Echo Investment has finalized the purchase of three plots of land from companies belonging to the Tesco group in Poznań, Łódź and Kraków. A total of approx. 240,000. sqm of modern residential, office as well as shopping and service space may be created on these plots.

The construction of Warsaw EQ2 office building by Waryński Group will be completed in January 2021. The office building, which is being constructed in the Warsaw district of Wola, at the intersection of Wschowska and Ordona streets, will be equipped with modern air ventilation units that enable the selection of appropriate filters, adequately to the epidemiological threat. The operation of the ventilation system will be supervised by BMS system, monitoring air parameters. Additionally, individual spaces within the facility will be equipped with separate ventilation systems, while access to fresh air will be ensured with the installation of tilted windows in the offices.

Panattoni is to build a warehouse and production centre for OneDayMore in Poznań. The producer of muesli, porridge and other similar food products and snacks will occupy more than 8,600 sqm in the new urban logistics park in Poznań, where it intends to start a new production line – vegetable-based meat substitutes.

Global real estate services firm Cushman & Wakefield has been appointed as a leasing agent for ECO City Katowice, an energy-efficient complex of office buildings under construction in Konduktorska Street in Katowice. This project combining offices and green areas with a total of 34,400 sq m of leasable space.

Cordia International Zrt. has announced a public tender offer to acquire the remaining approximately 7,08% of shares in Polnord SA. The goal is to increase Cordia’s stake in Polnord SA to 100% of outstanding shares.

Current owner Unibail-Rodamco-Westfield is reportedly planning to sell the Aupark shopping centre in Bratislava and is currently in the final talks with Czech investment group Wood & Company, according to index.sme.sk. The potential new owner is allegedly interested in purchasing the asset for around €500 million.

Real estate developer Hagag Development Europe extends its collaboration with Global Vision. In addition to the property management of the developer’s office building H Victoriei 109, Global Vision will provide property management services for the residential project H Pipera Lake.

The occupancy costs of office spaces represent, on average, between 3- 4% of the turnover of services companies in Bucharest, and they may fall even below 2%, in some cases, according to an analysis by Cushman & Wakefield Echinox.

One United Properties will develop a residential project in the Modrogan area, near Kiseleff Park and Aviatorilor Boulevard, a historic location within Bucharest.  

The availability of housing in Prague has slightly improved this year, but it is still incomparably worse than in the surrounding metropolises. The inhabitants of Prague have to work 13.9 years for an average 70 sqm apartment. In Vienna, for example, such a purchase only cost 8.7 annual salaries. Compared to last year, a slight improvement was registered in 2020, but the effect of the coronavirus crisis has not yet been reflected in wage statistics, according to Czech residential developer Central Group.