News - CTP secures new tenant in Košice
09
Nov
2020

CTP secures new tenant in Košice

by Property Forum
Ehlebracht, an international company with a production site in Michalovce, is moving to ctPark Košice. Construction on the 8,916 sqm hall should start this November with handover scheduled for the end of 2021. The production enlargement will bring 60 to 80 new jobs to the region.
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News - J&T fund invests in logistics assets near Pardubice
09
Nov
2020

J&T fund invests in logistics assets near Pardubice

by Property Forum
J&T INVESTMENTS SICAV, a fund created by the J&T financial group, has invested in logistics facilities in the Pardubice region. The complexes, which were built in 2009-2012, offer 35,000 square meters of warehouse space and are long-term leased to quality tenants.
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News - GTC completes sale of Budapest office building
09
Nov
2020

GTC completes sale of Budapest office building

by Property Forum
GTC has sold Spiral, a Class A office building located in Budapest, Hungary. The sale will generate €41 million of free cash.
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News - Partners Group and Northern Horizon exit €200 million CEE JV
09
Nov
2020

Partners Group and Northern Horizon exit €200 million CEE JV

by Property Forum
Partners Group and Northern Horizon have announced the sale of the last two assets, both located in Riga, in their €200 million CEE joint venture to Grinvest, a Singapore-based property and renewable energy investor.
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News - Hungary’s construction industry still hasn’t pulled itself together
06
Nov
2020

Hungary’s construction industry still hasn’t pulled itself together

by Property Forum
In previous quarters the analysts of the EBI Construction Activity Report broadly discussed the negative effects of the pandemic on Hungary’s construction industry. The latest figures also suggest that there is still no improvement in the sector after a weak first half of the year.
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News - Warsaw’s office market sees a rise in lease renegotiations
05
Nov
2020

Warsaw’s office market sees a rise in lease renegotiations

by Property Forum
238,300 sqm of office space was delivered to the Warsaw office market in the first three quarters of 2020, reveals Cushman & Wakefield. Due to the worsening sentiment of market participants, prime headline rents edged down by €0.25/sqm/month, standing at €23.75/sqm/month in the centre and at €14.75/sqm/month in non-central locations.
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News - The Czech industrial market is not cooling down
05
Nov
2020

The Czech industrial market is not cooling down

by Property Forum
During Q3 2020, gross take-up on the Czech industrial market reached 289,400 sqm which is a decrease of 21% year-on-year. Still, the vacancy rate decreased over the quarter. The Industrial Research Forum announced the industrial market figures for Q3 2020.
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News - ESG considerations play little role in investment decisions across CEE
05
Nov
2020

ESG considerations play little role in investment decisions across CEE

by Property Forum
While in Poland over 20% of investors are favouring projects that have high ESG-related ratings (which is fourth highest figure globally), Hungary and the Czech Republic are the two countries with the highest share (over 40%) of respondents saying that ESG considerations play no role when they evaluate projects, according to the latest results of the RICS Global Commercial Property Monitor.
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News - South African fund plans to invest in Romexpo project
05
Nov
2020

South African fund plans to invest in Romexpo project

by Property Forum
South African investment fund RMH plans to invest €200 million in the mixed-use real estate project planned around the Romexpo exhibition centre in Bucharest by Romanian businessman Iulian Dascalu and Atterbury Bucharest, the local subsidiary of South African investor Atterbury Europe (which is 37.5% owned by RMH). RMH will own a quarter of the project, according to Profit.ro.
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News - Investment activity in Poland remains strong for now
05
Nov
2020

Investment activity in Poland remains strong for now

by Property Forum
Poland’s commercial property investment volume surpassed €4 billion in the January-September period of 2020, down by 12.4% on the same period in 2019. Logistics accounted for nearly half of the investment activity while offices made up 38% of the transaction volume in Q1-Q3 2020, according to Cushman & Wakefield.
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Latest news


New leases

  • Astellas Pharma has renegotiated its lease for offices at One Floreasca Bucharest in a deal brokered by Fortim Trusted Advisors, an alliance member of BNP Paribas Real Estate.
  • Czech furniture industry supplier Hranipex, a provider of edge banding, adhesives, cleaning products, and accessories, has leased nearly 3,000 sqm of warehouse space at CTPark Bucharest South. The company has relocated its operations to the new facility and is currently fully operational within the park.
  • Oracle has renewed its lease for 600 sqm of office space in Belgrade, in a deal brokered by iO Partners.

New appointments

  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.
  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.

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