The preliminary investment volumes for the CEE region for Q1 2020 have reached ca. €3.7 billion, despite the onset of COVID-19 in CEE at the beginning of March. This volume was significantly boosted by the ca. €1.3 billion acquisition of the Residomo portfolio in the Czech Republic by Heimstaden, however, it still represents a y-o-y growth of 68% over Q1 2019 (ca. €2.2 billion) and 28% over Q1 2018 (ca. €2.9 billion).

As the global pandemic progresses across borders and within countries, Cushman & Wakefield’s EMEA market research experts shared what they are seeing on the ground in their countries.

As part of the fight against the coronavirus, many firms have decided to temporarily cease their production to ensure the health of their employees.

Colliers International has been assigned to assist YIT Slovakia in leasing the Pradiareň 1900 office building. After the opening, Colliers International REMS will be assisting the developer with property management.

The government of Slovakia is opening some shops that have been closed for the past two weeks, while the country's parliament will debate and possibly pass the cabinet’s proposals to help companies and the self-employed. We asked Andrej Leontiev LL.M., Partner at Taylor Wessing to comment on the aid package.

Governments continue to come up with measures to help stabilize the economy. Property Forum collected the latest efforts by CEE governments to rescue businesses and individuals affected by the coronavirus crisis.

J&T Real Estate is moving forward with the extension of the Eurovea mixed-use complex. The foundation work is progressing and the contractor selection process has concluded.

Colliers International advised Jaguar Land Rover Slovakia in leasing an 11,000 sqm new warehouse premises in DC3 – Supplier Park Nitra.

Erste Bank Group anticipates an economic slowdown for 2020 in most CEE countries due to the coronavirus situation. The bank’s report mentions a negative scenario as well, which would result in a massive recession in the region.

Due to the uncertainty surrounding the coronavirus situation Property Forum has decided to reschedule its spring events – Bratislava Property Forum, SEE Property Forum and Prague Property Forum – to autumn 2020.