White Stone Development, a part of White Stone capital group has successfully placed its first unsecured bond issue worth PLN 11 million. Due to the demand exceeding the maximum bid, the reduction of subscriptions reached nearly 20%.

Skanska has announced changes in the leadership team of its commercial development business unit in the Czech Republic and Hungary. Alexandra Tomášková stepped down from the role of EVP Operations for Hungary and the Czech Republic and is currently on a 2-month sabbatical. She is considering another role in the organization.

The pandemic has affected all economic sectors, and the real estate market is no exception. However, Skanska Romania ended the first year of the pandemic with the sale of two buildings in the Campus 6 project in Bucharest for €97 million, one of the largest transactions on the market. Aurelia Luca, EVP Operations Hungary and Romania at Skanska talked to Property Forum about the company's operations in Romania.

Attila Kovács, who founded DVM Group in 1995 and Horizon Development in 2006, passed away in February 2021, the two companies announced.

Nordis Group announced the completion of a building with luxury apartments in Bucharest, an investment of €8 million. 

BCR Romania is working on a project that takes into account the increased demand for telework and flexible offices in the two buildings in Bucharest where it has rented offices, which can lead to a reduction of workplaces, Economica.net informs. 

In 2020, office take-up hit its lowest level in ten years amid pandemic headwinds despite the largest-ever single lease contract signed to date and one of the highest volumes of new office space coming onto the Warsaw market on record, says real estate advisory firm Savills. Rents remained resilient and the overall vacancy rate is still below the levels last seen during the previous supply peak five years ago.

Skanska’s has commenced construction on its new project in Prague’s Holešovice district. Based on an architectural design by the DAM.architekti studio, Port7 will include 3 new administrative buildings, which upon planned completion in the second quarter of 2023 will offer 35,000 sqm of office and retail space.

Any investor who observes the real estate market right now is likely to start with warehouse assets. This trend has already been visible, but the consequences of the COVID-19 pandemic have accelerated it to an astonishing degree, says Robert Dobrzycki, Chief Executive Officer of Panattoni who talked to Property Forum about the driving forces behind the growth of the warehouse market.

Based on independent external appraisals, CA Immo expects a property valuation effect of approx. €205 million (€2.07 per share) for the fourth quarter. The increase in value will more than compensate for the valuation loss of €21.5 million (€0.22 per share) booked in the first three quarters of 2020.