The demand for industrial spaces in CEE is moderating after a record year, with vacancy rates having slightly increased but still at a healthy level. The shift in demand patterns has included larger deals and tenant diversification. Despite challenges, logistics is an attractive asset class with yields comparable to offices and retail, revealed the discussion at CEE Property Forum 2024 in Vienna, chaired by Martin Polák, Managing Director CEE at GARBE Industrial Real Estate.

The investment group DRFG has bought the Signum Work Station office building in Warsaw, with a leasable area of ​​over 32,500 sqm, reports E15.cz.

The biggest growth in Eastern Europe is foreseen in Bulgaria going into 2025, while the rest of the countries are projected to make side moves in the coming years, according to a report by the Eastern European Construction Forecasting Association (EECFA).

According to Savills research, European retail investment volumes reached €19 billion for Q1 to Q3 2024, marking a 6% increase compared to the same period last year. Luxury high street yields are the most favourable among retail investment properties.

A new unit in Arete Park Rokycany 1 has been completed and handed over to the tenant, Safran Cabin CZ, a manufacturer of cabin interiors. The unit is part of the park's second building, which is expected to have a total leasable area of more than 15,000 sqm.

Kálvin Square office building, managed by ConvergenCE, has achieved a near-record 99 percent lease occupancy.

Gránit Asset Management has completed the purchase of the historical Exchange Palace building in Budapest, from private investors, for an undisclosed sum.

Skanska has started the development of the second office building of the H2Offices complex in Budapest.

Ema Iftimie, Globalworth Romania’s Managing Director, delves into the most pertinent aspects of Globalworth’s Romanian-focused developments, answering key questions that showcase the company’s vision and future in this market. This interview was first published in Property Forum’s annual CEE TOP 100 publication.

Panattoni has finalized the sale of two industrial parks – Panattoni Park Ruda Śląska III and Panattoni Park Kraków East II – to an international investor specializing in commercial real estate as its entry to Poland. The total transaction value reached ca. €70 million.