London-based investor Tritax EuroBox has agreed to sell its asset in Łódź, Poland for €65.5 million to Savills Investment Management, acting on behalf of the Vestas European Strategic Allocation Logistics Fund (VESALF I), a fund raised solely from Korean institutional investors.

After the great year in 2019 and a very good start to 2020, the coronavirus pandemic has halted the expansion of Asian investment funds in Poland. However, analysts are convinced that it is just a temporary situation and a new transaction closed this month also suggests that the flow of Asian capital has not dried up.

Panattoni is to launch its latest project in the Wrocław area. Panattoni Park Wrocław East will be built in Dobrzykowice – just off the city’s eastern bypass. By September 2021, the developer will have completed 24,516 sqm of class A warehouse space in one building, including 11,000 sqm for the world's leading manufacturer of cooker hoods for household use. This is to be the first such modern distribution facility on the eastern outskirts of Wrocław. It will be developed in line with the company’s ‘Go Earthwise with Panattoni’ concept and is to be BREEAM certificated at the ‘Very Good’ level.

GTC has been awarded the Very Good BREEAM certificate for one of its Warsaw assets, the Artico office building. Thus, the company has successfully completed the green adaptation process for all its Polish commercial assets.

Courier company FAN Curier announced it will complete this year an investment of  €7 million in the logistic HUB in Cluj-Napoca after it received the final building permit this month.

Speedwell and Erste Group Bank signed a financing agreement of €27 million for the development of MIRO, a Class A office project the company is building in the northern part of Bucharest.

The key pandemic-related trends on the Polish office market of 2020 include the transformation of the way work we work and where we work. This prompted many occupiers to redefine their needs regarding the size of the office and the way the office is arranged. Equally important was ensuring workplace safety, also through new technological solutions. As a result of the pandemic and the lockdown measures, both development and leasing activity decreased slightly last year. Demand came mostly from new contracts and renewals. The AXI IMMO advisory firm summarises market conditions in 2020 and explores current office space trends in Poland.

GLP announced the development of a new 37,000 sqm logistics centre in Upper Silesia, Poland. The 37,000 sqm unit marks the first phase of development and is part of a scheme to develop over 110,000 sqm of warehouse space in Ledziny, each with direct access to the S1 expressway.

Accolade and Panattoni are continuing the extensive revitalization of a former settling reservoir in a sugar factory near Kojetín in the Olomouc region. The CZK 3 billion industrial complex, designed and constructed aligned with the latest trends in e-commerce and targeting future local and foreign tenants, will be completed by the end of the year 2022.

Due to the pandemic, the construction industry in Hungary last year registered a significant fall and the last quarter couldn’t save the year either. The latest EBI Construction Activity Report has found that Q4 2020, similarly to the low-value Q4 2019, saw the start of construction works at a value of HUF 442 billion. Owing to the massive drop in mid-2020, 15% less construction work started than in 2019 and 30% less than in 2018. In 2020 the Activity Start Indicator of the EBI Construction Activity Report accounted for less than HUF 2000 billion and the decline affected all major subsectors.