About 10 years ago, Lehman Brothers’ bankruptcy would mark the peak of the global financial crisis and would be followed by a deep recession in several parts of the world, including Romania. However, Romania has come a long way in the last decade, with the economy seeing some radical transformations, as well as in real estate; the real estate consultancy company Colliers International Romania sees the next 10 years offering an attractive risk/reward profile.

K&H Bank concluded a financing agreement with the developer concerning BudaPart GATE, the first office building of the largest multi-functional real estate development of Budapest. The first office building of BudaPart is a 20,092 sqm and 11-storey building with an occupancy soon reaching 40%.

NEPI Rockcastle announced the acquisition of 100% of Mammut 2 and 81% of Mammut 1, which jointly form the Mammut shopping centre in Budapest. The aggregate net purchase price for the acquisition was €254 million, according to the company's statement.

Prologis announced two appointments at its Central and Eastern European project management operations. The appointments are designed to enhance the company’s capabilities for developing complex projects within a specified budget and time frame.

The office stock in the major regional cities of Romania - Cluj-Napoca, Timisoara, Iasi and Brasov – has doubled over the past five years and will continue to grow at an accelerated pace, being expected to exceed the 1 million sqm threshold in 2019, according to the Cushman & Wakefield Echinox Office Market Regional Cities study.

1.16 million sqm of modern office stock, demand hitting 77,200 sqm and 300,000 sqm of space under construction – this is the current situation on the office market in Kraków at the end of H1 2018. The market has grown nearly fourfold in the last decade, according to JLL.

The CEE investment market continues to perform well in 2018 but investors are becoming increasingly cautious, driven by rising interest rates and the changing attractiveness of certain asset classes. Mike Atwell, Head of Capital Markets Czech Republic and Lead Director CEE at JLL talked to Property Forum about investor sentiment, financing and transparency.

Hines, on behalf of the Hines Russia & Poland Fund (HRPF), has today announced the sale of the Proximo II office building for CS nemovitostní fond (CSNF), managed by REICO investment company of Česká spořitelna (REICO IS ČS).

Skanska is commencing the construction of its Parkview office building, designed by architectural studio Richard Meier & Partners. The nine-storey building, that will offer nearly 16,000 sqm of office space is scheduled for completion in Q1 2020.

South African real estate investment trust Hyprop Investments has acquired a hypermarket adjacent to its shopping centre The Mall in the Bulgarian capital for €23 million back in June.