Ciprian Ciucu, the Sector 6 mayor, has been elected as the new mayor of Bucharest with 36.16% of the votes secured in Sunday's elections. Based on his recent statements, one of his priorities will be the completion of the Urban General Plan (PUG), which should unlock new real estate developments based on the needs of the city.

In a video interview recorded at CEE Property Forum in Vienna, Andrei Văcaru, Head of Capital Markets CEE at iO Partners, shares his perspective on the year ahead, discussing market optimism, investor activity across the region and the company’s ongoing expansion. While the environment is changing quickly, the firm sees solid fundamentals, growing regional capital and strong momentum for a focused regional player.

Czech investment group SPM has acquired Campus Science Park, a business complex in Brno, from Corebridge Real Estate Investors (CREI). The complex was developed in phases by CREI in partnership with developer White Star Real Estate.

Helaba has provided the Invesco Real Estate-European Living Fund with long-term financing of €25 million for the Delta Hagibor residential complex in Prague.

Global Vision Investment Fund (GVIF) has signed a €4.5 million refinancing agreement with Raiffeisen Bank Romania for its retail project in Oradea. The development is anchored by Atac by Auchan under a long-term lease agreement and has earmarked landbank for a planned retail gallery.

After nearly four years of large-scale invasion, Ukraine faces growing challenges in its recovery, the URE Club writes in an article for Property Forum.. According to the updated Rapid Damage and Needs Assessment (RDNA-4) released in February 2025, the total needs for reconstruction and rehabilitation for the next ten years amount to $524 billion.

Allianz-Țiriac Asigurări has completed the sale of its two former headquarters located in the Victoriei Square area of Bucharest, through transactions brokered by Cushman & Wakefield Echinox.

iO Partners has appointed Andrei Văcaru as Managing Director for Romania, effective January 2026. After a transition period with Văcaru until year-end, Vlad Stanislav will take time off before pursuing new opportunities.

Romania's modern retail market continues expanding, surpassing 5 million sqm of leasable retail space in 2025, according to Colliers data. The approximately 190,000 sqm delivered this year consolidated a stock heavily concentrated in Bucharest and five other counties, which together account for almost half of the total. However, Romania remains below regional peers in retail space per capita, indicating potential for further development.

Generali Investments, in partnership with Peakside Capital, has closed the Generali Adriatic Value Fund I (Generali AVF I) following the sale of the Arkadia shopping centre in Domžale. The fund has completed its investment cycle, including the distribution of proceeds to investors and the commencement of its formal closure.