The volume of real estate investments in Romania gained 4% year-on-year to €919.45 million, driven by office and industrial developments, according to a report by real estate consultancy Fortim T.A., a member of BNP Paribas Real Estate. 

CTP has appointed Harry Bannatyne as Group Head of Client Relations based in the company’s headquarters in Prague. Bannatyne was previously a Partner and Regional Director Industrial at Colliers in the Czech capital. Prior to that he was National Director, Head of Industrial Agency for the Czech Republic and Slovakia at JLL.

Accolade secured the plot to launch its new project. The new industrial park has a planned area of 76,000 sqm and an investment value of over €60 million. It will be located on the Polish western border, along the S3 road and right next to the A2 highway junction.

Griffes ended 2021 with a significant office leasing surge, placing the agency as the second best performing real estate player in the intermediated office leasing segment in Romania. The achievement tops Griffes’ 5 years of activity on the Romanian real estate landscape which the company celebrated at the end of the year. The team extended significantly its activities throughout 2021, growing into land sales and industrial leasing by marketing a large-scale project to be developed next to Budapest Airport in Hungary.

CTP’s founder Remon Vos has been listed as the second wealthiest Dutch person on the annual Quote 500 list with an estimated net worth of €5.7 billion, just behind Heineken heiress Charlene de Carvalho-Heineken. The story of CTP, a company with a market cap of €7.7 billion, is a prime example of how tapping into CEE’s untapped potential helped create a dynamic real estate empire.

Allianz Real Estate, acting on behalf of several Allianz group companies, and logistics developer VGP have agreed to form a new 50/50 joint venture. The vehicle, the fourth such venture between Allianz Real Estate and VGP since 2016, will develop a portfolio of prime logistics assets in Germany, the Czech Republic, Hungary and Slovakia.

Renata Osiecka, Managing Partner at AXI IMMO talked to Property Forum about the new sources of demand on Polish warehouse markets, financing new logistics projects and forecasts for the nearshoring trend.

Stockholm-based global investment manager EQT Exeter has acquired five logistics halls in two parks in Ostrava (Logistics Park Nošovice and Ostrava Airport Multimodal Park) offering 140,000 sqm of Class A space from J&T and Concens Investments. CBRE advised the sellers in the €150 million transaction.

Warehouse occupiers are prioritising the shortening of supply chains to mitigate business risks, a trend that is likely to dominate the demand for warehouse space in Europe for the next three years, reports Savills and Tritax EuroBox plc, a leading investor in European logistics real estate. According to Savills, Poland becomes a target for larger Foreign Direct Investment facilities.

Panattoni is kicking off its first investments in Hungary. On the plot purchased in Herceghalom, 30 km from the centre of Budapest, Panattoni Park Budapest West will be built with a total space of 75,500 sqm. The developer has also acquired land for City Logistics Budapest I in Törökbálint, halfway between Herceghalom and the Hungarian capital. Both investments will encompass jointly up to 100,000 sqm.