March was the twelfth consecutive month to see decreases in confidence in the construction sector. The seasonally-adjusted confidence index dipped into negative territory, and it plunged to a three-year low. Since the March survey does not reflect a completely new economic reality, it is expected that construction confidence will fall dramatically in April.

CPI Property Group has taken over the property management of the Eurocentrum office building which it acquired in November 2019.  

The decision of the authorities to temporarily suspend the purchase of goods considered non-essential from shopping centres affects more than 9,000 stores and each day when they are closed equals €15-20 million lost income, according to Cushman and Wakefield Echinox.

The first online panel of Property Forum took place yesterday, where six experts discussed the effects of the coronavirus outbreak on the real estate market in CEE. Our panelists discussed who could be the biggest winners and losers of the current situation, what to expect in the logistics and retail markets and how the current spread of remote working may affect the office market and coworking operators. They also explained the possible impact of the coronavirus crisis on investments and ongoing and planned developments.

CPI Property Group published results for the financial year ended 31 December 2019. “2019 was a year of many achievements for CPIPG. We grew our office portfolio, tightened our financial policy and strengthened our liquidity,” said Martin Nemecek, CEO of CPIPG.

The €300 million sale of NEPI Rockcastle’s Romanian office portfolio to AFI Europe has been suspended due to the coronavirus crisis, Profit.ro reports.

A new report on the hotel investment scene in CEE reveals that in 2019 the CEE6 markets were rapidly catching up with their western neighbours, both in terms of investment volumes and sophistication. The second annual report by Cushman & Wakefield and international law firm CMS explores the underlying investment trends across CEE6 countries and looks at the various innovations that have shaped the hotel industry in recent years.

Savills Investment Management has completed the acquisition of the logistics unit leased to Leroy Merlin in Piątek from Invesco Real Estate, the global real estate investment manager, on behalf of Korean institutional investors managed by Vestas Investment Management.

Panattoni has leased out 35,000 sqm at Panattoni Park Gliwice III. As a result, another Panattoni distribution centre is now fully commercialised. The tenant will move into the park before the end of April and will use it for e-commerce order fulfilment.

CBRE has leased 4,000 sqm at Warsaw Unit, which is currently under construction by Ghelamco near the Rondo Daszyńskiego. The 202-meter building will offer 57,000 sqm of office space on 45 floors as well as a multi-story garage for 450 vehicles and infrastructure for cyclists, including bike parking, locker rooms and showers. Completion is scheduled for 2021.