ARTICLES LABELLED WITH TAG EBI

14
May
2020

COVID-19 delays many construction projects in Hungary

by Property Forum

As the first coronavirus cases were registered in Hungary at the beginning of March, the effect of the epidemic on first-quarter figures might have been smaller. The epidemic may affect the construction industry in two ways. Projects that have already started may stop or may continue at a slower pace and it may hold back the value of projects entering construction phase. Results show that there was a massive decline in the value of completed projects already in Q1 2020. The value of the Activity Completion Indicator of the EBI Construction Activity Report in the domestic construction industry decreased by 29% due to the epidemic, and several hundred projects were delayed.

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Employment agency PowerJobs has joined the tenants of the Nowe Katowickie Centrum Biznesu office building. The company has leased nearly 350 sqm of space. The Katowice team of Cushman & Wakefield was responsible for guiding the tenant through the negotiation and signing of the lease.
Phoenix Pharma has decided to expand its existing lease at the European Logistics Fund 2 logistics park in Konotopa near Warsaw by an additional approximately 5,700 sqm. Under the new long-term agreement, the company has more than doubled its occupied space, to around 12.5 thousand sqm.

New appointments

MLP Group has appointed Piotr Kowalski as Head of Project Management for Poland and Romania. He will oversee all phases of construction projects in both markets, from concept through to property handover.
Agnieszka Niezgodzka joined Accolade as Associate Director of Asset Management. Her duties will be growing the portfolio and increasing the value of the properties.
Bartłomiej Polnik has joined Savills as Associate Director, Senior Project & Development Manager PRS & Living Sectors in the PBC department.

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