Cushman & Wakefield has been chosen as the manager of The Warsaw Hub skyscrapers. At the same time, it will occupy nearly 2,500 sqm of office space in the facility, moving its Warsaw office there. Cushman & Wakefield was also responsible for the comprehensive preparation of the building for its commercial opening.

Since the start of this year, Penta Real Estate has closed the sale of three office buildings in its portfolio. After selling Rosum in Bratislava, the company completed a transaction in Poland within a single month by selling the office complex D48 and the office building BCT1 in Košice.

Atrium European Real Estate published an update on trading for the three months ended 31 March 2020 and an update on trading in light of the COVID-19 pandemic. A progressive reopening has been launched from 4 May in Poland and is planned from 11 May in the Czech Republic and 3 June Slovakia, although it is too early to say when the company’s assets will return to full operation.

The ongoing COVID-19 outbreak seems to be having a severely negative impact on market sentiment across the CEE region, according to the latest RICS Commercial Property Monitor. Q1 2020 figures show that both rental and capital value expectations have been downgraded across the region with retail expected to see the sharpest decline and industrial proving to be the most resilient asset class.

The coronavirus outbreak continues to affect people and economies deeply. In the latest online panel organized by Property Forum, three real estate professionals discussed the impacts of the coronavirus crisis on the Bulgarian property market.

There were 5,971 residential property deals made in Hungary in April 2020, according to the latest monthly transaction estimate by real estate group Duna House. The last time the monthly figure was this low was at the low point of the previous crisis in 2013. Meanwhile, weekly data suggest that we are past the trough as the market picked up slightly in the second half of the month.

The office market in Sofia faces a significant slowdown, due to the economic uncertainty and weakening business activity caused by COVID-19, according to the latest market report of Forton, a strategic partner of Cushman & Wakefield for Bulgaria and Macedonia.

Neinver reopened its five outlet centres in Poland on 4 May under strict health and safety measures and with over 80% of their shops open. The Factory centres in Warsaw, Krakow, Gliwice and Poznan have implemented reopening plans in close coordination with the brands and authorities to ensure the maximum safety of employees and visitors.

Rental growth and yield compression eased across Europe’s commercial real estate markets in Q1 2020, according to Cushman & Wakefield’s latest DNA of Real Estate.

Take-up on the Bratislava office market amounted to 26,000 sqm in Q1 2020 which represents a 58% decrease compared to Q4 2019. The Bratislava Research Forum (JLL, CBRE, Cushman & Wakefield and Colliers International) published the office market figures for Q1 2020.