There is currently over 46 million sqm of industrial space in the CEE region, of which one-fifth is in the Czech Republic and the largest part – more than a half – in Poland. There is more than 900 sqm of industrial space per thousand inhabitants in the country. Just 1.6% of the space in Czechia is currently vacant. A record-breaking 1,112,000 sqm is currently under development in the Czech Republic – the highest figure in history. Demand on the part of logistics, distribution and e-commerce companies is growing. Cushman & Wakefield has analysed the trends in the industrial property sector in five Central European countries (Czech Republic, Hungary, Poland, Romania and Slovakia) in 2021.

Cushman & Wakefield has been appointed as the property manager of two Warsaw buildings in HIH Invest Real Estate’s portfolio: Feniks Office Building and Prime Corporate Center.

More than ten thousand Ukrainian refugees have already applied for help at the Temporary Support Centre for Refugees (TOWU) in Turawa Park  (Opole, Poland). Just a few days ago TOWU signed a Memorandum of Cooperation with the Polish branch of the Red Cross.

WAN S.A. sold Pruszkow Logistic Park to EQT Exeter. Avison Young's investment advisory team represented the seller in the disposal process. The price has not been disclosed. The warehouse is situated in a Warsaw sub-urban area sought-after by both investors and tenants.

Gal Peleg, CEO of Golden Star Group talked to Property Forum about the potential effects of the war in Ukraine on the Polish office market, the expected supply gap and the reactivation of the long-awaited Lilium project in Warsaw.

The first quarter of the year in BNP Paribas Real Estate Poland was marked by internal promotions. A total of 9 commercial real estate experts who advise clients on a daily basis, working in office, industrial and logistics leasing departments, as well as in property management, investment markets and design consultancy departments, climbed a step up the career ladder.

Consulting company Walter Herz has been selected as the sole agent responsible for the commercialization of space in the Blue Office complex, which is a complementary office part of Blue City mall in Warsaw.

In Q1 2022, leasing activity in the Warsaw office market reached its highest ever first-quarter total and the vacancy rate began to show a downward trend, reveals real estate advisory firm Newmark Polska in its latest report “Office Occupier – Warsaw Office Market”.

Adventum Group, the CEE focused real estate investment manager, has signed contracts to acquire 18 retail park assets in the Czech Republic and Hungary anchored by Tesco in a €280 million transaction. The app. 360,000 sqm portfolio will be a significant addition to its growing portfolio of assets across the core CEE countries including Poland, the Czech Republic and Hungary. A banking consortium of OTP Bank Plc. and Erste Group (Erste Group Bank AG and Erste Bank Hungary Zrt.) has entered into a new €150 million acquisition facility to finance the acquisition of the portfolio. The acquisition facility was arranged by OTP Bank and Erste Bank.

The 92-room building is the first Mercure hotel in Białystok. The central element of the hotel is giant bison - the symbol of the region.