Property developer Atenor says it has concluded the sale of Hermes Business Campus in Bucharest to Adventum Group, an investment manager focused on Central and Eastern Europe. 

Dorota Latkowska-Diniejko, Vice-President of the Board of REINO Partners talked to Property Forum about the changes caused by the pandemic in the Polish market and waiting for the long-awaited law implementing REIT-type financial structures.

Prime headline rents have increased slightly to a new level of €5 sqm/month in the Czech Republic and €5.20 sqm/month in the Greater Prague region during the second quarter of 2021. The Industrial Research Forum announced the latest industrial market figures.

The 75% occupancy limit does not mean working at full capacity, but the recovery of the hotel market is driven by the return of holiday travel and stronger demand for hospitality services. Although the industry is facing a number of challenges, hotel owners hold onto their assets, they are reluctant to sell at a discount, believing that business will return to pre-pandemic levels. JLL summarizes the current situation on the Polish hotel market.

European Logistics Investment (ELI) has started construction works of the second phase of its warehouse scheme in one of the key logistics regions in Poland – Silesia. Park Tychy II, a 43 000 sqm project is planned as a mixed-use property with BREEAM certificate at the Excellent level. The building is already leased in almost 100% to two tenants – Tiberina Group subsidiary U-Form, a leading supplier of components for the automotive sector in the EMEA region and Nodium Group, the owner of two online platforms – sport-shop.pl and nodik.pl.  

The Polish Chamber of Commercial Real Estate (PINK) has published figures summarising office market in eight major regional markets in Poland (Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Lublin, Szczecin) for Q2 2021. 

One of the most active residential developers of the Romanian market estimates at least a 20% increase in prices for new projects and 5-10% higher prices for the under-development units. Tinu Sebeșanu, CEO of IMPACT Developer & Contractor talked to Property Forum about financing conditions, market trends, ongoing projects and new developments on the horizon.

Rents continued to rise in June 2021, increasing by 1.6% nationally and by 1.8% in Budapest compared to the previous month, the latest KSH-ingatlan.com rent index shows. Supply prices were also slightly higher than in the same period last year, something not seen for more than a year. Of all the district groups in Budapest, prices stagnated only in the outer districts of Pest, while the largest price increase (2.8%) on the previous month was recorded in the transitional districts of Pest.

The European warehouse property developer MLP Group is to build a BTS facility for Hart Logistics, a Polish provider of logistics and transport services. The lease has been brokered by Profi-Home of Poznań.

Utmost cautiousness, falling transaction volumes and waiting for the office sector to finally catch its breath and the large retail schemes to redefine their strategies contrast with considerable investor interest in specific retail formats, the dynamic growth of the logistics sector, and strong entry of European players onto the domestic residential rental market. This is what—according to the latest report by BNP Paribas Real Estate “At A Glance: Investment Market in Poland in Q2 2021”, Poland’s commercial property investment market looked like in the second quarter of the year.