AFI Europe Romania has signed a letter of intent for the sale of three of its five office buildings located in AFI Park Bucharest. According to a company report, the letter of intent has been signed in June. AFI Europe wants to sell buildings 1, 2 & 3 of the complex with the option of selling AFI Park 4 & 5 to the same buyer. The name of the possible buyer has not been revealed. 

Panattoni Europe is to deliver a custom-tailored project for Trio Line, the Danish manufacturer of high-end upholstered furniture. The investment spanning more than 32,200 sqm of space will be developed near Poznań and will merge warehousing and manufacturing functions. The transaction was mediated by AXI IMMO, and completion of the facility is planned in Q1 2017.

Cushman & Wakefield has been appointed to acquire tenants and develop a marketing strategy for Trinity One. The owner of the scheme is Revetas Capital.

Budapest Airport and DHL Express have signed a strategic agreement about the development of a new facility for the Deutsche Post DHL Group company in Hungary. This is the second large-scale investment by Budapest Airport and DP DHL, after the latter’s freight forwarding business units moved into a new facility built in the Airport Business Park in 2013.

The opening of the Courtyard Marriott Hotel in Brno, Czech Republic, built by CTP at Spielberk has been set to take place in the autumn. 

Sixteen office buildings have been completed in Warsaw in the first half of 2016, totalling 350,000 sqm. 100,000 sqm is scheduled for completion in H2 2016, which will bring the annual supply to a new record high of 450,000 sqm. Cushman & Wakefield has published its Property Times report on the Warsaw office market for H1 2016.

TriGranit has announced that a preliminary agreement has been entered into to sell the Bonarka City Center in Krakow, to Rockcastle, a property company investing in retail centers in Central and Eastern Europe. The financial closure of the transaction will take place in the following months.

KPMG has leased an office area of over 1,700 sqm in O3 Business Campus in Kraków – an office complex which is being developed by Echo Investment. The company is to move into the new office at the end of this year. The tenant was represented by the Colliers International consulting company.

Days of strong development activity on the Budapest office market are once again ahead of us. The market has been growing steadily and cautiously for years now and we have reached a point where tenants looking to immediately rent several thousands of square metres have no options left. BTS developments and large pre-lease deals have dominated property news cycles for over a year now and the time has finally come for developers with speculative projects to make their move. We take a closer look at Budapest office developments.

Rockcastle Global Real Estate has acquired three regional shopping centres in Poland for a total of 522 million euros. Bonarka City Center in Kraków, Focus Mall in Zielona Góra and Focus Mall Piotrków Trybunalski will be added to the South African fund’s portfolio.