Nine shopping centre owners in Romania, together with CBRE, have urged the Romanian Government to reopen large shopping centres as soon as possible.

Beirut-based investor FFA Real Estate has acquired the Młodziejewski Palace in Warsaw from German investment fund Patrizia. The acquisition was made through FFA Real Estate’s special purpose vehicle Midolux 2. The transaction price has not been disclosed.

Reopening the office requires rethinking the daily experience and setting clear protocols for how everything in the office operates while managing the health and safety risks of our employees. How the returning to work is managed will be critical for employee health and well-being but also for the confidence in their employer and landlord, according to the latest data from CBRE.

Electro-IT and home & deco online retailers take up approximately 370,000 sqm of storage space and this volume could increase by at least 50% in the next two years, due to the development of online commerce, reveals the Romania e-commerce research report launched by CBRE.

The immediate impact of COVID-19 pandemic in the real estate market will be felt during the second quarter of the year while on the medium and long term the focus will be on health and safety measures as well as on technology, these are the main takeaways from the Romania Call Flash, organized by CBRE Romania.

While the current situation imposed by the COVID-19 pandemic has delayed various investments, CBRE’s Building Consultancy team continues to manage ongoing projects of over €80 million invested in the medical, production and IT&C fields in different areas of Romania.

Appetite for the acquisition of office buildings and industrial parks, less rented offices and shopping centres with postponed openings, this is how this quarter could be described regarding the real estate market in Romania, according to the quarterly report of CBRE.

The first three months of the year were closed with promising figures on the Romanian property market. CBRE published its Q1 2020 overview of the main commercial real estate sectors.

The state of emergency imposed by the current pandemic has led to the almost total vacancy of office spaces, within the context of many of the employees working from home. The landlords want to lower service charge levels for this period and continue to provide the necessary services to maintain the buildings in optimal conditions, according to a report by CBRE Romania.

CBRE has announced the appointment of Katarína Brydone as Head of Investment Properties of CBRE in the Czech Republic effective 1 June 2020. Katarína Brydone succeeds Chris Sheils who spent four successful years in this position and has taken the decision to leave the business following Clare Sheils’ promotion to Managing Director of CBRE Czech Republic.