Tatra banka, a member of the Raiffeisen Bank International Group, has decided to reflect on the latest development in global workplace trends by changing its corporate real estate strategy which currently includes disposal of one of Tatra banka's office buildings on Černyševského street no. 48 in Bratislava.

Colliers International has taken over the management of the Astoria Premium Offices building, located in the heart of Warsaw. Astoria Premium Offices is a 12-storey modern office building. It offers 19,500 sqm of leasable space and provides access to 86 underground parking spaces. The building has LEED certification at the Platinum level.

CTP successfully issued a debut green bond for €650 million on 1 October 2020. CTP’s inaugural green bonds became the largest debut issuance by a CEE real estate company.  The bonds received a strong reception from investors and were several times oversubscribed with a peak order book in excess of €2 billion.

Local real estate developer Forty Management has acquired a 39,896 sqm plot of land of in the Străulești area of ​​the Bucharest from Butan Gas Romania in a transaction valued at €8.2 million. The developer plans to deliver the Central District Lagoon City mixed-use project with 570 apartments, hotel, offices and commercial space, following an investment of over €100 million.

Developer P3 has received approval for two new halls at P3 Mladá Boleslav, Hall 3 with an area of ​​3,900 sqm and Hall 4 with an area of ​​5,000 sqm.

Hungary’s first-ever ’greenfield REIT’ marked a major milestone for the country’s property market as SunDell Estate Nyrt. has been registered as a regulated property investment company (known as SZIT in Hungary) by the Hungarian National Tax and Customs Authority (NAV). This makes SunDell the first company in Hungary that gained SZIT status nearly upon completion of all the steps of an initial float rather than choosing this form of operations after a substantial stock exchange presence.

Colliers International has taken over the management of Tischnera Office in Kraków, owned by Cavatina Holding. Tischnera Office is a modern Class A office and service facility with a BREEAM certificate at the Very Good level. It was built in Podgórze district, 5 km from the city centre, in close proximity to the A4 motorway and 20 minutes by car from John Paul II International Airport.

Manufacturing PMIs in CEE showed that the recovery slowed at the end of Q3 2020 and the carryover to Q4 2020 was small (and even negative in some cases). This assessment pertains also to the outlook, with new orders and output expectations either rising less or showing a slower recovery in September than in the previous months, according to Dan Bucsa, Chief CEE Economist at UniCredit Bank in London.

Green Court Office, a 20,000 sqm office building located in District 13 of Budapest has reached structural completion last week. A few days earlier, Green Court Office was awarded an interim BREEAM Excellent certification. The building is scheduled to be completed at the end of 2021.

European markets with low levels of existing flexible workspace have seen the greatest growth in new flex operations over the first half of 2020, according to the latest flexible workspace report by Colliers International.