In Immofinanz's Hungarian portfolio, several lease agreements and extensions of almost 21,000 sqm have recently been completed. Thus, most of the company's local office buildings are currently fully leased.

Over 230 real estate projects in Romania have been certified to meet health, safety and sustainability standards and the pandemic has boosted the efforts of developers to meet targets for such ratings, according to Colliers. 

Online retailer eMAG will invest €1.5 million in upgrading its HQ building to accommodate the hybrid work system as it aims to make the program permanent for more than 3,000 employees. The HQ will be transformed into a collaborative workspace and will be fitted with technology systems that support the mix of office and remote work.  

Real estate developer One United Properties says that it secured the construction permit for 850 apartments that will be part of mixed-used project One Cotroceni Park. The project is developed on 5.8 hectares of land, on the former Ventilatorul industrial platform in Bucharest. 

Romanian entrepreneur Liviu Tudor has announced plans to revamp Novo Park, the office park he owns in northern Bucharest. The office facades will be refreshed and solar panels will be placed on top of each of the seven buildings in the complex. 

Polish developer Cavatina Holding, which has been active in the regional cities of Poland, has recently announced plans to go public. Rafał Malarz, CEO of the company talked to Property Forum about investing in large mixed-use projects, the future of the PRS sector in Poland, possible changes in the retail and office markets and shared some details about the upcoming IPO.

Real estate investor and developer GTC has appointed Ziv Gigi as Managing Director of operations in Romania. He has more than 15 years of experience in Central and Eastern Europe-based real estate markets, developing and operating dozens of projects in the office and retail segments.  

The Swedish developer launches the construction of another building in the Nowy Rynek complex in Poznań which is going to consist of approx. 28,500 sqm of office space. It will apply for a WELL Core&Shell certificate. The commissioning is scheduled for Q2 2023.

The hunt for logistics properties is intensifying, many investors are looking for strip malls and specialised stores, new and premium office buildings are increasingly leaving obsolete ones behind. Commercial real estate advisor VLK Cresa summarised the last few months on the Hungarian property investment market.

The pandemic brings a substantial evolution rather than a catalyst for a revolution. It accelerates ongoing changes in real estate strategies that otherwise would have taken years to implement, says Arkadiusz Rudzki, Executive Vice President of Leasing & Sales at Skanska office development in CEE, who shared his thoughts on workplace trends with Property Forum.