The ČS nemovitostní fond, managed by REICO, is acquiring Panattoni Park Tychy DC1 in Poland. The value of the acquisition is approximately CZK 1.1 billion (€42 million). This brings the number of properties owned by the fund to 19.

The new office supply in Bucharest is set to exceed 200,000 sqm in the second half of this year, with almost two thirds of the offices scheduled for delivery by year’s end already pre-leased. 

Tenants on the office market are cautiously optimistic as demand for offices outside Warsaw grows. Advisory company JLL summarizes the situation on the Polish office market in H1 2021.

Ivan Lokere, CEO of Belgium-based real estate developer Alinso Group talked to Property Forum about the trends driving real estate markets in today’s economy and restated the company’s commitment to the Romanian market.

Croatia’s commercial real estate investment volume exceeded €290 million in H1 2021, according to a new report by Colliers.

Accolade Group, in cooperation with its JV partner, invested almost €26 million in a Class A warehouse facility in Wielenin-Kolonia in Central Poland. The entire facility is occupied by K-Flex, a worldwide leader in the production of elastomeric insulation, with a lease term of 17 years.

Panattoni has turned its focus back onto the Warsaw market. In a strategic location – close to the planned New Central Polish Airport – Panattoni Park Błonie III is now under construction. The investment with an area of more than 90,000 sqm has already started and has its first tenant: logistics operator GTFL, which specialises in full truckload and international transportation. The company will consolidate the space it currently occupies in the country at the end of this year, when it will move into its newly leased 7,700 sqm premises. It was represented by consultancy Cresa Polska for this transaction.

Over 21,000 sqm of office space located on 13 floors, terraces for tenants and a basketball court – this will be the second phase of the Centrum Południe office complex currently being developed by Skanska. Like the existing buildings, the new phase will apply for numerous certificates, including the WELL Core&Shell. 

The Bucharest land market is registering an increase of prices fueled by higher demand from developers that want to secure strategic locations in the city for new projects. 

VGP has announced the appointment of Gergely Somogyi as Commercial Director for VGP Hungary. With Gergely's arrival, Laszlo Balogh will be able to focus more on land acquisition and development of new plots to support the strong demand and future development on the Hungarian market.