Retail began to transform well before the COVID-19 pandemic. It has, however, evolved a lot faster than expected and the pandemic has created a whole new environment that all market participants have to learn to navigate. Cushman & Wakefield has issued its latest report “Is Confidence Returning to the Retail Market?” highlighting what the retail market looks like from the perspective of tenants, landlords and customers.

S Immo aims to further strengthen its presence in the Central and Eastern European region, including Hungary, the company announced in a press release celebrating 20 years of operation in the Hungary.

The sellers are the big winners in the current market, but new growth opportunities for investors are still present in the region, commented speakers during the post-COVID-19 investment panel of CEE Property Forum 2021, Property Forum’s first real-life event back in Vienna since 2019 which was attended by over 400 people coming from countries all over the region and beyond.

Almost a fourth of all the respondents are planning to roll out apps for booking desks, meeting rooms and parking spaces, reveals a survey conducted among the tenants of office buildings under the management of Cushman & Wakefield.

Akcent Development’s Cloud 9 residential project in northern Bucharest reached 700 units sold by the end of August out of 820 apartments available in the complex. 

According to Savills, European multifamily is now firmly established as Europe’s second-biggest real estate sector. At €24.1 billion it captured 23% of the investment activity in H1 2021 across the 12 countries that the international real estate advisor monitors. This compares to a five-year average of 16%. Office investment was the highest, accounting for 28% of the total, at €29.3 billion.

Property investor Globalworth says all its 16 office buildings in Bucharest are using 100% green energy from renewable sources starting July 2021. 

Oxford Properties Group has completed its acquisition of M7 Real Estate, having received all regulatory approvals. The deal, which was announced in January this year, brings together one of the UK’s leading European real estate investment and asset management platforms and a globally renowned institutional investor operating across multiple asset classes and jurisdictions.

The office market in Cluj-Napoca is expected to record a sharp decrease of deliveries this year and only 5,000 sqm of spaces are under development this year and will be finalized by 2023, according to property consultancy SVN Romania. 

Transport services provider Regesta has moved into Hillwood Wrocław East. The new tenant took more than 17,500 sqm of warehouse and office space in the Wrocław logistics centre. Regesta was represented during the search for the new location and lease negotiations by experts of real estate advisory firm Cresa. Hillwood Wrocław East, comprising seven buildings with a total area of over 210,000 sqm, is now fully leased.