The 2028 pledge, launched ahead of COP26, is a potential game changer for the industry as the accelerated action plan aims at net zero without offsets several years ahead of IPCC’s target date. Nordic real estate investor, NREP, has committed to being carbon neutral by 2028 without offsets, encompassing both operational and embodied carbon. 

Contera has become the new owner of Vlčie hrdlo Business Park in Bratislava, located on a former brownfield area and offering 33,420 square meters of warehouse and office space, the company announced on LinkedIn. Contera purchased the asset, situated close to R7 highway, from investment group Natland.

The global drive to advance sustainability is creating considerable uncertainty in the investment market for real estate, according to a new report by Colliers EMEA. The report, ‘ESG: A Tipping Point’, points to an urgent need for policymakers to agree on pragmatic, actionable targets that will support the creation of clear, consistent technical standards and benchmarks enabling the reallocation of both capital and skills as investors rush to factor new ESG realities into decision-making.

This year’s value of transactions on the investment land market in Poland is already record-breaking.

MLP Group is set to carry out another bond issue worth €20 million. The debt securities will be issued on November 17th 2021 and repurchased on May 17th 2024.

Adventum Investment Fund Management, the CEE-focused real estate investment manager, has completed the second close of its latest fund, Penta in October 2021. The second acquisition of the Fund is the Mercedes Benz Headquarters in Warsaw which was developed in 2004 by the Daimler Group.

Hines Global Income Trust has acquired Eastgate Park. This property is the 17th industrial asset in the Hines Global portfolio and is 99% leased.

In Q3, the commercial real estate investment market revived and was accompanied by a much greater optimism than during the previous periods of 2021. Logistics and industrial space are still the leaders among the sectors. An important event was again the change of ownership of the Warsaw Metropolitan office building, the value of which exceeded PLN 1 billion

Bayer Property has bought an 11,000 sqm plot for residential development in Budapest’s District 10 from the GEOS Group.

Although real estate development, investment and lending to the sector have taken a beating due to the pandemic's effects on the global economy, according to the results of the latest edition of KPMG’s Property Lending Barometer, property lending has gained an increased importance for banks in 2021, as on the one hand real estate loan portfolios are deteriorating, and, on the other, market conditions continue to gradually improve. Moreover, the tougher times mean that lending institutions within the region are able to pick and choose what types of developments and investments to grant loans to under stricter terms and conditions.