The gross lettable area of industrial locations operated by CTP has passed 6 million square meters. The growth has continued due to long term trends of increasing e-commerce and supply chain relocations, supported by the COVID-19 crisis.

The transaction in which Sif Banat – Crișana bought the shares held by Doosan Heavy Industries & Construction in Doosan IMGB, was authorized by the Competition Council. The transaction, involving a land plot with an area of ​​540,000 square meters, the largest land plot ever traded in Bucharest, was brokered by Crosspoint Real Estate.

Across Europe, markets have stabilized as the impact of COVID-19 on logistics real estate has begun to dissipate, with strong investor demand for the sector driving yield compression. The rent growth outlook has become more positive as markets have steadied and supply-side constraints have remained intact, driven by low levels of speculative development in most continental European countries. Land scarcity is also affecting rent growth.  Prologis published its third-quarter global earnings announcement along with its European and Central European performance update.

Funds managed by Partners Group are to acquire nine newly built, largely occupied office buildings from BUMA's portfolio and two assets under construction with a total leasable area of approximately 125,000 sqm for circa €200 million. The assets are located in Kraków and Wrocław. REINO Partners will partner with Partners Group to manage the portfolio.

Half of the employees who normally work in office buildings continued to work mainly from home even after the state of emergency was lifted, despite the fact that, during the summer, most companies began to bring back their employees partially or through rotation in the office spaces, as shown by a research study conducted by Cushman & Wakefield Echinox regarding the working methods of employees in Romania during the COVID-19 pandemic.

Partially due to the pandemic, demand for office space on Poland’s largest regional markets from January to September was 11% lower year-on-year. Many tenants are temporarily postponing expansion plans and relocation decisions, according to JLL’s summary.

AFI Europe Romania has inaugurated its AFI Brasov mixed-use project on 21 October. The project, located near the city’s historic centre, includes a modern shopping centre with 45,000 sqm GLA and 15,000 sqm GLA of office space rising above the retail floors.

CTP announced its expansion plans for the Transylvania area. The developer plans to double the leasable area of ​​logistics spaces in the Transylvania region until 2023 by investments of €50 million in the expansion of its two logistics parks around Timișoara. Some of the spaces included in the construction plan are already leased to companies from the logistics and manufacturing sectors.

In the third quarter of this year, residential developers operating in the six largest cities in Poland sold 13,300 units, which is 94% more than in the previous quarter. In most markets, these units were sold at higher asking prices than in the second quarter. Thanks to new launches, which returned to the level seen at the beginning of 2020 of 13,000 units, the offer remained stable, according to the latest JLL report on Poland’s residential market.

Tyre manufacturer Nexen Tire Europe is expanding its activities near Žatec. Besides its plant in the Triangle Strategic Industrial Zone, the company will lease from CTP an additional large warehouse at the neighbouring ctPark Žatec, from March 2021. The 12,000 m2 Central Distribution Warehouse will be constructed for supplying the whole European market with tyres manufactured by Nexen for passenger and commercial vehicles.