GTC plans to start the construction of a new office complex, City Rose Park on Bulevardul Expoziţiei in Bucharest next year. The €100 million project will comprise three new office buildings.

CTP has sealed a long-term strategic partnership with Deka Immobilien involving three prime industrial parks in the Czech Republic - CTPark Plzeň, CTPark Prague North and CTPark Teplice. Deka Immobilien acquired the ownership stakes in the parks with CTP Group continuing to manage and operate the portfolio under the CTPark network brand. Including two development projects, the deal represents 430,000 sqm of premium industrial properties. The transaction volume of €460 million places the deal amongst the largest ever real estate transactions in the Czech Republic.

German funds have always been one of the main players on the investment market in Poland and the CEE region. However, in recent years their share in transaction volume has been decreasing. Currently, they stand at around 15% of the total value invested annually. New entrants from the USA, Asia and South Africa have increased competition for commercial property in the region. Poland and the Czech Republic are still the CEE markets of choice for German investors seeking to locate their capital in commercial real estate.