News - Cloud 9 developer aims to reach 90% sale rate by year-end
27
Apr
2021

Cloud 9 developer aims to reach 90% sale rate by year-end

by Property Forum
Akcent Development says that it sold 67% of the Cloud 9 residential project in northern Bucharest and aims to sell 90% of the planned 820 apartments by the end of 2021. 
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News - Office stock under construction in Warsaw hits 11-year low
26
Apr
2021

Office stock under construction in Warsaw hits 11-year low

by Property Forum
Warsaw's office sector saw the lowest volume of space under construction in 11 years along with relatively low tenant activity. However, the business services sector provides hope for the future. JLL has summarised the situation in the Warsaw office market at the end of the first quarter of 2021.
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News - 7R to build another two last-mile warehouses in Warsaw
26
Apr
2021

7R to build another two last-mile warehouses in Warsaw

by Property Forum
7R has acquired land for two new last mile projects in Warsaw locations. The first will be built on Osmańska Street, near Chopin Airport, and the second - on Rzeczna Street in Targówek. 
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News - Panattoni completes BTS facility in Ostróda
26
Apr
2021

Panattoni completes BTS facility in Ostróda

by Property Forum
Panattoni has completed the construction of a BTS facility for Animex Foods, the largest food producer and exporter of meat in Poland. The modern building, with an area of ​​10,153 sqm, has been developed near Ostróda in the Warmian-Masurian province.
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News - Globalworth advises shareholders to take no action
26
Apr
2021

Globalworth advises shareholders to take no action

by Property Forum
On 14 April 2021, CPI Property Group S.A. and Aroundtown SA unilaterally announced a firm intention to make a cash offer for the share capital of Globalworth not already owned or controlled by them at €7.00 per Globalworth share. On 19 April 2021, Globalworth announced the formation of an independent committee of the Board to evaluate the offer.
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News - Impact Developer & Contractor revenues up 28% in 2020
26
Apr
2021

Impact Developer & Contractor revenues up 28% in 2020

by Property Forum
Revenues of Impact Developer & Contractor totalled €42.3 million in 2020, up 28% year-on-year, driven by higher residential sales for its Bucharest-based projects. 
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News - Genesis Property: Indoor air quality matters now more than ever
26
Apr
2021

Genesis Property: Indoor air quality matters now more than ever

by Property Forum
Indoor air and water quality is not something many people give too much attention to when it comes to the office buildings where they work and spend most of their time during the day. At home, they invest in products like air purifiers and water filtration systems; at work, they rely on their employer or building owner and, most of the time, they take what they get without sometimes even considering if it may or may not affect their health, writes Dr. Darren Allen, Director of the Healthy by Design Building Institute, in an opinion piece for Property Forum
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News - Czech investors split into two groups based on expectations
26
Apr
2021

Czech investors split into two groups based on expectations

by Property Forum
The Czech market is still slow in comparison to previous years. Market fundamentals remain good, as does the demand for core and core+ assets, but the market is experiencing limited supply of the right investment product, according to the latest capital markets report by Colliers.
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News - Ghelamco sells Warsaw office building to Czech fund
25
Apr
2021

Ghelamco sells Warsaw office building to Czech fund

by Property Forum
Wołoska 24, an office building developed by Ghelamco has a new owner. It is a Czech investment fund, ZFP realitní Fond, managed by ZFP Investments which is a subsidiary of Slovakia's IAD Investments. The value of the transaction amounted to over €60 million.
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News - Uniqa Real Estate completes acquisition of Bucharest building
23
Apr
2021

Uniqa Real Estate completes acquisition of Bucharest building

by Property Forum
Uniqa Real Estate, part of the insurance group, has completed the acquisition of The Light One office building in Bucharest from River Development for an undisclosed sum. 
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Latest news


New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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