Romanian industrial and logistics gross take-up increased in 2017 by almost 15% to over 525,000 square meters, registering a new record level, JLL reports.

JLL has represented Grupa Buma on the sales transaction of the DOT Office complex. The project was acquired by Golden Star Estate, an Amsterdam-based investment firm. The value of the transaction is confidential.

New research from JLL challenges traditional approaches to evaluating city competitiveness by encouraging the global real estate market to rethink city performance metrics. In World Cities: Mapping the Pathways to Success, published in conjunction with The Business of Cities, JLL delves into global cities’ performance to evaluate their strengths and opportunities for real estate investors, developers and corporate occupiers.

In 2017 20 new foreign retail brands entered Poland and over 330,000 sqm of shopping centre space were delivered to market. The retail transaction volume exceeded €1.9 billion. JLL highlighted the results on the retail market in Poland for 2017.

JLL has appointed Peter Nitschneider as Country Manager of its Slovak business, based in Bratislava, with effect from 1 January 2018.

Spaces, a global concept from the Netherlands and offering solutions from the area of flexible workplaces and co-working, has leased 4,200 sqm of office space in Centrum Marszałkowska. As a consequence, Warsaw will become the brand’s first location in Poland. Experts from JLL advised Spaces on the process of negotiating lease terms. Baker & McKenzie supported the company in all legal aspects. The developer of Centrum Marszałkowska - BBI Development - was represented by CBRE and Markowska - Materla law firm.

JLL has advised Elbit Imaging Ltd, a NASDAQ listed company, on the sale of the Radisson hospitality complex in Bucharest to a joint venture between two international investment funds. The sale represents the largest ever hotel transaction by deal volume in Romania and among the largest recorded in Central Eastern Europe.

JLL´s Czech Supply Chain Activity Index marks further strong growth in Q3 2017, supporting continued robust occupier demand. The Index rose by 1.1% in Q3 2017, significantly above its long-term trend. As such, it maintained the strong growth patterns seen over the past three quarters.

JLL has been selected by Portuguese company Porto Office as the exclusive commercialisation agent responsible for leasing space at Porto Office A, the second phase of the office and services investment developed in Kraków.

Although demand slightly decreased on the Prague office market in Q3 2017, the vacancy rate further declined to its current level of 7.7%, JLL reports.