CEE countries start to loosen lockdown measures

14
Apr
2020
News - CEE countries start to loosen lockdown measures #CEE #coronavirus #economy #recession

by Property Forum | Economy

Countries in CEE acted early by closing their borders and introducing lockdown measures in response to the pandemic. Now, Austria and the Czech Republic are among the first in Europe to begin lifting their coronavirus restrictions.


Austria's Chancellor announced a step-by-step plan to loosen coronavirus restrictions and reopen the economy. The process is starting today by reopening small shops (up to 400 square metres) as well as all home-improvement, hardware and garden stores. People entering the stores need to wear face masks.

According to the step-by-step plan, larger shops and shopping malls, as well as hairdressers, can reopen on 1 May, while hotels and restaurants on 15 May.

The government of The Czech Republic has also started to loosen some coronavirus restrictions. Outdoor facilities for individual sports and shops selling construction, hobby and hardware products can reopen today. Also, essential travel, such as business trips, is allowed as of today.

As we have written earlier, the government of Slovakia has already allowed to open selected shops from 30 March. The shops needed to adopt strict hygienic measures in order to be allowed to reopen. The number of people entering the shop is limited and the disinfection of hands is required.




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New leases

  • E-commerce player 4M Pro&Invest has leased nearly 4,100 sqm of warehouse space in Panattoni Park Poznań XIV. This agreement marks the completion of the leasing of the two completed phases of the development.
  • Panattoni has commenced construction on the latest phase of Panattoni Park Gorzów II, developing a bespoke BTS warehouse for DPD Polska. The facility will encompass 5,300 sqm tailored to the courier company’s operational requirements. DPD Polska is scheduled to begin operations at the new site in August 2026.
  • Romanian strategic advisory firm Infinexa Restructuring has relocated its HQ to GTC’s City Gate South Tower in Bucharest. The move supports their integrated approach to delivering complex debt restructuring, insolvency mandates, and preventive procedures for distressed companies.

New appointments

  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.


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