Economic progress inevitably brings increased demand for electric energy. In a historical context, coal-fuelled growth in the 19th century, oil facilitated the expansion of the global economy in the 20th century and data is stoking today’s economic progress. Data centres are the most rapidly growing segment of real estate and operating them requires an enormous amount of energy. Janusz Gutowski, CEO AXI IMMO Services at the AXI IMMO Group highlights the key issues around data centres’ demand for energy and explains what the alternative sources of energy for the sector are. 

In mid-April this year, Equilis Poland finalized the land purchase transaction in Warsaw's Ursus district and plans to implement development of over 1,000 apartments there. Construction is scheduled to begin in the upcoming year.

Globalworth is now the manager of all the buildings in its Polish portfolio – after taking over the management of the Green Horizon office building in Łódź. All 22 office and multi-functional properties owned by Globalworth in the country are now managed by the company.

Vastint Poland entrusted Mostostal Warszawa with the construction of the B10 office and hotel complex in Wroclaw. The planned investment will be built on Bolkowska Street, in the vicinity of the Business Garden office complex. The total usable area of ​​the new development will be approximately 20,000 sqm. The general contractor plans to start construction work immediately, which will take 18 months. The investment is scheduled for completion in December 2022.

French real estate group Catinvest says it obtained the building permits to start the expansion of Craiova-based Electroputere Mall. The company will extent the food court with five new restaurants and add 5,500 sqm of retail spaces. 

Panellists at our virtual European ESG Forum have pointed out that environmental, social and governance criteria are gaining prominence in property investment. Going forward, as ESG certifications become mainstream, securing funding for green buildings will be streamlined, according to the panellists.

Romanian real estate developer One United Properties has purchased a land plot of 21,165 sqm in Bucharest from a member company of Țiriac Group in a deal worth €15 million. 

Cavatina Holding, one of the largest Polish developers of office space, has confirmed its intent to carry out an initial public offering (IPO) on the Warsaw Stock Exchange.  A conclusive decision in this respect will be made based on market conditions. Details of the IPO will be published in the prospectus following its approval by the Polish Financial Supervision Authority (KNF). The transaction will entail the issue of new shares only and its detailed parameters will be presented upon publication of the prospectus.

The senior living aspect of the European healthcare market continues to attract new capital according to the “European Healthcare - A Growth Market” just released by Colliers. Strong demographic demand and limited supply of customer options are the drivers of the capital to this sector.

Savills has forecast the key ESG, investment and leasing trends for 2022 in 36 cities around the world as part of its 2021 global Impacts research programme. The international real estate advisor predicts that, globally, tech occupiers are set to dominate leasing activity, offices will be the most popular investment sector, prime real estate yields are set to remain largely static, and Asian cities are seemingly lagging behind others around the world when it comes to prioritising sustainable investment.