Real estate developer Hagag Development Europe finished construction works – refurbishing and reconversion – for its office project H Victoriei 109 in Bucharest. The building will be delivered following the final reception protocol. Up to the present time, 50% of the GLA has been contracted.

Mountpark Logistics has started construction work on a 26,000 sqm inventory distribution centre at Mountpark Sered in Slovakia. The building, which has the potential to create over 300 jobs for local people, has been designed to achieve BREEAM ‘very good’ accreditation and is on schedule to complete in the first quarter of 2021.

Manufacturers of concrete products in Poland will be able to generate a little over PLN 9bn in revenue in 2019 in spite of slower construction activity, according to the findings presented in the latest report by research company Spectis.

Cavatina Holding has entrusted Knight Frank with the management of the Carbon Tower office building in Wrocław. The building’s leasable floor area totals 19,000 sqm.

Developer Prime Kapital and investment partner MAS Real Estate have opened 33,000 sqm GLA Dâmboviţa Mall shopping centre in the city Târgoviște, 80 km northwest of Bucharest.

Savills has been appointed by Atrium European Real Estate as sole letting agent for office space in all the buildings owned by the fund in Poland.

This October, global proptech portal Unissu is launching the second edition of Connect, the global real estate equivalent of TED Talks. With the aim of providing 300+ free-to-view videos from worldwide experts on the future of real estate and the rise of technology in the sector, the event will be simultaneously hosted in 30+ cities globally. Property Forum will be the co-organizer of two recording sessions in Central & Eastern Europe: one in Vienna and one in Budapest.

GTC’s rental and service revenues decreased by €3 million to €79 million in H1 2020. The decrease mainly resulted from a decrease in income of approximately €8 million due to rent relief imposed by governments during the lockdown of shopping malls and rent concessions and discounts provided by the Group to the retail tenants across the portfolio due to the COVID-19 outbreak combined with a decrease on rental revenues following the sale of GTC White House in the third quarter of 2019 and Neptun Office Center in the fourth quarter of 2019 of €3 million. The decrease was partially offset by an increase in the rental revenues due to completion of Ada Mall, Green Heart, ABC I and Matrix A.

Every year, the number of BREEAM and LEED-certified warehouse buildings in Poland increases. There are several reasons for the growth of sustainable development in the sector. On the one hand, educated tenants put pressure on developers. On the other hand, developers themselves increasingly adhere to the decisions of the Paris Agreement, which sets out a global action plan to prevent global warming. In the latest development schemes, companies strive to reduce the negative impact on the environment through more thoughtful development planning and by reducing the carbon footprint. Currently, certification is particularly popular in the office sector. But warehouse developers increasingly strive to meet the BREEAM or LEED construction standards too. Often long before the completion of the scheme, warehouse developers try to demonstrate that the project meets the requirements of sustainable construction and ecology by obtaining pre-certification. Indeed, the new green construction standards for new buildings are slowly becoming the norm within the warehouse sector.

Four CTP buildings in Hungary have received the BREEAM In-Use Excellent certification withCTPark Arrabona - GYR1 in Győr having the highest score among the BREEAM In-Use certified buildings in Hungary. As a result of the comprehensive certification process covering the entire portfolio of the company, all of CTP's properties in Hungary have received BREEAM In-Use certification and 4 buildings have earned an Excellent rating.