New Work has been expanding rapidly in the Polish market during 2019. In total, the company has added six locations to its Polish portfolio over the past 10 months.  

The share of private sector student accommodation in Prague stood at 6% of the total stock of purpose-built student accommodation (PBSA) in October 2019, up slightly from the 5% recorded at the same time last year, according to the latest Savills research.

There’s a lot of capital targeting real estate in Central & Eastern Europe but finding the right investment product remains a huge challenge. Panellists of the CEE investment panel at Portfolio Property Investment Forum 2019 in Budapest discussed the risks investors in the region need to keep in mind.

Dunwell Industrial Brokerage has assisted MLP Group in opening a new, 2,500 sqm location in Bucharest for one of the largest banana importers and distributors in Europe, Citronex.

M7 Real Estate has purchased the Nowa Kamienica office building in Kraków for €11 million. With this transaction, M7 Real Estate has fully invested its first dedicated Polish investment fund, M7 POLAF.

Czech investor CPI Property Group has completed the acquisition of the Eurocentrum office complex in Warsaw from Capital Park. JLL advised the buyer on the transaction.

In the first three quarters of 2019, the regional city investment volume reached €1.06 billion, matching the level recorded in the whole of last year. Cushman & Wakefield forecast this year’s total volume to hit €1.3–1.5bn, 25-40% above the equivalent level in 2018. Prime office yields stand at 5.50%–6.00% in Krakow and Wrocław, and at 6.75–7.25% in Gdansk, Poznań, Katowice and Łódź.

The construction of Millennium Gardens, TriGranit’s newest office development in Budapest, has reached the ground floor level. Situated in a well-known cultural neighbourhood next to a green promenade by the Danube in Budapest, the 37,000 sqm GLA development will be handed over in Q2 2021.

Jakub Volner has been appointed as the new Head of Industrial Agency at JLL Slovakia. Jakub joined the company in 2016 and during his time he enjoyed the professional experience at the Industrial Agency department while working on some of the largest lease transactions as well as significant sales of several production halls across Slovakia.

ProperGate has signed a cooperation agreement with CFE. The intelligent logistics management system, developed by ProperGate, will be pilot tested at the construction site of one of the biggest retail centres in the Mazury district.