Global logistics company Hellmann Worldwide Logistics is strengthening its position in the Czech Republic. At one of the largest industrial parks in the country, CTPark Bor, the company is expanding its total warehouse space. Besides the existing 20,000 sqm site that Hellmann currently operates, an additional area of almost 12,000 sqm will be added by the end of the year. Hellmann uses the CTPark Bor for worldwide distribution but with a strong focus on the German market.

Hines has acquired a major logistics park in Wrocław on behalf of the Hines Pan-European Core Fund (HECF) from GLL Real Estate Partners (GLL), the fund manager which is part of the Macquarie Group. The 123,499 sqm logistics park is fully leased to a global online retailer. The mezzanine warehouse facility was developed in 2015 by Panattoni Europe. The transaction price has not been disclosed.

CTP has acquired 95,000 sqm of buildings from Australian company Cromwell Property Group, representing the largest transaction on the Romanian logistics market in 2020.  With this acquisition, the company expands CTPark Bucharest, thus reaching over 500,000 sqm of rentable space, occupied by over 100 customers. This acquisition aligns with CTP's strategy to create business communities and parks with complex infrastructure, thus supporting residents' businesses.

Zeitgeist Asset Management is expanding its portfolio of flats for rent in Poland. JLL advised the investor on the purchase of the property located at 34 Czyżewskiego Street in Gdańsk-Oliwa. The project is being carried out by a Tri-City developer – the BMC group.

Invesco Real Estate, a global real estate investment manager, has launched the Invesco Real Estate European Living Fund, an open-ended fund investing in pan-European residential assets.

Arcadis, an international consultancy company focused on building industry, environment and sustainable growth, summarised the current development on the Czech industrial property market in the context of the second wave of coronavirus pandemic.

Total modern warehouse stock in Poland exceeded 20 million sqm in Q3, with a further 1.5 million sqm currently underway despite the pandemic. Occupier activity was at the second-highest level on record in Q3 2020, reaching 1.22 million sqm (+49% y/y). Overall, 3.5 million sqm has been leased since the start of the year. Investor sentiment also remains robust, as testified by a record volume of transactions signed so far in 2020. Axi Immo presented its report on the Polish warehouse market in Q3 2020.

Fashion outlet developer, Fashion House Group has announced the opening of the third phase of Fashion House Outlet Centre Militari in Bucharest.

Cushman & Wakefield will act as the sole agent responsible for the commercialisation of the Łódź 1 office building of the Prime Holdings Group.

The Mennica Legacy Tower high-rise, located at the junction of Prosta and Żelazna streets in Warsaw’s Wola district, has obtained a valid occupancy permit. The main tenant, mBank, will move into the 140-metre-tall building as early as November.