In accordance with its business strategy - consisting in allocating capital to the most promising markets, which will underpin sustainable results in the future, Orbis has signed a purchase agreement for the plot, building and the business related operations in Mercure Bucharest Unirii for €11.35 million.

Shopping centres remain the dominant retail format on the Polish market. Poland now has more than 420 shopping centres that provide 10.5 million sqm, accounting for 73% of the country’s total retail stock. Retail experts at Cresa Poland analysed the Polish retail market

In its latest Global Sustainability Report, JLL reported exceeding its goals for carbon emission reductions within its corporate offices and committing to set a Science Based Target by 2020. Reductions achieved on a per corporate office employee basis included a drop in building-related greenhouse gas emissions by 15 percent (vs. a target of 10 percent), building-related energy consumption by 12 percent (vs. a target of 10 percent), and rented area by 10 percent (vs. a target of 8 percent).

Heiko Himme has been appointed Head of Real Estate Central Europe at WeWork. Currently Head of Office Agency Germany and Team Leader Office Agency Berlin for Cushman & Wakefield, Heiko will join WeWork by the end of the year. Kathrin Hellwig who has been with Cushman & Wakefield since 2013 will take over his responsibilities as Team Leader of Office Agency – Berlin with immediate effect.

Hong Kong Central remained the most expensive office market in the world, according to CBRE’s annual Global Prime Office Occupancy Costs report.

PropTech influencers James Dearsley and Eddie Holmes have raised £150,000 of pre-seed funding from a raft of significant strategic investors to build the first global PropTech information and data platform. The new platform, called Unissu, provides the richest dataset of PropTech companies, information and research. Currently in closed beta, it will formally launch later this year.

The Supervisory Board of Immofinanz AG approved the package sale of the approximately 26% investment in CA Immo. The 25,690,163 bearer shares and four registered shares in CA Immo will be purchased by SOF-11 Starlight 10 €S.à r.l., a member company of the Starwood Capital Group (Starwood). The selling price for all shares covered by the package transaction totals €757.9 million,

Governments worldwide have been gradually forging greater transparency in real estate markets, addressing growing demands from investors and the public to deliver significant change. JLL’s Global Real Estate Transparency Index reports slow but steady progress driven by increased regulations and new technology.

NEPI Rockcastle announced that, through its subsidiary NRP Shopping Centre Project Two s.r.o., it has signed a binding agreement to acquire 100% of the shares in MLYNY, a.s., being the owner of Galeria Mlyny shopping centre in the city of Nitra in Slovakia from a group of local investors. The aggregate purchase price for Galeria Mlyny was €121.8 million.

Colliers International Romania advised on the sale of Maestro Business Center office building in Cluj-Napoca, one of Romania’s most important regional cities. The acquisition made by First Property Group, a UK investment fund, favors the opening of a new investment market in Cluj-Napoca.