Wing has sold the Angyal (Angel) office building, set adjacent to Boráros Square in Central Budapest, to French economy hotel chain B&B Hotels. The building will be converted to a hotel based on the two companies’ strategic agreement, and become B&B Hotels’ first hotel in Hungary, with Wing taking on development tasks. The first B&B Hotels location in Hungary set to open on 7,700 sqm.

During 2018 the total commercial real estate investment transaction volume passed the €1.8 billion level in Hungary, marking the third consecutive year of stable and strong investor appetite and the highest annual transaction volume since 200, according to JLL Hungary's latest numbers. Hungarian funds were the most active purchasers with a market share above 50%.

Globalworth Poland has closed the acquisition of two office buildings in Warsaw, Skylight and Lumen, from Unibail-Rodamco-Westfield.

The total value of commercial real estate investment transactions in Poland may exceed €6.3 billion for 2018, the best ever result for the country's market, JLL reports.

Hosted by RICS in Austria, the 6th Annual RICS CEE Event, held at the British Ambassador’s Residence in Vienna, aimed to answer a number of questions related to the future of the profession and presented how RICS, a solution leader in the real estate sector, helps professionals become well-equipped to meet challenges of the 21st century.

Profitability of the 22 construction groups listed on the Warsaw Stock Exchange continued in the negative territory throughout Q3 2018. Moreover, the third quarter of the year was the second consecutive quarter in which profitability reported by property developers was on the decline, though it should be noted that their earnings were still fairly decent and at a sound level when compared to contractors. On the other hand, financial results delivered by manufacturers and suppliers of building materials and construction equipment were solid

Wing has acquired Siemens’ office complex on Gizella Road in Budapest. The complex offers a total GLA of 40,000 sqm in eight buildings, most of which is office space, in addition to areas with industrial and educations functions. The property also has the potential for further development.

The European Investment Bank (EIB) is lending €150 million to Warehouses De Pauw (WDP) to finance the construction of 43 warehouses, all located in Romania’s convergence regions. The new logistics facilities will be rented long-term, with a focus on establishing new logistics or light industrial operations. This will promote employment generation and the EU's supply chain security, resulting in particular from the rapidly growing e-commerce business platforms.

Peakside Capital has completed the disposal of the Cube office building in Prague to BPD Development, a Prague-based development company.

STRABAG PFS Austria GmbH signed the agreement for the acquisition of 100 % of the shares of Caverion Polska Sp. z o.o. of Warsaw, a Polish specialist in the field of technical facility management (TFM). The previous owner, Finland’s Caverion Oyj, has chosen to withdraw from this market.