The Polish warehouse market continues to power ahead, reveals the latest report from real estate advisory firm Savills. The development pipeline is historically high and take-up activity is on track for another record year. Leased buildings are being targeted by investors from all over the world. After the first three quarters, the logistics sector accounts for close to half of the total investment volume in Poland.

Swedish investor Niam has sold the Axis and Kapelanka 42A office buildings in Kraków to Corum. The value of the transaction remains undisclosed.

Valeo Siemens eAutomotive, a supplier of motors and other technologies for electric and hybrid vehicles, has opened a factory in the 7R Park Beskid II logistics park in Czechowice-Dziedzice, Poland. The facility, with office and laboratory space, occupies about 33,000 sqm.

Office building Euro Tower, developed by Cascade Group in central Bucharest, has obtained the first LEED ZERO CARBON certification in Romania. 

Globalworth has announced a raft of changes in the board and appointed several non-executive directors with immediate effect.

Dorota Wysokińska-Kuzdra, Senior Partner, Head of Corporate Finance and Living Services for Central and Eastern Europe at Colliers talked to Property Forum about the rapid development of the PRS market and the current state of affairs on the residential market in Poland.

S Immo AG announced today that a partial takeover offer shall be launched to the shareholders of Immofinanz AG. The decision to make the partial offer is made after the anticipatory mandatory takeover offer announced by CPI Property Group on 3 December 2021. S Immo does not consider the price offered in the mandatory offer attractive.

Hungary-based real estate developer Futureal announced the launch of Futureal Investment Partners, a real estate investment and asset management business that will focus on value-add and opportunistic investments across Europe.

Chariot Group, an investment platform managed by Griffin Real Estate on behalf of an investment consortium, has sold the M1 Marki shopping centre to Redefine Europe – a wholly-owned subsidiary of Redefine Properties Limited, a Real Estate Investment Trust (REIT) listed on the Johannesburg Stock Exchange. The value of the deal remains undisclosed. 

Property developer Redport Capital and furniture retailer Mobexpert have jointly purchased a land plot of 44,000 sqm in northern Bucharest in a bid to support new residential investments.