Skanska invests €50 million in the second phase of Generation Park, an office project located in Warsaw, Poland. The second building, with a total leasable area of about 18,300 square meters, will comprise 16 stories above ground and two stories of underground parking. The investment will also include four underground parking levels for the planned third building.

Rudolf Nemes will be joining CTP as Country Manager in Hungary, effective on January 8th, 2018, while István Pozderka became the company’s new Senior Business Developer in Hungary, effective on January 1st, 2018. The primary task of the new team will be to accelerate business growth and to strengthen the Hungarian platform in order to create the foundation of a sustainable future expansion.

Blackstone Property Partners Europe Lower Fund 2 plans to acquire 24 logistics centres from Goodman. The buyer intends to buy assets and shares in several companies which own properties in Poland, France and Germany.

Catalyst Capital, a European real estate investment and fund management firm, has bought Nobilis Business House from Echo Investment for €44 million. The building, located on Marii Skłodowskiej-Curie Street in Wrocław, was completed in late 2016.

In 2017 the large number of office projects delivered across Poland filled up quickly as occupier demand remained robust. Traditional drivers of demand were joined by emerging trends that are shaping the future of the office market and commercial real estate as a whole. Bolesław Kołodziejczyk, Phd, Head of Research & Advisory at Cresa Poland analysed the Polish office market.

EPP has acquired O3 Business Campus II, the second building of an office complex located on Opolska Street in Kraków from Echo Investment as a part of the ROFO transaction agreed in 2016.

P3 has acquired over 17 hectares of land in the vicinity of P3 Bucharest Park with the purpose of developing the park up to 500,000 square meters in the next two years. The new plot of land allows for the building of a warehouse of up to 100,000 sqm.

Carrefour opened a new hypermarket in Warsaw. Its customers will be able to take advantage of its digital solutions, as well as range of new commercial concepts, including m-commerce type services, a restaurant right in the heart of the store and a line of checkouts that is not quite what they'll be expecting.

YIT has sold housing projects in Prague, the Czech Republic and in Bratislava, Slovakia to YCE Housing I fund. The value of the projects is approximately €50 million, and the sales are recorded in the last quarter of the year.

Globalworth provided an update on a number of initiatives completed prior to year-end: the acquisition of two land plots in Bucharest, an increase in its shareholding in Griffin Premium RE and the completion of the EPP deal.