Nexity has announced that sales of apartments in its latest investment in Warsaw - La Praga in Radzymińska St. - has come to an end. The transaction has been sealed by a contract made with a Dutch investment fund Van der Vorm Vastgoed, which acquired all available apartments (more than 80% of apartments in the real estate property). The fund declares that they will be available for long-term rental.

Managing directors believe that the conditions for doing business in the next six months will be the same or better than now. Only 9% of people fear that it will get worse. This optimism translates into the belief that employees will return to their offices in mid-2021, according to the CBRE report "The Future of the Office Survey". Currently, companies are prevented from physically returning to their office space by the high number of cases in a given country, the risk of the virus spreading through the company, and the employees’ reluctance to return.

Cushman & Wakefield have summarised Q3 2020 on the industrial market in Central and Eastern Europe. The CEE market is booming with record-high occupier activity reported in YTD 2020. The region has seen the strongest growth for logistics demand in Europe overall, predominantly driven by logistics and e-commerce. The acquisition of the Goodman portfolio by Gazeley is one of the largest logistics transaction seen in the region in the last decade and reflects the growing importance of the sector. Prime industrial yields remain at their 10-year lows.

NEPI Rockcastle is increasing the sustainability targets for the following decade and aims to become carbon neutral by 2030. The Group’s initiative meets the EU’s efforts to combat climate change through carbon neutrality. BuildGreen, advisor in the field of sustainable development in Central and Eastern Europe, will provide NEPI Rockcastle carbon-neutral audit and sustainability strategy, to meet the Group’s target and support the line created within the realms of the Paris Agreement.

Aareal Bank has arranged and underwritten the refinancing of two logistics and industrial parks in premium locations in the Czech Republic on behalf of CTP. Aareal Bank acted as Mandated Lead Arranger, Sole Lender as well as Facility and Security Agent. The facility comprises a total commitment of approximately € 403.5 million with a loan term of 10 years.

The public sector, which employs over 3 million people in Poland, is becoming an increasingly stronger player on the office real estate market.

Mindspace, a global provider of flexible workspaces, together with JLL, Colliers International, CBRE, ShareSpace and Brookfield Partners, has published an eBook with forecasts for the development of the flex office space sector in Poland. The experts agree that the current situation has prompted a number of companies to analyse their long-term lease obligations and redesign their strategies for further actions.

While taking care of problems caused by the COVID-19 pandemic, office developers in Poland already plan their strategy for the expected supply gap in the years 2023-24. Jeroen van der Toolen, Managing Director CEE at Ghelamco summarises the year 2020 on the Polish office market and explains why professional office space will be a needed commodity in the long run.

CTPark Ostrava is currently home to 75 companies with 9,000 people employed there and the site continues to attract new firms looking for suitable sites for production space. The offer of such space in the Moravian-Silesian Region has grown by 70% year-on-year. The site owner, CTP, has now concluded agreements with Brembo, Hyundai Steel and Škoda Vagonka on new operations at the park. More than five hundred new jobs will be created in the region as a result.

CBRE Global Investors in collaboration with general supplier Demaco have handed over the new premises in Nýřany to their client Faurecia represented by the industrial agency of Colliers International Czech Republic. Faurecia Seating Plzeň opened its plant in this location in 2013 and earlier this year, and the automotive supplier agreed on an expansion within the existing location. The new premises will be used for manufacturing automotive seating for BMW, Opel, Volkswagen and other brands. The site can also offer space for another expansion.