Bucharest-listed Impact Developer & Contractor closed the year 2020 with revenues from the sale of real estate properties worth €42.7 million, up 29,4% compared to 2019, representing the best result of the developer in the last decade. In a pandemic year, the company sold a total of 369 units (31,191 sqm built area), out of which 205 were contracted in Greenfield Residence Băneasa and 164 in Luxuria Residence compound.  

Penta Real Estate has started the construction of the Masaryčka by Zaha Hadid project in the centre of Prague, the company announced.

The local market for logistics and industrial spaces accelerated expansion in 2020 both in terms of demand, which approached the threshold of 1 million sqm, and in terms of deliveries of new spaces, which reached an area of ​​649,000 sqm, both indicators reaching new records, according to real estate consulting company Cushman & Wakefield Echinox.

CBRE Romania announced it recruited Mihai Patrulescu from Colliers International to lead the Investment Properties department.

In 2020, demand for warehouses reached a record 4.8 million sqm, with supply expanding by more than 2 million sqm. Almost 1.9 million sqm remained in the under construction pipeline. Advisory firm JLL summarizes the situation on the Polish industrial market at the end of 2020.

Disruptions from the pandemic are poised to continue, according to the Prologis Logistics Rent Index. Lockdowns and other COVID-19-related situations may constrain customers’ operations, though the volatility is expected to be less severe than in 2020 as many customers now have better supply chain visibility.

One United Properties and Bright Spaces announced today the launch of an interactive presentation and digital closure platform for One Tower built in the Floreasca area of ​​Bucharest.

The refurbishment of the Stratos Office Center, which is situated in the very centre of Warsaw, is nearing completion. Lift foyers on all the floors of the building have been revamped as part of the refurbishment works that are coming to an end. New amenities added to the Stratos Office Center include a Dobro&Dobro café and a fitness room available to tenants. The building will soon see the opening of a two-room conference suite.

Echo Investment will take over a majority stake of the Wrocław-based Archicom company from its founders. Once the transaction is finalized, the Echo-Archicom group will be the largest residential developer in Poland – only in 2021, it will start the construction of 7,000 apartments for sale and rent.

Anna Duchnowska, Head of Asset Management Europe at Invesco Real Estate talked to Property Forum about investing in property in the times of pandemic, the new segmentation of the real estate market and likely changes in financing conditions.