According to full-year economic outlooks, the Polish economy will contract by 3-3.5% in 2020 compared to the previous year. Nevertheless, Poland’s GDP is expected to return to growth in 2021 and expand by approximately 4% in 2020, reveals the latest report from global real estate services firm Cushman & Wakefield.

Skanska has sold the second building from the Spark office complex in Warsaw to Stena Fastigheter AB, one of Sweden's largest private real estate companies and part of the privately owned Stena Group.

The Lakeside Park 02 project, developed in Bratislava's Nové Mesto area by Immocap and WOOD & Company, received construction and investment financing from Slovenská sporiteľňa in the amount of €24 million.

GRP Sp. z o.o., the owner of Morski Park Handlowy, has expanded its relationship with Cushman & Wakefield, which will represent the owner in leasing office space in the complex.

Companies today are facing complex performance challenges as the COVID-19 resurgence heightens the need to reinvigorate employee engagement. JLL’s new “Human Experience” report explores these changing workforce dynamics and expectations in a post-pandemic world and offers insights for how forward-thinking companies can reimagine their approach to managing their people and workplaces to stay ahead in 2021.

Generali Real Estate S.p.A. has completed the acquisition of International Business Centre (IBC), an office building in Prague, from Mint Investments, on behalf of the pan-European “Generali Real Estate Core Plus” fund managed by Generali Real Estate S.p.A Società di gestione del risparmio.

YIT Slovakia has completed the reconstruction of the Pradiareň 1900 office building in Bratislava. Starting from December 2020, the Slovak branch of Microsoft will move into the premises as the first tenant.

Romanian developer Țiriac Imobiliare has appointed Colliers International to obtain the WELL Health-Safety certification for a mixed portfolio of projects, being the first developer in Romania to do so.

Colliers International has taken over the management of the DSV International Shared Service Centre in Warsaw.

The third quarter of the year brought Echo Investment €8 million (PLN 36 million) in net profit, which is the result of handing over 301 apartments to clients, the value increase of office buildings under construction, as well as the apartment rental platform – Resi4Rent. The developer increases its focus on the residential sector – both for sale and for rent – which today accounts for about a quarter of the company's assets. Echo Investment intends to carry out most of its projects as part of multi-functional projects, called "destinations".