A consortium of Penta Real Estate, Kaprain Group and Sekyra Group has acquired a land plot of 20,122 sqm from the University of Chemistry and Technology (VŠCHT) in the western part of Vítězné náměstí in Prague 6 for over €39 million (CZK 1 billion), Penta announced in a press release.

The Romania property sector could use more institutional investors, suggested speakers during the international investors’ panel of SEE Property Forum 2021, Property Forum's annual event in Bucharest.

Masaryčka and Nová Waltrovka, two office buildings that are currently being developed in Prague by Penta Real Estate, will offer the technology solutions of local proptech Sharry.

Property developer Novum Business Invest has purchased a new land plot of 15,100 near Carol Park in Bucharest for a new residential project with over 500 units. 

The Lakeside Park 02 office building, developed in Bratislava's Nové Mesto area by Immocap and WOOD & Company, has reached its full height of 13 floors.

Property company Zacaria has kicked off the development of Valletta Park, a new residential project with 121 apartments in Sibiu. 

Nearly three out of four employees in Romania now work from their office at least 3 days a week and most of them believe that the return to the office buildings can support the economic recovery, according to a survey by Genesis Property. 

Panattoni has unveiled its latest location in Lower Silesia – by starting work on the construction of Panattoni Park Głogów, which will ultimately cover more than 20 ha with 111,000 sqm of built-up space. The project, which is to be BREEAM certified at the ‘Excellent’ level, has been designed to allow tenants to significantly reduce their CO2 emissions and energy consumption. The first tenant of the park is to be international logistics operator FM Logistic, which will occupy almost 35,000 sqm and is going to start operations in May 2022. 

The 2028 pledge, launched ahead of COP26, is a potential game changer for the industry as the accelerated action plan aims at net zero without offsets several years ahead of IPCC’s target date. Nordic real estate investor, NREP, has committed to being carbon neutral by 2028 without offsets, encompassing both operational and embodied carbon. 

More and more companies are returning to their offices by implementing a hybrid model of work. The prolonged use of this working model has translated into a lower volume of transactions. The technology sector still remains the most active. Advisory company JLL summarizes the situation and future development perspectives for the Polish office market at the end of Q3 2021.