CBRE Group announced a decision to discontinue most of its business in Russia in response to the horrific attack on Ukraine. The company has begun the process of exiting its office in Moscow, which provides leasing, investment, property management and valuation services, and terminating two existing affiliate relationships in the country. Consistent with its contractual obligations, CBRE will continue to manage facilities and provide other essential services for existing multi-national clients that are operating in Russia.

Immofinanz today received a request to convene an extraordinary general meeting, together with an agenda covering elections to the Supervisory Board. According to the convocation request, CPIPG holds an investment (directly and indirectly) of approximately 54.86% in Immofinanz and recommends (via its subsidiary WXZ1 a.s.) two new members for election by the general meeting.

Colliers stands with the people of Ukraine, an independent country and strongly condemns the invasion by the Russian military. These actions are indefensible and in complete contrast to the principles of democracy and freedom. Colliers fully supports all appropriate sanctions enacted by the international community and, in response to the gravity of Russia’s aggression, the company has discontinued its business in Russia and Belarus, effective immediately, after more than 28 years of operations. Colliers thanks its former colleagues and partners for their work over the years and wishes them well as they navigate the future.

Lincoln Property Company (LPC), an established investor, developer, and provider of management services, active in the US and European commercial real estate sector, has resumed its operations in Poland. Damian Grzywacz was appointed Managing Director of Lincoln Property Company in Poland following LPC’s acquisition of The Form in Warsaw last year, and has been tasked with identifying further investment projects in the region.

GTC Hungary has appointed new top managers who will be responsible for serving GTC’s clients more efficiently.

MDC2  – a developer of warehouse and industrial space operating on the Polish market – announced a new key hire in their Development Team. Ewa Zawadzka was appointed a Director, Head of Development effective February 1, 2022.

The post-pandemic times are bringing many changes in the demands and expectations of clients. There is also a strong demand for better tools and resources. Therefore the Colliers Czech Republic appointed a new Head of the Industrial and Investment teams.

Cushman & Wakefield expands its sustainability and ESG services. In the Central and Eastern European region, Tereza Jelínková will lead the coordination of Cushman & Wakefield’s sustainability teams.

ITRA Global announced it has launched its operations in Poland and opened an office in Warsaw. The new company, International Tenant Representation Polska, will exclusively represent tenants in the office, industrial and retail market. The firm will be led by Artur Sutor.

2022 has started with a significant milestone for CEE-based proptech company Maxify – the opening of a new office in London, with the UK now acting as its primary legal jurisdiction. At the same time, the company has moved its IT infrastructure to be hosted in the Netherlands.