Radisson Hotel Group is launching a global roll-out plan of plastic reduction – including the introduction of bulk amenities in all hotels across the group’s portfolio by 2022. 

Office take-up in Prague has been slowly decreasing since 2017, cooling down further last year. Companies relocate or expand less often and increasingly more of them prefer to stay in their current location. Compared with earlier years, the share of major transactions in excess of 3,000 sqm was lower last year. The situation is not dramatic, however, as area absorption remains relatively high. This development can affect rents, though – their current amount will become untenable. By contrast, Brno saw a record-breaking increase in take-up and a strong share of major transactions last year, with rent amounts increasing as well, according to Cushman & Wakefield’s report.

A new record level of modern industrial, office and retail projects is expected to be delivered in 2020, as developers announced projects of over 1.2 million square meters, according to the latest Bucharest City Report published by JLL.

According to the latest RICS Commercial Property Monitor, occupier and investment sentiment remains mostly positive across main CEE markets with the exception of Bulgaria where the outlook is slightly negative. Retail continues to suffer across the region as demand for retail assets fell on both the occupier and investment sides of the market in most countries.

Romanian developer Forte Partners has acquired a 9,300 sqm land plot of on Expozitiei Boulevard in Northern Bucharest, Ziarul Financiar reported.

In 2020, student housing markets in Europe are expected to grow stronger with Poland becoming one of the most attractive countries at a continental level. Stefan Kolibar, Head of Marketing at Bonard talked to Property Forum about the trends driving this segment regionally and globally.

In 2019, the Polish warehouse and industrial market witnessed a record supply amid an unwavering occupier demand despite the earlier fears of an economic slowdown, says real estate advisory firm Savills. Demand continues to be driven, among other factors, by e-commerce.

Local investors continue to dominate the Czech property market as new family offices, private wealth and retail funds continue to establish and expand. Colliers International published its Q4 2019 investment, industrial and office market overview of the Czech Republic.

In 2019 the volume of property investment transactions on the Hungarian market decreased slightly in comparison with the previous year (€1.75 billion), however, the total value of transactions has been higher than €1.5 billion every year since 2016. There was a strong and stable demand for office and retail properties, with the volume of hotel sales also increasing significantly, according to Eston International’s H2 2019 investment market report.

Romanian developer Urbano Parks is investing €14 million in a logistics park located in Cluj-Napoca, Romania.