HB Reavis has received the green light to start work this summer on Stanica Nivy, a new shopping centre and international bus station in Bratislava, after successfully gaining construction consent. The entire project is being financed by HB Reavis, representing a total investment volume of €345 million.

First Property Group has agreed to sell one of its three directly held properties in Romania, a logistics warehouse in Ploiesti, for €3.2 million.  The purchaser, Aquila Part Prod SRL is also the current occupier of the property. 

2016 saw a total of 585,700 sqm of office space leased on the eight largest regional markets in Poland (Kraków, Wrocław, Tri-City, Katowice, Poznań, Łódź, Szczecin and Lublin). Wrocław accounted for 124,500 sqm of this overall volume. This excellent result meant that Lower Silesia's capital city was second among regional markets, after Kraków, in terms of office demand. JLL summarised 2016 on the office market in Wrocław.

Colliers International and Advisory Group TEST Human Resources have presented their analysis of the industrial market in Poland. The report presents the state of the industrial market in 9 locations: three Warsaw zones, Upper Silesia, Central Poland, Poznań, Wrocław, Tricity, Kraków, Bydgoszcz and Toruń and Szczecin.

While individual markets in CEE have developed differently, the hotel market in the region as a whole has registered an upward trend in 2016, which makes it attractive for investors, Christie & Co reveals. The hotel property adviser has recently released its latest report on the Central & Eastern Europe (CEE) hotel market which examines market trends in major capitals across the region, namely Belgrade, Bratislava, Bucharest, Budapest, Prague and Warsaw. Christie & Co based some of their findings on performance data provided by STR.

Prologis announced that it has signed two new lease agreements totalling 12,100 square metres at its second speculative development at Prologis Park Prague-Airport. The park is now 100-percent leased.

Panattoni Europe is to build a logistics centre for BSH Sprzęt Gospodarstwa Domowego Sp. z o.o.  The 79,000 sqm facility will be erected in Łódź, within the framework of BTS BSH, and will have its own railway siding. Construction works are planned to begin in the coming May, and the investment is anticipated to be completed in the spring next year. 

The current forecast for total construction volumes in Hungary shows increases of 8% and 12% for 2017 and 2018, respectively. The barriers for the realization of the developments are the rise of construction costs and the lack of skilled labour force. CBRE expects that these issues raise risks of delivery delays and decrease of developers’ profit margins.

Paris claimed top spot in Colliers International’s Hotel Investment Attractiveness Index, an analysis of the investment climate of 20 European cities, despite predictions that investors and tourists would lose faith in the city due to political uncertainty and the perceived threat following various national security breaches. Prague was ranked in 10th place in the index, boosted by the low level of development costs and high number of tourist arrivals.

CPI Property Group announced that its subsidiaries have acquired a retail portfolio with the value of approx. €650 million consisting of predominantly 11 shopping centres located in the Czech Republic, Hungary, Poland and Romania with a total leasable area of approximately 265,000 sqm from two funds managed by CBRE Global Investors. The closing of the deal was completed on 29 March, 2017.