Accolade is investing €35 million in the construction of Panattoni Park Bydgoszcz III. With the help of the investor, Panattoni has already completed two modern parks with nearly 90,000 sqm of BREEAM certified sustainable warehouse space in the Bydgoszcz area.

How has the COVID-19 pandemic impacted the property investment market in Romania? What are the biggest challenges companies face these days? Is the wait and see period really over in Romania? Four experts tried to answer these questions and more at SEE Property Forum 2020, a hybrid event organised by Property Forum and RICS. We summarised the highlights of the discussion, moderated by Codrin Matei (Crosspoint Real Estate).

A Hungarian real estate fund, advised by VLK Cresa, has acquired the Target Center retail park in Kecskemét, Southern Hungary. The name of the seller and buyer or the purchase price has not been disclosed.

HelloParks, Futureal Group’s recently established industrial and logistics property development and investment company, has acquired its first development plot in Fót, next to the junction of motorways M0 and M3. The 76 ha greenfield investment will house energy-efficient buildings that meet the BREEAM sustainability standard, with the first facility to be completed next year.

CEE Investment volumes for the Q1-Q3 2020 period have reached ca. €8.0 billion and are 12% down compared to the same period of 2019. Poland attracted €4 billion which represents 50% of all volumes in this period. Average transaction sizes are up 31.5% and the number of transactions is down 32% according to Colliers International. Despite investor appetite remaining strong for CEE, year-end volumes are likely to reach €10-11 billion, ca. 20% lower than in 2019.

The industrial/logistics asset class is presently the most attractive for a majority of banks in Central & Eastern Europe (CEE) following the breakout of the COVID-19 pandemic, according to results from the latest edition of KPMG’s Property Lending Barometer (PLB), an annual study by the global audit and advisory firm that attempts to measure banks’ lending sentiments in Europe’s property markets. That preference lies in contrast to where most bank finance in Europe has typically landed prior to COVID: the office segment.

The region’s largest shopping centre Galerija Belgrad will open on 30 October. With a total area of 300,000 sqm, Galerija Belgrade will offer local and international brands in one place, dozens of cafes and restaurants, two entertainment complexes, a cinema with the most advanced IMAX technology and as many as 3,600 parking places.

The 12-month rental outlook for both prime and secondary CBD offices is stable in Bucharest and Budapest and negative in Warsaw. In Prague, the outlook is negative for prime assets and stable for secondary assets. The vacancy rate is expected to increase over the coming year in all of the four capital cities. Occupier conditions are currently neutral across the region, with Bucharest and Budapest expected to become tenant markets over the next 12 months, according to Colliers International.

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.