Element Industrial announced the development of a 60,000 sqm logistics park in the Romanian city of Craiova. The company will build the €35 million industrial project on an 11-hectare plot of land, near the south ring road of the city, with direct access to the E70 road. The developer plans to deliver ELI PARK Craiova in three phases.

P3 has announced the signing multiannual contract with PepsiCo for the lease of 58,470 sqm of modern warehouse and office space at P3 Mszczonów park. This will be the largest PepsiCo facility in Poland forming concern’s distribution network and operating as a central warehouse. JLL represented the client in this lease transaction.

Medici Living Group, a provider of co-living space in Europe and the US, is expanding into Poland. The company has appointed Renata Kusznierska as Director Expansion Poland. Based in Warsaw, she will be spearheading the group’s expansion and roll-out of the Quarters co-living brand in the region. She will identify locations and secure buildings, with an initial focus on Warsaw and Krakow. Other cities are to follow once a foothold has been established.

Europa Capital has completed a comprehensive refurbishment of Warsaw’s Radisson Blu Centrum Hotel, which has now reopened as a five star Radisson Collection branded hotel.

Urban space in the twentieth century belonged to cars. In the 21st century, it has been reclaimed by people – this is how current urban trends can be summarised. Inward development, the narrowing of streets to expand space for pedestrians, the building of a dense network of cycle lanes and strengthening the role of public transport are some of the measures taken in modern cities to improve the lives of residents. Colliers International, in cooperation with ULI, published an expert article on current urban trends

One of the leading investment advisors of the region is seeing increased activity in Slovakia and Romania and expects further yield compression on these markets. Mike Atwell, Head of Capital Markets CEE and Czech Republic at JLL shared his thoughts on new investments, changing market trends and technology.

Investment fund Focus Estate Fund has set the goal to expand the geography of its presence in Central and Eastern Europe. In the next two years, the Fund plans to more than double its portfolio by strengthening its position in the niche of medium-sized commercial real estate in Poland and the Czech Republic, as well as by entering the Slovak market.

GTC Serbia opened Ada Mall, its first shopping centre in Belgrade, Serbia. It is the only latest-generation shopping centre in the Serbian capital and covers an area of over 34,000 sqm. This extraordinary shopping mall was designed to provide its visitors with a unique Belgradian shopping experience.

Panattoni Europe has embarked on the construction of Panattoni Park Zabrze with planned space of 64,200 sqm. The distribution centre is being built in a historic industrial part of the city, and has already secured its first tenants. They are – a beer producer set to take up 5,400 sqm and Ban-Food, a logistics operator with 2,200 sqm. The first 20,000 sqm will be available already this autumn.

At the end of Q1 2019, the total modern Class A industrial stock in the Czech Republic stood at 7.97 million sqm. In the first three months of 2019, the Prague industrial market has exceeded the magical milestone of 3 million sqm, confirming its position as the largest industrial market in the country, followed by the Pilsen and South Moravian markets, according to JLL: