CTP plans to invest €75 million in the acquisition of properties in Belgrade and Novi Sad as well as further developments all totalling 120,000 sqm of lettable area.

Office developers have for years been struggling with the speed of new technologies. While the innovation cycle in high tech lasts for around 18 months, the development process for office buildings still takes around five years. To ensure tenants and users have easy access to new solutions, Skanska has created an all-in-one operating system for office buildings and workplaces, which can be upgraded over time just like a smartphone.

Real estate developers pay special attention to the environment by developing efficient and sustainable, green certified projects. With a history of almost four years, the WELL Building Standard complements these certifications and shifts the attention from the built environment to the health of the employees. In Romania, this phenomenon is in its inception and Colliers International Romania is the first real estate consultancy company with a team of WELL professionals – two out of the five that are present on a national level.

An entire section will be dedicated to the future of the Czech and Slovak markets at the upcoming CEE Property Forum 2018 in Vienna. International experts and top local players will provide an overview of the two markets, among others. To check out the list of confirmed speakers, click here.

Hyatt Hotels Corporation announced today that a Hyatt affiliate has entered into a management agreement with Városház Utca Projekt Ingatlanforgalmazó Kft. for the first Hyatt Regency hotel in Budapest, Hungary. The 231-room property is expected to open in early 2020.

Panattoni Europe has embarked on the construction of City Logistics Warsaw I, planned to total 26,000 sqm. Completion of construction works and delivery to the tenants is planned for the coming October.

Ploiesti Shopping City, developed by Carrefour Property Romania and NEPI Rockcastle, has announced an investment of €1 million in remodelling its food court area.

Almost 425,000 sqm of modern office space was leased in Warsaw in H1 2018 while an additional 700,000 sqm of offices remain under construction. Rents increase on a par with decreasing vacancy rate. New coworking concepts begin to gain traction as well. JLL summarised the situation on the Warsaw office market at the end of H1 2018.

The share of vacant office space on Prague’s office market increased to 6.9% at the end of Q2 2018, which is in 0.7 percentage points higher than in the previous quarter. Prime headline rents in the city centre also slightly increase. The Prague Research Forum announced the office market figures for Q1 2018.

BNP Paribas Real Estate Poland represented First Property in the successful acquisition of Krakow Business Park (KBP).