Bulgarian Real Estate Fund plans to invest €33 million in the construction of an office building in state-owned Sofia Tech Park. At first, the project will be financed with the proceeds from the company's planned capital increase, while at a later stage the construction works will be financed through loan financing.

Immofinanz has leased a total of over 15,000 sqm in Bucharest in the first half of this year. This is equivalent to 8% of its current overall leasable office space in Romania. The company has attracted new tenants for 8,300 sqm of office space and extended contracts for an additional 7,500 sqm in six of its office properties.

CTP announced the appointment of Mr. Gyula Nagy as Chief Financial Officer (CFO) CTP Hungary effective 16 July 2018.

Skanska has invested €52 million in the first phase of an office development in Wrocław, Poland. The first phase with a total leasable area of around 26,000 square meters will consist of two buildings, 15 and six stories high, with a shared two-level underground parking lot.

A good location is the key to success in retail. It may, however, take some time before a suitable store is found for a brand entering the Polish market. Most brands want to open their first stores in Warsaw. That’s why retailers would rather wait than start off somewhere else, says Szymon Łukasik, Head of Retail Department at Cresa Poland.

Radisson Hospitality announced the signing of the new Radisson Blu Hotel in Prague. The upper upscale branded hotel will complement our Park Inn Hotel Prague.

According to Cushman & Wakefield, total investment volumes in Poland in H1 2018 surpassed €3 billion reaching €3,246 million, up 113% on H1 2017.

Total demand on the Budapest industrial market amounted to 59,740 sqm in Q2 2018, marking a 72% decrease over the figure noted in the same period last year. The Budapest Research Forum published its quarterly industrial market analysis.

Globalworth Poland announced the acquisition of Spektrum Tower in Warsaw from Europa Capital for €101 million. With this acquisition, the combined value of the company's portfolio is now broadly split between Romania and Poland.

The founders behind Unissu, the leading global platform for all PropTech data, information and research, have announced they have acquired Singapore based www.disruptproperty.com