NEPI Rockcastle, Europe's third-largest listed retail real estate company by portfolio value, reported net operating income of €318 million for the first half of 2026, a 3.8% year-on-year increase. The result was driven by rental indexation, active leasing and tighter cost control, with a recovery rate of 96%. Like-for-like tenant sales rose 2.7%, supported by a 3.3% increase in average spend per visit. Occupancy stood at 98.2%, and a €126 million valuation uplift brought the total portfolio value to €8.4 billion.

Romanians spent more than €42 billion in major retail chains in 2025, up 5.6% on 2024 and 77% above the 2019 level, according to the Romania Retail Snapshot 2026 report published by Cushman & Wakefield Echinox, based on the financial results of 125 companies across 13 retail segments. Retailers recorded an average annual revenue growth of 10% between 2019 and 2025, outpacing cumulative inflation over the same period.

Investment transaction volume across the CEE-5 region (Poland, Czech Republic, Slovakia, Hungary and Romania) reached €5.5 billion in the first half of 2026, up 6% year-on-year, according to a Knight Frank report. Poland remained the largest market, accounting for 55% of total volume, with transaction volume rising 77% year-on-year. Knight Frank forecasts that annual investment volume in Poland could reach €6 billion in 2026, the highest level since the pandemic. The Czech Republic accounted for 26% of CEE-5 volume, Hungary for 11%, and Romania and Slovakia for 4% each.

Poland's hotel market has entered a phase of stable growth after several years of post-pandemic recovery. More than 2,600 hotels are currently operating in the country, with the number of available beds rising from 321,000 to 334,700 between 2024 and 2025, a 4.3 per cent year-on-year increase. As of March 2026, 263 hotels operated under 58 brands belonging to 17 international chains. "After several years of recovery, the Polish hotel market has entered a phase of stable growth. Demand remains strong, while hotels continue to improve their operating performance. Investor activity is robust, and alongside new projects and the expansion of international brands, the modernisation and repositioning of existing properties are becoming increasingly important," said Katarzyna Tencza, Transaction Director at Walter Herz.

Occupier activity across Poland's regional office markets totalled 310,000 sqm in H1 2026, representing a 21% year-on-year decline, according to a new report by AXI IMMO. Despite the overall fall in leasing volume, net take-up rose 13% year on year, accounting for 59% of total demand, with renewals making up the remaining 41%. Lease transactions signed in Q2 2026 were approximately 1.5 times higher than in Q1, though this was insufficient to offset a subdued start to the year. The largest deals included Brown Brothers Harriman's new lease at WITA C in Kraków (13,700 sqm), Enea Group's renewal and expansion at Business Garden Poznań (11,500 sqm), and Adtran's renewal at Tensor Y in Gdynia (6,800 sqm). The IT, manufacturing and business services sectors recorded the highest leasing volumes.

Deutsche Pfandbriefbank AG (pbb) has provided an investment loan facility of €78 million to BGO, acting as arranger and sole lender under the facility. The loan refinances a portfolio of five logistics assets across central and western Poland.

Develia has launched pre-sales at its new residential project Bracka Vita in Katowice, located next to Park Śląski. The 16-storey building will contain 132 apartments and a number of retail units, with construction scheduled to begin in the fourth quarter of 2026 and complete in the third or fourth quarter of 2028.

Matexi Polska is entering the final stage of its Splot Wola residential development at ul. Sowińskiego 28 in Warsaw, with more than 75% of the 103 apartments already sold. The project, located in the Odolany and Ulrychów area of the Wola district, comprises flats ranging from two to five rooms, including split-level units with terraces on the top floor. The remaining available units are predominantly two-room apartments.

The Horizon City residential development in northern Bucharest has secured €36.5 million in financing from Libra Internet Bank. The funds will support the continuation and acceleration of construction works, with full project completion now targeted for the first half of 2027, six months earlier than originally announced. The financing is structured to provide resources independently of the pace at which advance payments are collected from buyers under pre-sale agreements.

Komplex Torus, a distributor of household chemicals, cosmetics and hygiene products, has leased nearly 6,800 sqm at MLP Pruszków II near Warsaw. Of the total area, approximately 6,500 sqm will be used for warehousing, with the remainder allocated to office and staff facilities. The completed unit is scheduled to be handed over in the fourth quarter of 2026. Newmark Polska represented the tenant in the lease negotiations.