Cromwell European REIT has announced that it is to acquire six office properties in France and Poland. CEREIT is to pay €246.9 million for all six properties.

One United Properties has completed the concept of its new office project One Cotroceni Park.  The new project can offer a floorplate up to 8,000 sqm, addressing companies in search of a headquarter efficiency solution.

Hines, on behalf of Korean investors represented by IGIS Asset Management, has completed the acquisition of the Zalando Lounge distribution centre in Ameryka near Olsztynek. Hines will be the asset and property manager, providing a comprehensive service for IGIS and investors represented by IGIS.

The share of food & beverages in modern shopping centres in Sofia is two to three times below the European benchmark, according to the latest report by Colliers International. From 5% a decade ago, it grew to 10-15% of GLA in European cities in present times and is forecasted to reach 20% by 2025. The share of F&B in Sofia shopping centres is about 6% or 20,000 sqm of the total space.

According to Cresa’s report, Katowice’s office stock has increased by nearly 9% over the year to almost 520,000 sqm at the end of the first quarter of 2019. More than 30,000 sqm is expected to be added to Katowice’s office stock by the end of this year.

SEGRO, acting on behalf of SELP, has completed the purchase of 7R Park Wrocław in Biskupice, a warehouse project located in one of the key logistics hubs in Poland. With this acquisition, SEGRO doubles its portfolio in the Lower Silesia region.  

The cumulative turnover of the most important players on the Romanian real estate consultancy market has almost reached the €50 million mark in Romania, wall-street.ro writes.

Developments in Serbia, the newest country in the CTPark Network, are fully underway. CTP is developing Class A properties around the capital Belgrade and other regional cities to respond to the growing demand in this new CEE business hotspot.

Hilton Garden Inn opened its first hotel in Hungary, Hilton Garden Inn Budapest City Centre. Located just steps away from the Opera House and St Stephen’s Basilica, Hilton Garden Inn Budapest City Centre has 214 rooms.

Automotive parts supplier Continental Romania is investing €27 million to expand its office building in Iasi. The new building will have eight floors and a total built-up area of over 21,000 square metres. Completion of the project is scheduled for March 2020.