At the end of Q1 2019, the total modern Class A industrial stock in the Czech Republic stood at 7.97 million sqm. In the first three months of 2019, the Prague industrial market has exceeded the magical milestone of 3 million sqm, confirming its position as the largest industrial market in the country, followed by the Pilsen and South Moravian markets, according to JLL:

Modesta Real Estate continues to be the exclusive broker for lettings in Westend Tower, Bratislava. The company successfully arranged office space for a large number of companies over the past few months. In addition to many new contracts, the leases of some major companies have recently been extended. These include international companies such as Kovintrade and the pharmaceutical and biotechnology company Adamed.

Romania is the fifth most attractive manufacturing market in Europe and was ranked 12th globally, according to the Manufacturing Risk Index 2019 study, conducted by the Cushman & Wakefield.

According to the RICS Commercial Property Monitor, Hungary has the strongest occupier sentiment and the Czech Republic has the strongest investment sentiment among the 40 countries surveyed in Q1 2019. Market expectations remained fairly positive across Central and Eastern Europe in the first quarter of the year, with the share of those stating that we have reached the peak of current property cycle decreasing compared to previous quarters.

Prominent investors, developers, advisors and other professionals discussed how technology and climate change are rewriting the rules of the real estate game at the RICS’s latest global summit. Here are our key takeaways from the RICS World Built Environment Forum, organized in New York this May.

Property Forum and RICS are organizing Prague Property Forum for the third time this year. Just like in previous years, leading decision makers in real estate will come together in Prague to discuss the future of our industry. CEOs, influential investors, bankers, developers, fast-growing proptech start-up founders, architects and valuers will analyse the potential of the Czech property market from a global perspective, providing an excellent networking opportunity.

Construction has begun on the Office Garden IV complex, which is being developed in Budapest by GRT Group, with the work to be completed in Q2 2021.

CTPark Sibiu II will receive its first tenants in about two months. The park has a total area of 9 hectares and in the first stage, 13,200 sqm are built-up and pre-leased. At present, only 2,600 sqm are available, the rest of the space is already leased to two companies. Upon completion of all the buildings in the park, the investment in its development will total about €23 million. This is the second investment of CTP in Sibiu after the expansion of a factory completed last year, but it is the first CTP premium logistics park with more tenants in the area.

Allianz Real Estate intends to invest as much €500 million in CEE property over the next two years, according to a Bloomberg article.

Soon after announcing the construction of S5 Wrocław North Gate, Panattoni Europe revealed another project in Lower Silesia – Panattoni Park Wrocław XI. The investment, planned to total 100,000 sqm, has become number one for Pantos Logistics. The company will take up 72,000 sqm in the park to run operations for LG Chem, LG Electronics and others. The project as a whole is scheduled for completion on 30 November 2019.