In 2018, Poland joined the group of 25 most developed economies in the world. In this context, last year’s data from the warehouse and industrial market are a confirmation that Poland fully deserved its upgrade, says Tom Listowski, Partner, Head of Industrial & Warehouse, CEE at Cresa, in the firm’s latest report

Avenir E, a Class A office building located in the established office hub of Nové Butovice, Prague 5 has been acquired by Investika. The seller, Redside, was represented by JLL.

Globalworth has started the construction of its new office project, Globalworth Square. The project it located in the Barbu Văcărescu area, in Bucharest's busiest office hub, between Globalworth Plaza and Green Court, both owned by Globalworth.

Africa Israel Investments, an international holding and investments company based in Israel, sold the controlling stake in Africa Israel Properties (AIP), the parent-company of AFI Europe.

MAS Real Estate has entered into an agreement with PKM Developments, a joint venture with its peer Prime Kapital, to buy a property portfolio consisting of nine shopping value centres in Romania for €112.97 million. The centres are being held by PKM Developments through three subsidiaries - PK Black, PK Indigo and PK Red.

At the end of 2018, the total office stock of Katowice, Poland’s fifth largest office market, stood at 519,300 sqm. Last year’s new supply amounted to 50,800 sqm (+218% y/y) delivered across ten office projects, the biggest completions being .KTW (18,200 sqm), Silesia Business Park IV (10,700 sqm) and GPP Business Park IV – Bloch (7,500 sqm). Another 52,000 sqm of office space is expected to be constructed at seven new office schemes in the coming 12 months, according to Cushman & Wakefield.

An application that allows you to order room service with an emoji, a hotel lobby arranged to resemble a coworking office, a bar that serves regional beers, or spaces where you can feel part of the local community – these are just some of the new features being implemented by a growing number of hotels. The reason? Growing customer expectations have motivated both operators and owners to create hotel brands that will provide unique experiences, according to JLL.

According to a recent report by BNP Paribas Real Estate Poland, Kraków and Wrocław are at the lead of cities with the highest volume of new office supply for 2018 in Poland. The two markets hold 59% of the new space completed and delivered in the eight key regional cities and account for more than half of the net take-up generated last year.

JLL introduced a new workplace consulting service in the Czech Republic. It focuses on the planning and quality of the work environment. In the cooperation with the activities in CEE and EMEA regions, Lucie Malá will be in charge of the workplace strategy with the support of the research, project management and design departments. By integrating this service, JLL will expand its portfolio and meet the needs of clients in the right setting of the work environment. New service based on real-world experience and analysis will help clients with the effectivity of their offices.

Immofinanz is continuing the expansion of its Stop Shop retail park chain in Serbia with its tenth Stop Shop retail park, located in Sremska Mitrovica.