Disruptions from the pandemic are poised to continue, according to the Prologis Logistics Rent Index. Lockdowns and other COVID-19-related situations may constrain customers’ operations, though the volatility is expected to be less severe than in 2020 as many customers now have better supply chain visibility.

One United Properties and Bright Spaces announced today the launch of an interactive presentation and digital closure platform for One Tower built in the Floreasca area of ​​Bucharest.

The refurbishment of the Stratos Office Center, which is situated in the very centre of Warsaw, is nearing completion. Lift foyers on all the floors of the building have been revamped as part of the refurbishment works that are coming to an end. New amenities added to the Stratos Office Center include a Dobro&Dobro café and a fitness room available to tenants. The building will soon see the opening of a two-room conference suite.

Echo Investment will take over a majority stake of the Wrocław-based Archicom company from its founders. Once the transaction is finalized, the Echo-Archicom group will be the largest residential developer in Poland – only in 2021, it will start the construction of 7,000 apartments for sale and rent.

Anna Duchnowska, Head of Asset Management Europe at Invesco Real Estate talked to Property Forum about investing in property in the times of pandemic, the new segmentation of the real estate market and likely changes in financing conditions.

There is currently a shortage of industrial and logistics space on the Czech market, in addition to a lack of land suitable for their construction. This is mainly due to growing demand and the fact that local governments aren’t motivated by tax benefits to allow their construction. The situation is most evident in the vicinity of large cities, and also affects the growth of rent levels. Moreover, it has also caused a new trend in the form of the extension of rent contracts. The first new projects of over 20,000 sqm can only be expected in the second half of 2022. 

The highest ever 5.2 million sqm of warehouse space was leased in 2020 as a result of significant changes in consumer behaviour in this exceptional year. The industrial and logistics sector was the fastest to adapt to the new requirements linked with the COVID-19 pandemic, quickly adopting supply chains and ensuring health and safety to workers and customers. 2020 was also the year of rapid growth of all segments related to the e-commerce sector. In the coming years, e-commerce will set the pace of development for the entire warehouse market in Poland. AXI IMMO presents their report Polish Industrial & Logistics Market in 2020.

Online shopping is continuing to grow in the European Union. With high street shopping affected by the COVID-19 restrictions and changes in habits and preferences, e-commerce can be expected to grow further. Data realised by Eurostat reveals that over the last five years, the largest increases in online shopping among internet users were recorded in CEE countries.

The topic of sustainability has become one of the most important megatrends of our time. Sustainable construction is also becoming increasingly important in the hotel real estate market, leading to an increase in demand for corresponding certificates in Austria, according to Christie & Co.

Romanian developer Prima Development Group announces the expansion on the residential market in Bucharest with three new projects, after this year it will deliver 640 apartments in the capital city and Oradea. The new projects will bring an additional 2,500 new homes to the market.