According to Savills, the impact of the pandemic is set to accelerate online retail penetration by an average of one year and, in turn, drive demand for prime logistics space in Europe.

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CTP is building Lenovo's first European plant in Üllő, Pest County, in ctPark Budapest East industrial park. As part of the investment worth more than €18 million, CTP is building Lenovo's first high-tech European plant on nearly 35,000 sqm, the delivery of which is scheduled for spring 2021.

Gábor Futó, the founder of Futureal and Cordia has funded a new industrial and logistics property development and investment company, HelloParks. The firm will operate as a member of Futureal Group and is headed by Rudolf Nemes. HelloParks aims to obtain a leading position of this dynamically growing segment, as a first step in Hungary, later on in the whole CEE market. Expanding the group’s portfolio will also contribute to Hungary becoming a true regional logistics center.  

Eight regionally renowned experts discussed real estate investment strategies for the post-COVID-19 world at the online edition of CEE Property Forum 2020, organised by Property Forum and RICS. We summarised the highlights of the discussion, moderated by Luke Dawson, Managing Director & Head of Capital Markets CEE at Colliers International.

Globalworth and Global Vision have leased part of the first warehouse delivered within Constanța Business Park to PepsiCo. The company will lease storage space of approximately 6,000 square meters and an office area of ​​550 square meters.

CA Immo has signed and closed the sale of the Zagreb Tower office building to Austrian property company S Immo AG at a 5% premium to H1 2020 book value.

JLL announced the first edition of the Sofia City Report, a semiannual publication which provides a detailed view of specific real estate markets in Sofia: office, retail and warehouses. It offers information on the economic situation in Bulgaria, including the investment climate. The report was made with the support of IPC Partners Bulgaria.

Trei Real Estate GmbH is about to open its 19th retail park under the Vendo Park brand in Poland. The retail property is located in Czestochowa in the Silesian Voivodeship in southern Poland. With a population of around 230,000 residents, it is the second-largest city in Silesia. It lies a car ride of roughly three hours south-west of Warsaw on the River Warta. The new Vendo Park, one of the largest retail parks in Trei’s portfolio, has a lettable area of around 8,200 square metres and a tenant base of 13 retailers. The amount that Trei invested in the asset approximates €11.9 million.

Student.com, the world’s leading marketplace for international student housing, and Bonard, the global market research experts for student housing, see 2020 as a year of change, as international students have broken with traditional ways of booking student accommodation. Changes in demand, room type and lead time have all taken place as the world and the global higher education sector figure out the ‘new normal’.