Romanian developer Scala Development, part of Ax Perpetuum group, has secured  RON 119 million (€24 million) from Libra Internet Bank for the development of the Scala Sopor residential complex in Cluj-Napoca.

Elena Oancea, Co-CEO of Goldbach Group, talked to Property Forum about the group’s ongoing developments in the retail parks niche, the focus on sustainability in its construction and interior design divisions and its pipeline of photovoltaic projects in Romania.

Timișoara emerged as the sole Romanian city to experience growth in the office leasing market during H1 2025, defying a national downturn, according to a report by Fortim Trusted Advisors.

Square 7, part of M Core, is expanding its retail footprint in Romania with the development of M Park Orăștie.

Local developer EnVogue Residence will include a Hilton Garden Inn hotel in the final construction phase of the EnVogue Residence – Iuliu Maniu project. The hotel will be part of a new, two-section building whose structure has already been finalised.

Prague's first skyscraper, built in 1934 and known as the Trade Union House in Prague's Žižkov district, is set to receive a major renovation, reports seznamzpravy.cz. The dilapidated but listed building has been owned by the bathroom empire SIKO since 2018.

Office leasing in Bucharest reached its lowest point in four years during H1 2025, according to Colliers consultants. Total leasing transactions exceeded 100,000 sqm, representing a more than one-third decrease compared to the same period last year.

Malaysian home and DIY discount retailer MR.DIY is continuing its expansion in Poland, with four new stores opening this summer in Warsaw: Galeria Wileńska, CH Blue City, CH Zielony Targówek and Galeria Młociny. The company has also announced plans to use Poland as a logistics hub for further expansion across Central Europe.

Budapest's office market recorded a notable decrease in its vacancy rate during Q2 2025, reaching 12.8%. This marks a 1.29 percentage point drop from the previous quarter and a 1.18 percentage point decrease year-on-year, according to the Budapest Research Forum (BRF). Net absorption also turned positive, reaching 57,000 sqm.

Pavăl Holding, the investment vehicle of the Pavăl family and Romania's largest local entrepreneurial group, announced its strategic acquisition of Praktiker Hellas, Greece's leading DIY retail chain owned by Farifax Financial Holdings, for an undisclosed sum.