the area, the value of which exceeds CZK 5 billion.

Austrian developer Karimpol Group has finished the first stage of the Squarebizz Bory project in Bratislava, which comprises eco-friendly retail storage, service and showroom space within an area of 15,000 sqm. The developer also announced the first tenants who have signed contracts already and the launching of the second phase.

In total, 16,000 sqm of Class A office space has been delivered in the second largest city of Hungary. The building was developed by a local company, Dryvit Profi, realista.hu reports.

Inter Cars Group enters Panattoni Park Sosnowiec I. The automotive supplier operating in the CEE region leased over 20,000 sqm.

MidPoint71, an office building in Wrocław, was acquired by Trigea Real Estate Fund, the fastest-growing Czech fund. The project of Echo Investment, which obtained the occupancy permit earlier this year, was sold for over €100 million. In another deal, three office buildings in Fuzja Łódź project were acquired by KGAL Group, an independent investment and asset manager, for over €56 million.

Thanks to new and extended leases, myhive Atrium Park, located on Váci út, has leased its entire 31,200 sqm office space. New services have been introduced and interiors have been renewed at the office building.

Previous optimism over the prospect of the construction market in the Southeast European region is gone, the Eastern European Construction Forecasting Association (EECFA) reports. The current forecast is foreshadowing almost no growth until 2023 and contraction in 2024. The main reason behind is the worsening climate for construction due to the consequences of the Russian invasion of Ukraine.

Marcin Michalec, CEO of OKAM Capital talked to Property Forum about the current situation in the residential market in Poland, plans of a large mixed-use investment in Warsaw and shared his forecasts for the PRS sector.

Propco, a developer focused on small warehouse facilities, has finalised a property development deal for DPD Polska Sp. z o.o. The BTS facility will be built in Boleslawiec, and will provide a total of 2,500 sqm of cross-dock space. It is the first project carried out for DPD Polska as part of a development programme of regional small-format last-mile logistics facilities. Construction of the facility has already begun, while the space is scheduled to be handed over to the tenant for use at the turn of 2022/2023.