PORR Acquires Majority Stake in Interior Fit-Out Specialist rhtb:

PORR has acquired a 51 percent stake in Vienna-based drywall and interior fit-out specialist rhtb:, expanding its capabilities in interior construction and prefabricated building solutions.

Headquartered in Vienna, with additional offices in Bad Vöslau and Berlin, rhtb: provides drywall systems, integrated heating and cooling ceilings, raised access floors and partition wall solutions.

According to PORR, the acquisition strengthens its position in interior construction, particularly in areas linked to energy-efficient buildings and prefabricated construction methods. The company said rhtb’s expertise in heating and cooling ceiling systems and raised floors would support both new developments and renovation projects.

PORR also plans to integrate rhtb’s products and systems into its residential concept under the PORR Living brand, which focuses on prefabricated and cost-efficient housing solutions. The company stated that its current residential projects target construction costs below EUR 2,000 per sqm. A pilot development comprising 50 apartments in Lower Austria is already under construction.

The companies have previously collaborated on several projects, including renovation works at PORR’s headquarters in Vienna and other office fit-outs. rhtb’s portfolio also includes projects at the Austria Center Vienna and the Vienna University of Economics and Business.

rhtb: was founded 27 years ago by entrepreneur Rainer Haubenwaller, who will remain involved as shareholder and co-owner following the transaction. The company’s workforce of around 100 employees will also remain in place.

PORR said the acquisition forms part of its broader strategy to expand specialised construction services and increase the use of prefabricated building methods across residential and industrial projects.

Union Investment Sells Florida Retail Asset from UniImmo: Europa Portfolio

Union Investment has sold the Fountains of Boynton shopping centre in Boynton Beach as part of its strategy to reduce the U.S. exposure within the UniImmo: Europa portfolio.

The parties did not disclose the transaction price, although Union Investment confirmed that the sale exceeded the property’s latest book value.

Located in northern Palm Beach County, approximately 30 miles south of West Palm Beach International Airport, the retail property has been part of the UniImmo: Europa portfolio since 2021.

According to Union Investment, the transaction reflects continued investor demand for retail assets in the U.S. market, particularly for well-performing suburban shopping centres with stable occupancy and diversified tenant mixes.

Completed in 1994, the shopping centre comprises five buildings with approximately 175,500 square feet of leasable area. The property underwent a major refurbishment in 2017 and is currently close to full occupancy. Tenants include a grocery anchor, a national fitness operator, restaurants and service-oriented businesses across sectors including healthcare, beauty and pet care.

The disposal is intended to strengthen the liquidity position of the UniImmo: Europa fund while lowering its allocation to U.S. real estate assets.

CBRE advised Union Investment on the transaction through its National Retail Partners team in Florida.

Panattoni to Develop 26,000 sqm Distribution Facility for Bidfood in Łódź

Panattoni is to develop a new warehouse facility for  Bidfood Poland in Łódź as part of a build-to-own (BTO) investment that will serve as the company’s central distribution warehouse in Poland.

The planned facility will comprise approximately 26,000 sqm and is intended to strengthen Bidfood’s logistics infrastructure and support the further optimisation of its supply chain operations for the HoReCa sector.

Bidfood distributes food products and services to more than 17,000 catering establishments, restaurant chains, restaurants and hotels across Poland. Its portfolio includes around 7,000 products ranging from meat, seafood and dairy products to beverages, packaging and household chemicals. The company currently operates a logistics network of 26 warehouse locations nationwide.

According to Katarzyna Kujawiak, the project has been developed in close cooperation with the client from the concept stage in order to meet the operational and technical requirements associated with food logistics.

The warehouse will include refrigerated and frozen storage areas designed for food distribution operations. Planned sustainability and energy-efficiency measures include photovoltaic installations and heat recovery systems. The facility is also intended to support the optimisation of logistics processes and operational performance.

Sławomir Żegleń said the new distribution centre in Łódź will become a key part of the company’s logistics network in Poland and is expected to improve operational efficiency and responsiveness to customer demand.

The development will be located directly adjacent to the A1 motorway junction within the administrative boundaries of Łódź. The site is situated in an established industrial zone and will also offer access to public transport infrastructure for employees.

The latest investment expands the existing cooperation between Panattoni and Bidfood in Poland. Bidfood currently occupies space in ten Panattoni facilities nationwide, including developments in Gdańsk, Białystok and Lublin. The company has also recently commenced operations at Panattoni Park Szczecin V, where it handles food distribution and warehousing, including refrigerated and frozen products.

REALOGIS Achieves Full Occupancy for M7 Real Estate Logistics Asset Near Frankfurt

REALOGIS Immobilien Frankfurt has completed the full letting of a logistics property in Ginsheim-Gustavsburg on behalf of M7 Real Estate following the latest lease agreement with Bakelog GmbH.

Under the agreement, Bakelog has leased approximately 6,900 sqm at the property located at Weiherfeld 11–15. The transaction includes around 5,950 sqm of warehouse space and approximately 950 sqm of office accommodation.

Bakelog will use the site exclusively for logistics operations related to the Lieken Group, including the storage and handling of baked goods and daily consumer products requiring time-sensitive distribution processes.

The property includes twelve loading bays and three ground-level access doors designed to support high-volume logistics operations.

REALOGIS Frankfurt said it had been exclusively mandated by M7 Real Estate to market the asset and succeeded in securing full occupancy within a relatively short period.

Earlier this year, another section of the property comprising around 1,850 sqm of warehouse space and 350 sqm of office space was leased to Sovereign Network GmbH.

The logistics asset provides approximately 7,800 sqm of warehouse space in total and benefits from transport connections to the wider Rhine-Main region via the A60 and A671 motorways. The location offers access to the commercial centres of Mainz, Wiesbaden and Frankfurt, making it attractive for distribution and logistics operators.

Mihai Olaru (OMIFA): Offices Must Evolve into Emotional Ecosystems That Build Belonging

As occupiers across Central and Eastern Europe reassess the role of the office in the hybrid work era, workplace design is entering a more psychologically driven phase. Mihai Olaru, Director General of OMIFA, argues that the next generation of workplaces will be judged less by how many desks they contain and more by how effectively they support human connection, well-being, trust and a sense of belonging. In a recent discussion with CIJ EUROPE, he outlined why psychological comfort is becoming a core design driver and how companies should rethink workplace environments accordingly.

 

Workplace design in Central and Eastern Europe is entering a more psychologically driven phase, according to Mihai Olaru, Director General of OMIFA. In a recent discussion with CIJ EUROPE, Mihai Olaru argued that the future of office environments will be defined less by efficiency metrics and more by their ability to support human connection, well-being and identity.

 

OMIFA, a Romanian company specialising in office fit-out solutions, partitions, furniture and integrated workspace systems, positions itself as both a distributor and producer of workplace components and design solutions across multiple European partnerships. The company collaborates with international manufacturers while also developing in-house products and local production capabilities, according to information published on its official website.

 

Speaking about the psychological dimension of design, Mihai Olaru said the industry must move beyond purely functional thinking. “Beyond ergonomics and aesthetics, I approach workplace design as an emotional ecosystem rather than just a functional environment,” he explained. In his view, modern offices must simultaneously support physical safety, autonomy and personal identity.

 

He noted that this requires creating a diversity of spatial experiences within the same workplace. Areas for focus, collaboration, recovery and informal interaction should coexist and allow employees to move fluidly between them. Environmental factors such as natural light, visual transparency balanced with privacy, material warmth and acoustic comfort all play a role in reducing cognitive fatigue and workplace stress.

 

A central theme in Mihai Olaru’s thinking is belonging. He believes employees connect more deeply with workplaces that reflect shared values and organisational culture. “The goal is not only productivity, but emotional comfort in the long term,” he said.

 

As hybrid work models reduce the amount of time employees spend in the office, Mihai Olaru expects the purpose of the workplace to fundamentally shift. “The office should move from a place of obligation to a place of intention,” he said. Rather than coming in to perform individual tasks, employees increasingly come to collaborate, build trust and maintain social cohesion.

 

This transition has direct spatial implications. Traditional rows of desks are giving way to collaboration hubs, project rooms and informal lounges designed to enable interactions that cannot be replicated remotely. At the same time, Mihai Olaru stresses the importance of choice within the workplace. Quiet rooms, phone booths and focused work zones remain essential, particularly for employees who require acoustic privacy.

 

Balancing standardised office concepts with individual psychological preferences remains one of the sector’s biggest challenges. Mihai Olaru believes the answer lies in adaptable frameworks rather than fixed typologies. “Human psychology is not uniform,” he said. “The objective is to design for choice.”

 

In practice, this means offering multiple environmental conditions within the same workplace. Introverted employees benefit from quieter, visually protected environments, while more extroverted workers gravitate toward open and dynamic areas. Flexible modular systems should enable users to self-select spaces that match their working style throughout the day.

 

Sustainability, in Mihai Olaru’s view, must also be reframed. He argues that the industry still focuses too heavily on materials and certifications, while underestimating the human dimension. “Sustainability should be understood not only as environmental responsibility, but as human sustainability,” he said.

 

He highlighted biophilic design, air quality monitoring, adaptive ventilation, thermal comfort and lighting aligned with circadian rhythms as critical factors that directly influence cognitive performance and emotional health. Achieving the right environmental balance is particularly complex in open-plan offices, where employee preferences for temperature, lighting and acoustics often vary significantly.

 

Looking ahead to the next decade, Mihai Olaru believes the dominant workplace need will be what he calls “meaningful belonging” — a combination of social connection, purpose and identity. As remote work becomes normalised, physical workplaces will need to justify their existence through experiences that foster community.

 

“The office will evolve into a cultural platform rather than a pure operational space,” he said. Future environments will need to be more adaptive, emotionally engaging and supportive of both creativity and focus while reinforcing collective identity.

 

He compares the emerging workplace model to a hotel lobby, a space where people naturally gather, interact and exchange ideas. In his view, hybrid hospitality principles will increasingly influence office design, particularly after the social disruption caused by the pandemic.

 

Mihai Olaru also acknowledged that budget constraints remain a practical barrier. Many companies are encouraging employees to return to the office while simultaneously limiting fit-out investment, creating tension between ambition and delivery. Still, he expects the direction of travel to remain clear as organisations compete for talent and engagement.

 

For OMIFA, the strategy combines international partnerships with local manufacturing and integration capabilities, allowing the company to deliver both standardised systems and customised solutions across office, retail and hospitality environments.

 

Ultimately, Mihai Olaru believes the winners in the next cycle will be those who understand the human dimension of space. “The future office will succeed not by maximising efficiency,” he said, “but by strengthening human connections.”

 

While cost pressures and uncertain macro conditions continue to influence corporate decisions, Mihai Olaru believes the long-term direction of workplace design is already clear. Offices that function merely as efficient containers risk losing relevance, particularly as hybrid work becomes embedded across the region. In contrast, environments that successfully combine flexibility, environmental quality and emotional engagement are more likely to retain their strategic value. For developers, occupiers and fit-out specialists alike, the challenge now is not simply to deliver space, but to create workplaces where people genuinely want to return.

© 2026 cij.world

Panattoni Announces Leadership Transition in Spain and Portugal

Panattoni has announced a leadership change in its Iberian operations following the departure of Gustavo Cardozo Lupi, who led the company’s business in Spain and Portugal for the past six years.

Cardozo Lupi joined Panattoni in 2020 and oversaw the company’s expansion across the Iberian Peninsula. During this period, Panattoni developed its local platform, expanded its team and launched a pipeline of logistics and industrial projects in both markets.

Since entering Spain and Portugal, Panattoni Iberia has delivered approximately 620,000 sqm of logistics and industrial space. The company currently operates across 15 Spanish provinces and in the Portuguese cities of Porto, Santarém and Lisbon, with projects serving sectors including logistics, automotive, food and textiles.

Panattoni said that Arantxa Prado has been appointed Interim Managing Director for Spain and Portugal to oversee the next stage of the business.

Robert Dobrzycki said Gustavo Cardozo Lupi had played an important role in establishing the company’s presence in Iberia and building its local operations, team and client relationships.

Prado joined Panattoni as Head of Capital Markets and has been involved in structuring and executing transactions supporting the company’s growth strategy in Spain and Portugal. Prior to joining the company, she held investment and private equity roles at Eneas Alternative Investments, Pantheon and Standard Life Private Equity, and also founded Cassia Investments, an emerging markets investment platform focused on consumer goods in Asia.

Panattoni stated that it remains focused on continuing its activities and development pipeline across Spain and Portugal following the management transition.

Slovakia’s Inflation Climbs in April as Fuel and Housing Costs Continue to Rise

Consumer price growth in Slovakia accelerated again in April 2026, driven primarily by higher transport and housing-related costs, while slower food inflation helped ease some of the upward pressure on household spending.

Annual inflation reached 3.9% in April, marking the second highest level recorded this year. On a monthly basis, prices increased by 0.5% compared with March.

Transport costs were the main contributor to the latest increase, reflecting a sharp rise in fuel prices. Motor fuel costs climbed by more than 15% year-on-year, representing the strongest increase since late 2022. On a monthly basis, fuel prices also posted their fastest increase on record, influenced by higher oil prices on international markets.

Housing and energy costs remained another major driver of inflation. Prices in the housing category rose by 6.3% compared with April last year, largely due to higher heating costs and continued increases in housing-related services such as water supply and maintenance. Housing and utilities remain the largest expenditure category for Slovak households.

Food inflation, however, continued to moderate. Annual growth in food and non-alcoholic beverage prices slowed to 1%, the weakest pace since November 2025. Several categories, including meat, dairy products and edible oils, recorded lower prices compared with a year earlier, helping to reduce overall inflationary pressure.

At the same time, some food segments continued to rise in price, including bread and cereals, vegetables, fruit and prepared food products. Non-alcoholic beverages also remained more expensive than a year ago, although the pace of growth eased slightly.

Inflationary pressures were also visible in services, particularly restaurants, accommodation, recreation and personal care services. Tobacco prices increased further during the month, while alcoholic beverages became slightly cheaper.

The Statistical Office of the Slovak Republic noted that inflation data for 2026 is being calculated under an updated consumer basket methodology and revised expenditure weights reflecting household consumption patterns from 2024. The revised structure slightly reduced the weighting of housing and food within overall household spending compared with previous years.

For the first four months of 2026, average consumer price growth in Slovakia reached 3.8% year-on-year.

Poland Sees Rise in New Businesses Despite Increase in Corporate Insolvencies

Business activity in Poland strengthened in the opening months of 2026, with the number of newly established companies rising compared with the same period last year, according to the latest figures released by Statistics Poland. At the same time, the number of insolvency cases also moved higher, reflecting continued pressure across selected sectors of the economy.

Nearly 89,000 businesses were established during the first quarter of the year, representing moderate annual growth. The figures point to continued entrepreneurial activity despite a more uncertain economic environment and ongoing cost pressures affecting many industries.

Professional and business-related services generated the largest share of new company formations, while construction and trade also remained among the most active sectors. Transport and logistics recorded some of the strongest growth in new registrations, alongside technology and communications businesses.

The report also highlighted the growing role of renewable energy initiatives within the business landscape. Registrations of cooperatives increased significantly during the quarter, largely driven by new entities linked to local renewable energy production and distribution projects.

Sole proprietors continued to account for the majority of new business activity, although the number of newly created limited liability companies also increased compared with the previous year.

Alongside the rise in registrations, insolvency proceedings also increased during the quarter. More than 100 companies entered bankruptcy proceedings, with the largest increases recorded in trade-related activities, construction, hospitality and transport.

Manufacturing and industrial businesses continued to account for the highest overall number of insolvencies, while retail and automotive-related activities also recorded elevated levels.

The data suggests that while company creation remains resilient, parts of the economy continue to face operational and financing challenges. Sectors linked to consumer spending, logistics and construction appear to be under particular pressure as businesses adapt to changing market conditions and higher operating costs.

According to the report, the statistics are based on entries in Poland’s national business register and bankruptcy decisions issued by district courts during the first quarter of 2026.

NEPI Rockcastle Reports Higher Income and Strong Occupancy in Q1 2026

NEPI Rockcastle reported higher rental income, continued tenant sales growth and low vacancy levels in the first quarter of 2026, supported by stable leasing activity and progress across its development and renewable energy pipeline.

Net operating income (NOI) reached €157.7 million in Q1 2026, an increase of 3.4% compared with the same period last year. Property NOI rose by 3.2% to €155.4 million, while revenue generated from the group’s energy activities increased to €2.3 million.

Like-for-like tenant sales increased by 3.8% during the quarter, with footfall broadly stable at 0.6% growth and average basket size rising by 3.3%. Vacancy across the portfolio remained low at 1.8%, while cash collection rates reached 98% for the quarter.

Marek Noetzel, who assumed the role of Chief Executive Officer on 1 April 2026, said the results reflected the resilience of the company’s portfolio and continued rental growth supported by inflation-linked leases and active asset management.

The company said its strongest operational momentum during the quarter came from Poland and Croatia, while Romania and Slovakia recorded more moderate performance against a softer consumer environment. Entertainment, services, health and beauty categories delivered the strongest tenant sales growth, while electronics and DIY-related segments remained under pressure.

Leasing activity remained active across the portfolio. During Q1 2026, the company signed 315 leases covering more than 78,000 sqm of gross leasable area, including 108 new leases. According to the company, international retailers accounted for around half of the newly leased area.

NEPI Rockcastle also reported continued progress on its development pipeline. The extension of Promenada Bucharest remains on schedule, with the retail component expected to open in the second quarter of 2027 and approximately 85% of the mixed-use scheme already leased or under agreed terms.

In Romania, the company also obtained a building permit for the Galati Retail Park project, scheduled to open in the second half of 2027.

The group continued expanding its renewable energy platform during the quarter. The Chisineu-Criș photovoltaic project in Romania, with planned capacity of 54 MW, is expected to begin commercial operations by the end of May 2026, while the Ariceștii Rahtivani project is planned to become operational in the third quarter of the year.

As of 31 March 2026, the company reported cash and cash equivalents of €565 million and an LTV ratio of 32.4%, remaining below its long-term threshold of 35%. Investment property value stood at €8.26 billion.

During the quarter, the company secured additional green financing, including a €225 million unsecured green term facility and a renegotiated secured green loan in Romania. The company also repurchased approximately 4 million shares between March and April 2026 for a total consideration of €27.7 million.

Looking ahead, NEPI Rockcastle maintained its guidance for approximately 3% growth in distributable earnings per share in 2026, subject to trading conditions and broader macroeconomic developments.

Stokado Opens Second Self-Storage Facility in Kraków

Stokado has opened a new self-storage facility in Kraków, expanding its presence in one of Poland’s largest urban markets. The development at Nowohucka Street is the company’s second asset in the city and forms part of its ongoing nationwide expansion strategy.

The facility provides more than 3,200 sqm of net leasable area across five floors and includes over 600 storage units. The building has been designed specifically for self-storage operations and incorporates reception and staff areas, technical facilities and access to all floors via two freight lifts.

Located in a mixed residential and commercial area of Kraków, the property is intended to serve both private individuals and business customers. The company said the location aligns with its strategy of developing facilities in densely populated urban areas with strong accessibility and visibility.

Redefine Properties, Griffin Capital Partners and the company’s founders jointly own the platform.

Pieter Prinsloo, Chief Executive Officer at Redefine Europe BV, said the Polish self-storage market continues to offer growth potential compared with more mature Western European markets.

Marcin Rękawiczny, Vice President Investments at Griffin Capital Partners, said the opening marks the third new Stokado location delivered within the past eight months.

The building includes several automated and digital access systems, including app-based entry, individual access codes, automatic unit locks and 24-hour CCTV monitoring. Customers are able to access the facility at all times.

The project has also been developed with sustainability measures including photovoltaic panels, a heat pump, a ground heat exchanger, LED lighting and a rainwater retention system. The building has been prepared to meet BREEAM certification requirements.

According to the company, the Kraków facility forms part of a broader strategy to expand Stokado’s presence in Poland’s major cities and strengthen its position within the self-storage sector.

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