The coronavirus pandemic will transform the office property market, significantly driving demand for flex workspace solutions. In the next 12-18 months, flex formats will increase to approximately 30% of total modern office spaces in Central and Eastern Europe from 3-5% before the crisis. The winners will be landlords and operators who focus on flex office hubs which offer clients not only flex and flex & core formats but an integrated work/life service concept, according to a new report by flex space operator New Work.

Property Forum’s next virtual event will aim to provide a property investment outlook for 2020 and beyond. Two presentations and a panel with influential investors, bankers and advisors will answer questions related to immediate and long-term effects of the coronavirus lockdown on the property investment market.

In its latest global sentiment survey among its researchers around the world of the impact of Covid-19, Savills says that the outlook has improved slightly, with 19% of countries reporting a severe negative impact on their real estate markets due to the pandemic – an improvement compared to 29% in its previous survey conducted on 31st March - and 74% describing a moderate negative impact (opposed to 67% at end of March).

CPI Property Group has prepared an update regarding the Group’s performance following the outbreak of COVID-19.

The Polish Commercial Real Estate Chamber (PINK) published figures on Poland’s regional office markets for Q1 2020. The data is sourced from advisory companies from the commercial real estate sector (BNP Paribas Real Estate, CBRE, Colliers International, Cresa, Cushman & Wakefield, JLL, Knight Frank, Savills) and includes information on modern office stock, new completions, take-up volumes and vacancy rates.

A dramatic shift in the terms, functionality and layout of office rental space is predicted as a direct result of the global pandemic. Organisations could begin to develop innovative strategies that prevent and tackle environmental disasters which encompass disaster recovery plans and hygiene enablers. FreeOfficeFinder.com, an online agent marketing over 2500 UK serviced office providers, has spoken with tenants and landlords to gather perspectives and predictions of how the pandemic will drive changes and considerations for selecting office space.

While the current situation imposed by the COVID-19 pandemic has delayed various investments, CBRE’s Building Consultancy team continues to manage ongoing projects of over €80 million invested in the medical, production and IT&C fields in different areas of Romania.

Globalworth has announced changes to the company's Board of Directors. Bruce Buck, who was appointed as an Investor Director by Zakiono on 13 December 2017, has ceased to be a Director with immediate effect and Martin Bartyzal has been appointed as an Investor Director with immediate effect.

Ever since the World Health Organization declared a pandemic caused by the COVID-19 virus, our lifestyles and the way business is done have changed completely worldwide. Although the end of the several-week-long isolation is close, it is quite certain that this period will have its effects on many aspects of life. This is also reflected in the results of a major survey recently conducted by a leading real estate consultancy CBS International, part of Cushman & Wakefield Group, called "Traditional Office vs. Home Office in a Changed Business Environment". The survey involved 250 domestic and international companies from different industries, based in Serbia, and the results comprehensively illustrated how COVID-19 affected and will affect their business in the future.

The Supervisory Board of Immofinanz resolved upon the appointment of Ronny Pecik as member of the Executive Board of the company for three years starting with 4 May 2020. Ronny Pecik will be Chief Executive Officer (CEO).