In early October 2018, Cushman & Wakefield was appointed a property manager for Proximo II, an office building in Warsaw. The owner of the complex is ČS nemovitostní fond, the largest open-ended Czech investment fund managed by REICO.

Neinver has taken over the management of Silesia Outlet located in Silesia, Poland. The outlet centre currently being developed is scheduled to open this spring in the city of Gliwice. The investor of the facility is 6B47, one of the leading developers in the German-speaking countries. Neinver will be responsible for management, marketing and leasing.

HB Reavis has received a syndicated loan of €175 million for the construction of the Nivy Station project in Bratislava. The loan is processed through a bank consortium of UniCredit Bank, Tatra banka, ČSOB and HYPO-BANK Burgenland, the transaction agent is UniCredit Bank. HB Reavis utilised the first part of the loan in December of 2018.

Służewiec, a district in Warsaw and one of the largest and most prominent business districts in Poland, currently offers nearly 1.1 million sqm of modern office space. According to recent estimates, there is approx. 87,000 office personnel employed in the area. As the needs of staff and residents of the city change, there is a groundswell of opinion suggesting that this part of Warsaw needs a new strategy and a fresh action plan. What activities would contribute to the improved functioning and more favorable perception of this district as well as maintaining its attractiveness as a key business hub?

CTP enters 2019 with the announcement of Ana Dumitrache’s return to the company as Country Head of CTP Romania.

According to Knight Frank’s global report, residential prices in Budapest grew by 19% y-o-y in Q3 2018, registering the third largest growth rate in the world. Zagreb also registered a growth rate above 10%.

In Greek mythology, Icarus flew too near to the sun, melting the wax on his wings and he plunged into the sea. According to Colliers International’s new research, this might be a correct analogy for the current state of the construction markets in CEE.

Hungarian bank OTP reportedly plans to purchase the largest real estate project from Gránit Pólus in the Slovenian capital through the acquisition of project development companies, according to local media. The Emonika project, valued at €250 million, would see the construction of 196,000 sqm of office, retail, residential and hotel space.

Local real estate developer One United Properties has started the construction of a residential project located on a 3,835 sqm land plot in Bucharest’s Timpuri Noi area, zf.ro reports.

ZFP Investments has sold the Florenc Office Center, commonly known as the KPMG HQ building, in Prague, to Shinhan Investment Corp, a Korean based investment manager. CBRE represented the vendor in the sale of the asset. The transaction constitutes the first direct real estate investment in the Czech Republic by a Korean investor.