CTP further expanded its portfolio in Romania and in the vicinity of Bucharest where it owns three properties: CTPark Bucharest West, CTPark Bucharest and CTPark Bucharest Chitila. The most recent 57,000 sqm purchase, Equest Logistic Park, is located near the capital, on the A1, at km 13. It was acquired for approximately €30 million from Forum Serdika, in the beginning of March 2020.

NEPI Rockcastle is donating €150,000 to the International Red Cross Organization aimed for supporting the efforts of preventing the spread of COVID-19. The amount of money will be distributed according to the current medical needs and will be used for the purchase of disinfectant substances or items vital in slowing the spread of the virus. Public awareness campaigns will also be supported.

Panattoni has started building a distribution centre for a manufacturer of sportswear and accessories. The BTS facility with an area of over 67 000 sqm is under construction in Czeladź, Upper Silesia. Completion of phase one is planned for H1 2021.

Although the coronavirus pandemic has the world (and the property sector) facing an unprecedented challenge, one positive consequence seems to be certain – it is going to accelerate the adaptation of technology. Property Forum asked three people in proptech to share their thoughts on how COVID-19 is going to impact the way we work and connect to each other.

The Bucharest economy stands as one of the most insulated service centres in Europe to the negative fallout related to the COVID-19 outbreak. This is largely due to Bucharest’s heavy reliance on IT&C activities as well as scientific and professional services, on par with European capitals like Dublin, Paris and London.  That said, Romania’s high integration in global value chains means that it will face significant headwinds given negative developments in the global economy.

MLP Group has purchased a land property located in Widzew district in the Southeastern part of Łódź where it plans to construct MLP Łódź, an 80,000 sqm modern logistics and distribution centre.

Colliers International has launched a microsite to provide insight and recommendations for business during the COVID-19 global pandemic.

Swiss Pillar Investments Europe SARL, part of the Swiss Reinsurance Company, has applied to the Polish competition authorities to acquire five warehouse facilities from AEW in Poland.

Hungary-based developers Futureal Group and Cordia have decided to donate €700,000 (HUF 250 million) to the fight against COVID-19. The directors of the company will decide on the usage of the funds shortly,

With the acquisition of another 10.4 percent stake, Wing's stake in Echo Investment has increased to 66 percent, the Hungarian investor-developer announced.