VGP enters the Budapest market by purchasing a 38 ha development site at the strategic location of Üllő, adjacent to Budapest Liszt Ferenc International Airport. The development potential of VGP Park Budapest Aerozone is approx. 125,000 sqm.

Colliers today released "Elevate the Built Environment", its new strategic framework designed to embed environment, social, and governance (ESG) best practices across the organization.

Commercial real estate investments in Romania amounted to €570 million in the first nine months, down 29% compared to the same period of 2020, according to JLL Romania. The Bucharest market attracted 70% of the total investment volume, mainly in the office segment. 

Romanian developer Genesis Property says that its IMMUNE Building Standard is also covering the residential sector, on top of the office and industrial segments. 

Real estate consultancy Colliers says it has finished the transformation of its Bucharest-based HQ and is implementing the WELL Health-Safety standard in a bid to keep its employees safe and prepare for the post-pandemic future of work. 

The non-residential green building market is projected to grow by 9% a year from $69.01 billion in 2021 to $110.52 billion in 2025. How does the warehouse industry deal with social and environmental challenges? Will Poland, as the second most active development market in Europe, become a leader in decarbonization?

Luxury apartments are still less than 1% of the primary market in Poland, but their popularity among buyers is growing. Since the beginning of 2020, the average quarterly sales volume in this segment is double the number set between 2017 and 2019.

According to “Office Occupier: Office Market in Warsaw”, a report published by Cresa Poland, total leasing volume for the first three quarters of 2021 topped 398,100 sqm, accounting for 51.2% of the annual average for 2015-2020.

The company, which owns the Sinsay, Cropp, Reserved, House and Mohito brands, is to occupy approx. 64,000 sqm in two Panattoni Park Tricity South II buildings, where it will commence operations as early as April 2022. The investment will be designed for online orders as well as service returns. 

GLP has commenced the development of GLP Wrocław V Logistics Centre, the largest warehouse project underway in the Wrocław metropolitan area. Built on a 50 ha plot, the GLP project will ultimately offer approximately 240,000 sqm of logistics space.