Around 120,000 sqm in new and extensions of existing retail projects are under development in Romania with delivery estimated by the end of 2022, according to a report by real estate consultancy Cushman & Wakefield Echinox. 

Panattoni has sold two logistics facilities in western Poland for an undisclosed sum to the Hansa Europe Logistic Fund (HELF), which is managed by German real estate investor Hansainvest Real Assets. 

CTP Romania, the largest owner of industrial projects on the local market, has appointed Sorina Florescu as Head of Marketing as part of its management consolidation strategy.

Romanian property company Eden Capital Development will invest €25 million in a luxury residential complex in northern Bucharest comprising 172 apartments. 

Occupancy rates in Prague’s hotels were 50% higher during the summer holidays this year in comparison with last July and August, propelling Prague upwards in the European cities’ chart. Room rates exceeded €64 in the summer, also an improvement over last year. Many hotels worked with an operating profit and the growing number of reservations is also a positive sign. Autumn traditionally brings a drop in tourism and thus in performance – September occupancy rates are still comparable with summer rates and prices are even higher, but there are concerns about another wave of the pandemic and the potential operating restrictions. However, the improved performance in the summer has confirmed again that Prague’s hospitality market has been consistently sought after and popular, and its performance is hindered mostly by external and temporary factors.

Rising construction costs and strong demand from investors are at play, of course, but the picture is a lot more complicated than that. Players of the dynamically growing private rental sector (PRS) discussed market trends at Living Investment Forum 2021, Property Forum's annual event in Warsaw. 

The Polish office space market situation at the end of Q3 2021 allows for an optimistic view of the sector in 2022.  Demand remaining at a similar level to last year and the expected higher absorption of available space are conducive to improving the sector’s performance in the coming months, says AXI IMMO.

Property developer One United Properties says it will maintain the existing, single-class share structure, which confers one voting right per each share held, following a ruling of a Bucharest-based court that confirms a shareholder vote from September. 

Banks loans dominate the financing market for property development, but the stock exchange, EU funds and state aid are emerging instruments, suggested speakers during the lenders vs borrowers panel of SEE Property Forum 2021, Property Forum's annual event in Bucharest.   

Polish company Scallier will open its second retail park in Romania on November 11 as part of its expansion strategy on the local market.