Despite the anticipated large wave of new office supply, the Łódź market is well-balanced. Rents hold firm and tenants continue to target office buildings in the city centre.

PNK Group, an international industrial real estate developer from Russia, entered the European market with the opening of its new industrial park - PNK Park Sereď in the Western Slovak region. The park comprises a 45,000 square meters of Class A industrial space across two completed facilities.

pbb Deutsche Pfandbriefbank provided a facility of €68 million to ECE. pbb acted as arranger and sole lender under the facility.

The first half of 2018 on the Polish shopping centres market belonged to the biggest agglomerations. Over 172,000 sqm of new space was delivered, which constitutes about 75% of domestic supply. At the same time, the demand for retail space was still very high and the level of vacant buildings remained very low.

After the record-breaking year of 2017, the student housing asset class still enjoys development and increased interest from investors. Michal Malecka, Head of Business Development at StudentMarketing talked to Property Forum about the growing popularity of the student housing asset class in Europe.

Prologis has begun construction of a new 10,000 square meter speculative facility at Prologis Park Budapest-Harbor in Hungary. Completion is scheduled for the first quarter of 2019, just six months after the start of the development.

Accolade Group will invest €8.6 million in the construction of a new industrial park near Zdice, right at exit 28 from the D5 motorway from Prague to Plzeň. The project will offer 12,100 sqm of leasable space and might start operating by 2020 or earlier.

Excavators have entered the construction site of the office building Face2Face Business Campus located in Katowice. The new project of Echo Investment will offer 21,000 sqm of space.

Oradea Shopping City, the Romanian city’s second largest shopping centre which is currently going through a second bankruptcy, has been purchased by the shareholders of Lotus Center Mall, the city’s largest shopping centre, for €8 million.

Skanska has opened its fifth office building in Wroclaw. The 18,000 sqm Green2Day complex’s tenants include KPMG, Ultimo, Tieto, Natek and Enel-Med. The Business Link, a coworking network, is also establishing a branch in the building.