NIPÜF Group has completed its latest warehouse development in its Pécs industrial park, located in Southern Hungary. A long-term lease agreement had been signed for the facility, which comprises nearly 11,000 square meters. The investment volume exceeded €6.8 million (HUF 2.5 billion). The total area of logistics space developed by NIPÜF nationwide is 168,000 square meters.

VGP has launched the construction works for a new technological park near South Bohemian metropolis. VGP Park České Budějovice will be located in a commercial zone named Světlík directly at the edge of the city with excellent road and public transport links to the city centre and direct access to the D3 motorway connecting Prague with the Austrian city of Linz. On a land area of about 37 hectares, the site will offer more than 126,000 sqm of lettable area suitable for logistics and light manufacturing.

Zdeněk Tůma the former governor of the Czech National Bank (2000-2010), portfolio manager Martin Pětivoký and Martin Hubinger , the owner of residential developer Realism, have founded IRQ Funds and are launching a new fund named IRQ Residential Rental for qualified investors focused on rental housing.

Speakers at 2021 Property Investment Outlook 2021, an online event organised by Property Forum, have indicated unbroken market optimism. From living investments through the retail market to the office segment, participants in panel discussions expected positive changes and further growth in the CEE property market.

Portland Trust has announced a WELL Health-Safety certification for the Expo Business Park office project în Bucharest

FUTURE Designs, the UK-based designer and manufacturer of high-quality luminaires and bespoke lighting solutions, obtain the first IMMUNE Building Standard™ certification in the world for an industrial building, awarded by the Healthy by Design Building Institute (HDBI).

Immofinanz has acquired the former HQ of BCR in Bucharest for €36 million, both companies announced. The property will be modernized and transformed into a green myhive building, with at least a Gold certification.

Cushman & Wakefield has been appointed as property manager and leasing agent for GreenWings Offices in Warsaw, the second office building of OKRE Development.

Colliers has taken over the management of the second office building of the Moje Miejsce complex at 3 Dziekońskiego street in Warsaw's Mokotów district. The project was developed by Echo Investment. 

At the end of 2020, GTC’s property portfolio reached €2.1 billion while total revenues were at €160 million. Profit before tax and fair value adjustments reached €66 million in 2020, down from €73 million in 2019. Occupancy across the whole portfolio was steady at 91% despite a very challenging environment. GTC presented its 2020 financial results.