Albania's real estate market is making a growing contribution to the country's GDP, with performance across multiple sectors. The hospitality, office, and residential markets are driving this growth, while the retail and industrial sectors are experiencing steady expansion.

Penta Real Estate and Bureš & partners have established a joint venture called Flet, with an aspiration to change the standard for rental housing in the Czech Republic.

The sale of the Bory Mall shopping and entertainment centre from Penta Real Estate's portfolio has been completed. The transaction has been approved by the Antimonopoly Office of the Slovak Republic, thus completing a process that took more than a year.

Garbe has received a building permit for the second phase of its Garbe Park Brno South project. It is adding two modern buildings, bringing the park’s total area to 111,000 sqm.

Clarion Partners Europe has acquired a 47,000 sqm warehouse in Žatec, Czech Republic, on behalf of one of its commingled funds.  

ITB, the developer of the Čerešne quarter in Bratislava, has launched a pre-sale of apartments in its next phase. A new 19-floor building will be added to the growing city district. 

British investor Ghai Sant Ram has officially launched Horizon City, a new residential development representing a significant investment of €130 million that is based in Pipera, near Bucharest. 

The Gdynia City Logistics distribution centre, developed jointly by Torus and BTV, has been awarded BREEAM International New Construction V6 certification at the Excellent level, confirming its environmental and quality standards. The certification process was carried out by Sweco Polska, with Pekabex BET S.A. as the general contractor.

The residential market in Bucharest returned to a rhythm more in line with previous years, following the record-breaking July, according to an analysis of Fortim Trusted Advisors.

Futureal Investment Partners has finalised the revitalisation of Wratislawia Tower in Wrocław, handing over the reimagined space to its new tenant, Focus Hotels S.A. The transformation has turned the property into a modern, energy-efficient facility that combines hotel, office and cultural functions, the company announced on LinkedIn.