Real estate group Immofinanz says it has concluded a long-term rental contract for roughly 11,000 sqm with healthcare services provider Provita Group. 

The Q4 2020 results of the RICS Global Commercial Property Monitor continue to point to a challenging backdrop across Europe. Both the office and retail sectors remain under significant pressure, with demand still falling sharply amid the difficult economic climate induced by the pandemic. On a brighter note, supported by structural tailwinds, the industrial sector continues to defy this downbeat overall assessment, prompting respondents to upgrade expectations for rental and capital value growth.

Cushman & Wakefield will act as the sole agent responsible for the commercialisation of the Łódź 1 office building of the Prime Holdings Group.

Savills has been appointed by Atrium European Real Estate as sole letting agent for office space in all the buildings owned by the fund in Poland.

Immofinanz plans major upgrades at its myhive Haller Gardens office building in Budapest, including new services for the tenants. The owner expects demand to increase for more flexible workspace solutions and plans to alter leasing conditions accordingly.

Consulting company Walter Herz has been appointed the leading agency responsible for commercialisation of space in EQ2 office building in Warsaw, developed by Waryński Group. Handover is planned for March 2021.

Property Forum’s series of virtual events, organised in partnership with the RICS, continues with a free online panel discussion providing a market update for Bulgaria. Attendance is free but registration is mandatory.

Bucharest and the major university centres in Romania, such as Cluj-Napoca, Timişoara, Iaşi, Braşov or Craiova, are well-positioned to attract new business in the services sector, despite the Covid-19 pandemic that slowed down the transactional activity and led companies to work from home, according to Cushman & Wakefield Echinox.

In Central Europe, 5 buildings totalling 160,000 square meters are currently under construction by Prologis. The company published its first-quarter 2020 earnings results,

What are the impacts of the coronavirus lockdown on the Polish property market? Our experts discussed, among other things, how government measures may affect the market and how this crisis accelerates the adaptation of technology. We summarize some arguments of the online panel discussion, moderated by Seweryna Afanasjew MRICS, Board Member of RICS World Europe Board.