Property developer Vastint is looking to secure permits to kick off the construction of the second phase of its mixed-use project Timpuri Noi Square (TNS) located in Bucharest. 

ConvergenCE closed the sale of the Árpád Center office building at the end of summer 2021. The property at the junction of Árpád Bridge and Váci Road was acquired by Investum Kft. During the transaction, ConvergenCE was represented by Cushman & Wakefield.

According to Savills, the European retail sector is increasingly looking more attractive to opportunistic investors. In the UK, there was a rise in opportunistic interest in the sector in the last quarter, supported by significant yield correction. In Poland, secondary retail assets are being traded at double-digit yields.

In the first half of 2021, tenants leased over 1.1 million sqm of modern office space across the capitals of the 15 CEE countries. The highest level of activity was recorded in Warsaw (249,300 sqm), followed by Prague and Budapest. The Business Services Sector continues to generate a great deal of demand and occupier activity and is one of the largest employment sectors in the region according to the “ExCEEding Borders - Office Markets & Business Services in CEE-15” report just released by Colliers.

Damian Kołata rejoins Cushman & Wakefield as the leader of the firm’s advisory services on the industrial and logistics market in Poland and as the Head of E-Commerce CEE.

As summer has come to an end, employers across the world have to decide where they want their employees to work from going forward. The keyword for the future will be flexibility as large employers around the globe are embracing not only working from home but also multi-location workplace strategies.

Asking prices of apartments in Romania were up 2% in August compared to the previous month to €1,508 per sqm, according to property portal Imobiliare.ro. 

CTP has recently finalised two strategic acquisitions in Bulgaria as part of its two-year, €300 million expansion plan to further grow its presence in the country.

MNK Partners has acquired the Kodolányi János University building on Frangepán Street in Budapest on behalf of its MNK One Fund.

P3 is to develop an 82,500 sqm facility with an additional 27,000 sqm expansion option for furniture e-commerce specialist Westwing in P3 Poznań.