Our latest online panel focused on leasing issues arising during the coronavirus lockdown in the Czech Republic. The six experts of the panel, moderated by Jaroslav Kaizr, discussed the impact of COVID-19 on current lease agreements and gave an overview of the potential immediate and long-term implications of the coronavirus crisis.

7R will make its debut on the Lublin market. The planned investment – 7R Park Lublin – will be a complex of modern warehouse facilities located in the industrial part of the city.

A new subsidiary has been created by the Bayer Construct group of companies, which is 100% Hungarian-owned and offers complex construction and real estate development solutions. The new company, Bayer Property will focus on the preparation and implementation of complex real estate development projects

The preliminary investment volumes for the CEE region for Q1 2020 have reached ca. €3.7 billion, despite the onset of COVID-19 in CEE at the beginning of March, according to Colliers International. 

Almost 70% of landlords and tenants in the office market believe that the COVID-19 epidemics will continue to affect their business throughout this whole year, with first signs of recovery being expected to start with 2021, according to a study conducted by Colliers International among 60 landlords and more than 100 tenants.

Property Forum’s series of virtual events, organised in partnership with the RICS, continues with online panel discussions focused on the leasing issues that arise during the COVID-19 lockdown. This week's remaining two events, focused on the Polish and Romanian property markets, will bring together landlords, tenants, legal advisors and other industry experts to shed light on the issues currently on the mind of market participants and to help provide an overview of the potential immediate and long-term implications of the coronavirus crisis. Our diverse group of panellists will answer all the burning questions that may arise in this unprecedented situation.

Total demand on the Budapest industrial market amounted to 79,660 sqm in Q1 2020, indicating a 5% decrease from the figure noted in the same period last year. Lease renewals accounted for an outstandingly high ratio, reaching 85% of the quarterly volume. The Budapest Research Forum published its quarterly industrial market analysis

The coronavirus pandemic has had a relatively benign effect on the Q1 2020 Warsaw office market figures, according to the latest Savills research. However, tenants already started to optimize costs which soon may increase the number of lease renewals and subleases. Companies will look for more flexible lease terms and cost-effective locations.

Panattoni is building the first modern multi-tenant distribution centre in the Warmia and Mazury region. Panattoni Park Olsztyn, featuring in excess of 36,000 sqm, will be delivered in the Stawiguda commune, in the immediate vicinity of the Olsztyn Południe junction, connecting S51 with S16, approx. 20 km from the S7 route. The project will be implemented in several stages and the first tenants will able to move to in as early as August this year. One of the factors which made the launch of the project possible was the lease by A&E Clothing, an American company specialising in textile recycling, which will take up in excess of 7,500 sqm of office and production space. The deal was negotiated on behalf of the customer by Axi Immo.

During the first three months of 2020, demand on the Warsaw office market was nearly 139,000 sqm, which almost matched the Q1 performance of last year. The vacancy rate fell by 0.3 pps, while 770,000 sqm is under construction. JLL summarised the Warsaw office market in Q1 2020.