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

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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