Zeitgeist Asset Management, a company specializing in development services and asset management for private and institutional investors, purchased two properties in Kraków from Orange. One of them is a historic building at ul. Wielopole 2, where the seat of the Main Post Office is located, the second one is a partially built-up plot at ul. Cystersów 21.

Flow volume into the CEE-6 commercial real estate markets picked up in Q2 2019, registering a cycle-high €3.3 billion for the quarter. Following on from the weaker Q1, H1 2019 volumes at €5.5 billion were thus just -3% down on H1 2018’s record, according to Colliers International's data.

Czech developer UDI Group has purchased a 2 ha plot in Budapest and unveiled its plans to enter the Hungarian market.

LaSalle Investment Management Inc. has completed the purchase of Panattoni Warsaw West VI in Grodzisk Mazowiecki. Experts from JLL advised the buyer in this deal.

In Q2 2019, developers operating on the six largest markets in Poland sold the total of 15,100 units, i.e. 8% less than in the previous quarter. The new supply in that period equalled 14,900 units – hence, the offer volume remained at the level of the previous quarter. The latest JLL’s report entitled “Residential Market in Poland Q2 2019” shows that prices of residential units are still growing, but at a much slower rate. This makes it possible for developers to maintain margins at a satisfactory level.

Eastern Poland continues to attract increasing interest from both Polish and overseas investors. Its cities, including Lublin, Białystok and Suwałki, are gaining favour with logistics and manufacturing firms planning to expand, according to Kamil Żach, Land Specialist, Industrial and Logistics Agency at Cushman & Wakefield.

CTP is on a good track to deliver more than 100,000 sqm premium category industrial space on the Budapest market in the next 12 months.

Over the past five years CBRE, through the Building Consultancy Division, has managed the building projects of three production units in Romania with a surface area of approximately 50,000 sqm that totals customer investment of over €100 million.

During Q2 2019, gross take-up on the Czech industrial market, which includes renegotiations, reached 380,500 sqm showing an increase of 21% over the Q2 2018. The Industrial Research Forum announced the final industrial market figures for Q2 2019.

Total demand on the Budapest office market reached 163,390 sqm in Q2 2019, representing an almost equal amount of take-up compared to the same period of last year. New leases accounted for 42.7% of the total leasing activity, according to BRF’s latest figures.