In the two-year period since acquiring the office building for the Cromwell Central Europe Retail Partnership (CCERP), Cromwell has generated more than 21 per cent IRR for investors. The name of the buyer and the purchase price has not been disclosed.

JLL is expanding its scope of hotel services in Poland. Agata Janda, who joined JLL at the beginning of 2018 as Head of Hotel Advisory, will be responsible for growing JLL’s involvement in this sector.

Cushman & Wakefield has been appointed exclusive sales agent for a tenement building at 68 Piękna Street in Warsaw.

CBRE Romania has appointed Ana Dumitrache as the leader of the company’s investments department. Dumitrache has recently left CTP Romania where she served as Co-Country Head for 14 months.

This year, CTP will finish the developments began in 2017 in its parks situated near Cluj-Napoca and Timișoara and will continue the development of the logistics park located in the vicinity of Pitești.

The MLP Group has handed over a ready for use, 24,700 square meter warehouse facility to Żabka Polska S.A., located in the MLP Gliwice logistics park.

European office rental growth slowed to 0.4% over the quarter, though still posted a respectable 2.4% annualised growth. Budapest led the way with growth of 9.1% across the quarter, supported by strong demand, historically-low vacancy rates and a lack of Class A space. Demand for logistics space is supporting rental growth and driving yields lower across Europe, according to Cushman & Wakefield’s latest DNA of Real Estate report.

Developer activity remains strong despite high retail space saturation in many Polish cities. Magdalena Sadal, Head of Retail Research & Advisory at Cresa Poland, talks about retail space saturation and the purchasing potential in Poland’s largest agglomerations.

2017 witnessed robust leasing activity that was driven largely by the financial services sector, which amid moderate supply pushed Warsaw’s office vacancy rate down to 11.7%, the lowest since Q3 2013. Cushman & Wakefield presented an overview of the Warsaw office market for 2017.

Retail is changing rapidly with e-commerce having already brought on the death of several shopping centres overseas. Europe is not exempt from this phenomenon, even though the market in general strongly differs from that of the U. S. An interview with Savino Natalicchio MRICS, Director of the Retail Business Unit at Duff & Phelps Real Estate Advisory Group’s Advisory and Valuation Department in Milan, who talked about the future of retail and changing shopping centre valuation practices.