Large manufacturers to halt production in CEE

02
Apr
2020
News - Large manufacturers to halt production in CEE #CEE #coronavirus #economy #manufacturing #production #SEE #Serbia #Slovakia

by Property Forum | Economy

As part of the fight against the coronavirus, many firms have decided to temporarily cease their production to ensure the health of their employees.


The production halt at the Volkswagen plant in Slovakia has been extended until 19 April due to the falling demand and the limitations to supplies. Also, Jaguar Land Rover has suspended the production at its plant in Nitra at least until 14 April.

In Serbia, German chemical and consumer goods company Henkel has temporarily closed its manufacturing facilities in Krusevac until the middle of April. Logistics will continue to operate at a reduced capacity. The decisions have been made also due to the dropped market demand related to the economic impact of the pandemic.




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New leases

  • Sports Direct has leased 1,700 sqm in XOPark Sofia for its first Bulgarian store, in a deal brokered by CBRE.
  • LAPP Romania has renewed its lease for approximately 2,000 sqm within CTP Romania's CTPark Bucharest, in a deal brokered by iO Partners.
  • Astellas Pharma has renegotiated its lease for offices at One Floreasca Bucharest in a deal brokered by Fortim Trusted Advisors, an alliance member of BNP Paribas Real Estate.

New appointments

  • 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.
  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.


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