Construction commenced on GTC Hungary’s latest office development project. GTC White House is going to have a GLA of 21,500 sqm and is expected to be completed by end-2017. Concurrently, GTC Hungary will carry out a full interior refurbishment and technical reconstruction at Duna Tower Office.

In H1 2016, total modern retail stock in Poland rose to more than 13.5 million sqm GLA. The key trends include new shopping centre and retail park openings in cities below 100,000 inhabitants and the growth of the outlet centre sector in agglomerations with 200,000–400,000 inhabitants. Cushman & Wakefield has released its data on the Polish retail market in H1 2016 in its report Property Times: Increased market competition calls for a quick response.

At the end of June 2016 total modern warehouse stock in Poland stood at 10,500,000 sqm. Occupier and developer activity is expected to continue its strong momentum, as revealed by Cushman & Wakefield in its Polish Industrial Market Q2 2016 report.

Cushman & Wakefield has been appointed to acquire tenants and develop a marketing strategy for Trinity One. The owner of the scheme is Revetas Capital.

Sixteen office buildings have been completed in Warsaw in the first half of 2016, totalling 350,000 sqm. 100,000 sqm is scheduled for completion in H2 2016, which will bring the annual supply to a new record high of 450,000 sqm. Cushman & Wakefield has published its Property Times report on the Warsaw office market for H1 2016.

Norway-based Libertech Group has signed a lease on more than 700 sqm of office space in Warsaw Spire. The company intends to set up its headquarters for the CEE region in Poland. Cushman & Wakefield has advised the tenant in the lease negotiations. It will also coordinate and oversee the office fit-out.

XL Catlin has signed a lease agreement for office space at UBM’s PEGAZ complex in Wrocław. The tenant was represented by Cushman & Wakefield.

Robust commercial real estate investment activity continued in Q2 2016 across the core Central European markets and reached EUR 2.6 billion, a 56% increase on Q1, according to Cushman & Wakefield. This has pushed volumes over the last twelve months to EUR 9.3 billion, close to 2007 record levels. 

According to Cushman & Wakefield, robust commercial real estate investment activity in the core Central European markets of Poland, the Czech Republic, Slovakia, Hungary and Romania continued in the second quarter of 2016 and reached EUR 2.6 billion, a 56% increase on Q1. This has pushed volumes over the last twelve months to EUR 9.3 billion, close to 2007 record levels.

Cushman & Wakefield has published its new CE industrial map to give a comprehensive overview of the most important logistics and industrial sites in Central Europe, Russia and Germany. In addition, this year’s edition has been expanded with figures for Italy’s Milan.