More than a third (36.5%) of Romanian employees believe that the entire team within the company they are working for will return to the office this year, a recent survey initiated by Genesis Property shows. 

On behalf of a German client, JLL’s Industrial Agency and Capital Markets Teams cooperated to sell the real estate component for a unique medical production operation in the Central Bohemian region of the Czech Republic in a 10-year sale & leaseback transaction. The asset also includes over 10,000 sqm of land with development potential.

German-focused investor Aggregate Holdings S.A. confirmed that it may be considering a potential acquisition of a stake in CA Immo, which may also include launching a partial takeover offer for shares in CA Immo in accordance with the provisions of the Austrian Takeover Act.

South African developer Fortress REIT is close to entering the Romanian logistics market by acquiring the logistic park in Chitila, owned by Element Industrial and Dedeman, according to Ziarul Financiar, which cites market sources.

Globally, there is set to be a 50% surge in investment into commercial real estate in the second half of the year, predicts Colliers International in its new Global Capital Markets 2021 Investor Outlook paper. In EMEA, the momentum continues in the industrial and logistics and living sectors which are less dependent on economic growth. Investors are also particularly interested in core office stock, albeit selectively, with some 32 per cent of respondents looking to invest in the sector.

European logistics real estate markets have not suffered last year from the COVID-19 pandemic. Due to fast-growing e-commerce and higher inventory levels of producers, the total expected take-up in 11 European countries of 23.6 million sqm for 2020 is only 3% down compared with the record year 2019. The forecasts for this year are even better with an expected take-up of 27 million sqm – an increase of 14%. Particularly large logistics real estate markets like Germany, France, the Netherlands and Poland are expected to grow substantially.

Amazon continues to invest in Poland and will create over 1,000 new permanent jobs in Swiebodzin within a year of opening. Its tenth facility in Poland will include advanced Amazon Robotics technology, with 3,000 robotic drive units supporting the company’s associates.

The total volume invested in real estate assets in Romania reached €914 million in 2020, a 28% increase compared 2019, according to the Romania Investment Marketbeat launched by Cushman & Wakefield Echinox.

Carrefour Romania renewed its leasing contract with P3 for approximately 85,000 sqm in P3 Bucharest A1, making it one of the largest deals on the local logistics market. CBRE Romania assisted P3 in this deal. 

Wing completed the development of the revitalised Gizella Loft office building, in the heart of Zugló, in fall 2020. The building offers 8,500 sqm of office space. Its redevelopment has transformed it into a Class A, people-oriented and cost-efficient space ready to welcome future tenants. The main tenant which had already occupied the building, TÜV Rheinland Intercert Kft., committed itself to the Gizella Loft in 2019, and in September 2020 took occupancy of the space designed according to its needs.