Shops, restaurants and hotels have opened again in nearly all of the markets in which the listed real estate investment company S Immo AG operates. Romania was the last to reopen, as the strict restrictions remained in place significantly longer there. However, hotels have been operating without restrictions and all shops have been open here as well since Monday, 15 June 2020. T

Office spaces will become a hive of activity in the future as more businesses embrace office designs which promote innovation, creativity and team collaboration, predicts Colliers International. The EMEA Workplace Advisory team has published its latest report which evaluates feedback from its global Work from Home survey to discuss future workplace trends.

New Work, a CEE-based flexible office space provider, launches its Series C capital increase. Its business focus will be on the development of services that address the challenges of the COVID-19 pandemic.

Despite a short-lasting downturn in economic activity caused by the COVID-19 pandemic, the Polish construction industry will continue to exhibit significant potential for growth right up to 2025. Notably, the outlook for the civil engineering sector has improved compared with the previous projections. A vast majority of projects underway or planned to implemented are located in the six most economically advanced regions, which account for almost 65% of the construction market’s total value.

Before the coronavirus outbreak, Poland was among the fastest-growing economies in the European Union. What’s it like now? In its latest report, Cushman & Wakefield brings an overview of the macroeconomic situation, looks at the impact of the pandemic on each real estate sector and presents economic growth forecasts for Poland.

Virtual Property Forum, Europe's first comprehensive online property conference was held last week. We summarised some key insights of the panel discussion about investment strategies for the post-lockdown world, moderated by Otis Spencer (P3).

Bucharest has been named one of the top 10 European Tech Cities of the Future for 2020/21, according to fDi and TNW. The Romanian capital ranks as #7 making the Central & Eastern European city with the highest score. Five other cities – Warsaw (#15), Sofia (#20), Prague (#22), Tallinn (#23) and Krakow (#24) have made it into the top 25.

The European construction industry will be hit hard by the COVID-19 crisis, according to Euroconstruct's latest forecast for 19 European member states.

72 speakers and several hundred attendees will be joining the next online event organised by Property Forum and RICS, Virtual Property Forum 2020. With three speeches and eleven panel discussions, this event will provide a comprehensive overview of the trends currently driving real estate markets in the CEE region and beyond.

In Q1 2020, S Immo’s rental income rose by around 10% in annual comparison to €31.1 million (Q1 2019: €28.4 million). The FFO I – a key figure for operating performance – advanced by 27.8% to €13.8 million (Q1 2019: €10.8 million). At the same time, the results on property valuation turned negative to reach minus €31.5 million in the wake of the COVID-19 pandemic (Q1 2019: plus €9.9 million). This corresponds to around 1.3% of the IFRS real estate assets. All in all, the company saw a loss for the period of €21.4 million as of 31 March 2020 (Q1 2019: profit for the period of €15.1m million).