The new direction of investing is clearly visible in the commercial real estate sector. Changes in the purpose of investments and building conversions are also on the increase.

BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has successfully launched the first property fund that sets out to be compliant with the 2015 Paris Agreement, a landmark agreement that brought nations together to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low carbon future. 

The final stage of the Cluj Business Campus mixed-use project in Cluj-Napoca has been completed following a €27 million investment. The project comprises over 30,000 sqm of Class A office space and apartments.

Accolade Industrial Fund has secured an €85 million refinancing loan from Česká spořitelna for its Czech industrial portfolio. At the same time, the Fund responds to growing interest from qualified investors and following its debut in the domestic Czech market, it’s opening a distribution network in neighbouring Slovakia, together with Slovenská sporiteľňa.

Almost 70% of Gen Zers dream of a good atmosphere at work and being able to hone their skills, reveals "Gen Z: A Workplace of the Leaders of the Future", a report from Cushman & Wakefield.

P3, the long-term owner and developer of warehouse facilities in Europe, expands its portfolio by two urban plots located within the Warsaw agglomeration, on which P3 Warsaw I and P3 Warsaw II parks will be built. Thus, urban logistics is yet another direction of the developer's intensive activities undertaken in Poland.

Real estate developer Hagag Development Europe started construction works for its residential project H Eliade 9 Residence. The development budget amounts €16 million. 40% of the available units have been already sold in the pre-construction phase.

The Neo Mamaia residential complex developed by One United Properties at the seaside will benefit from an extension that will allow the construction of new boutique apartments. The real estate developer has announced the acquisition of five plots of land in the immediate proximity of the first Neo Mamaia compound, thus extending the complex frontal opening to the sea up to over 250 meters.

French real estate group Catinvest has opened the first Class A office building in Craiova, Romania. The new offices of Electroputere Parc are part of the mixed-use building covering 12,300 sqm that has been completed this year and another similar building with 12,700 sqm is set to be completed in Q2 2021. The total investment cost amounts to €39 million.

Echo Investment has finished the construction of the second stage of the Face2Face Business Campus office complex in Katowice, Poland. Capgemini, as the first of the tenants, started working in the new office at Żelazna 2.