Occam Real Estate wants to expand its development activities in Košice. After the successful acquisition of the 17,650 sqm BCT1 office building, which it bought in 2020 from the development section of the investment group Penta, it is now entering the residential development field with a €30 million project, reports the web portal reality.trend.sk.

Globalworth’s net profit in 2021 significantly improved to €47.5 million (2020: net loss of €46.8 million) while it recorded its best year in office leasing with 214,500 sqm of spaces taken up or extended. The company has released its annual report and audited consolidated financial results for 2021.

Hybrid work has accelerated the demand for efficient management of corporate real estate and corporate workplaces to drive real estate rationalization, achieve balanced space utilization and deliver post-pandemic employee experience. The most relevant role in this process will be played by digital solutions that focus on improving the user experience, sustainability, and connectivity in assets. Companies will be looking for an Integrated Workplace Management Systems (IWMS) to deliver the highest value add to their employees, tenants and real estate portfolios as such.

The former EuroCenter was transformed into a modern shopping centre with a leasable area of ​​25,000 sqm, accommodating 100 stores and a service function.

Develia has signed a letter of intent on a joint venture with Hillwood Polska regarding the intention to jointly invest on a property located in Malina near Wrocław, involving the construction of a logistics centre with an area of ​​at least 400,000 sqm of GLA. The estimated value of the entire project will exceed PLN 1.5 billion.

CREAM Property Advisors is now responsible for leasing the retail space of the Galeria Bemowo shopping centre in Warsaw.

Austrian property investor Immofinanz has opened its first coworking space in Bucharest, under the mycowork brand, the flexible office component of myhive. 

Avison Young is strengthening its team to provide its clients with first-class office leasing services in the Czech Republic. For the post of Associate Director, the company has appointed Petr Florian to develop its Office Leasing service line.

Romanian Global Investment Group has started the development of a new residential project in Bucharest that will feature 240 apartments following an investment of €40 million.  

Romanian DIY chain Dedeman has purchased a land plot of 14.5 ha in Timișoara from Țiriac Imobiliare for an undisclosed sum. The buyer is exploring several investment scenarios for the new land that is located next to the future Ikea store.