Futureal’s Budapest One office park has achieved another major milestone in its development, as the second and third phases of the complex have reached their highest point. Budapest One will house both Vodafone's new headquarters and BT's regional service centre.

IWG has announced the opening of a brand-new centre in the Szervita Square Building in Budapest. The centre, which opened last month, is operating under the Signature brand, which provides workspaces in the most sought-after locations in the world.

Although many projected that office development projects would be cancelled due to the pandemic, that is not what the numbers are showing. Developments are ongoing despite the emergence of working from home and Eston forecasts about 160,000 sqm of offices for rent to be put on the market this year, following 230,000 sqm in 2020. Meanwhile, the pre-lease ratio of buildings under construction is lower than seen in previous years, in line with the current demand trend.

The rent environment for Bucharest offices has been on a downward trend since the onset of the health crisis as flexible work arrangement that limited the presence of employees in offices were implemented, according to Investpoint.

GLP has leased 20,000 sqm of logistics space across two logistics parks in Czech Republic and Slovakia. The company is developing further GLP Parks in Ostrava and Brno, with an additional two developments in the pipeline for next year.

VisionApartments, a company controlled by Swiss billionaire Anja Graf, has acquired a land plot of 15.6 hectares near Bucharest where it plans to start a complex real estate investment. 

Cushman & Wakefield has appointed James Woodhead to head its EMEA wide Asset Services sustainability and environmental, social & governance (ESG) consultancy.

German retailer Metro Cash&Carry will expand its logistics centre in Ștefăneștii de Jos, near Bucharest, in a bid to cover higher distribution demands and sales in its network. 

Lithuanian hotel operator Apex Alliance Group has announced the opening this summer of its most extensive project in Romania, The Marmorosch Bucharest, Autograph Collection. 

The Chamber of Deputies, the lower house of the Parliament of the Czech Republic, has approved an amendment to the building law drafted by Regional Development Minister Klára Dostálová that aims to accelerate approvals on large construction projects. Now the law will be submitted to the Senate for consideration. If approved, it should come into force on July 1, 2023.