CBRE advised flexible space provider Regus in the opening of its 12th centre at Sun Business Center project, located within Sun Plaza shopping centre. The decision of Regus responds to the demand for flexible spaces from companies in the northern half of the city, in order to provide an alternative for the employees living in the southern area, their share being estimated at 50% of the total staff.

Irish clothing chain Primark‘s long-anticipated market entry into Slovakia has been confirmed as the company has signed a lease agreement with Eurovea. At the same time, the shopping centre has announced that it reached 70% occupancy in the forthcoming extension. Cushman & Wakefield facilitated the transaction.

S Immo Hungary closed a major deal by selling one of its Budapest office buildings. The transaction was conducted after a longer negotiation period. Twin Office Center was part of the company’s portfolio for 14 years, operating with 100% occupancy. Neither the name of the buyer nor the transaction price has been disclosed.

Local investor DRFG, through its Czech Real Estate Investment Fund, has acquired the Olomouc CITY shopping centre from Mint Investments. With this acquisition, DRFG manages the first primarily leisure-oriented property in its portfolio.

Trei Real Estate GmbH, a property developer and property asset holder of residential and retail real estate with activities across Europe, develops its sixth retail park of the Vendo Park brand in the Czech Republic. The property is located in the small town of Mnichovo Hradiste, which lies around one hour’s drive north-east of Prague. The total investment costs add up to €2.6 million and the completion is scheduled for Q2 2020. The company plans to keep the asset in its portfolio long-term.

Invest4SEE has sold the second phase of the Invest4SEE Industrial Park Dubnica to REICO’s ČS nemovitostní fond for around €9.5 million. CBRE represented Invest4SEE in the negotiations.

Libra Internet Bank and developer Niro Group have signed a financing agreement worth €24 million for the development of a Swissôtel hotel on Expozitiei Boulevard in northern Bucharest.

Skanska has acquired about 26,200 square meters of land in Bucharest, Romania, from Intero Property Development Estates SRL. The total investment amounts to €24 million.

From retail survival and sustainability investment through to the impact of automation and major political and economic change, Cushman & Wakefield’s new EMEA insight report explores the major themes the commercial real estate industry needs to keep in mind next year.

With the checkout of the last guest on 4 November 2019 a new era has started in the story of the downtown building which in the past 20 years was known as the four-star Starlight Suiten Hotel Budapest. The new Mamaison Hotel will open its gates expectedly in mid-summer 2020. CPIPG also announced plans for a brand new 3-star property (located between the ex-Starlight and the Four Seasons Gresham Palace.