Prime Kapital has started the development of close to 600 apartments in Bucharest and Iași following the completion of 700 residential units in both cities.

Living, Wing’s residential development arm, has completed Kassák Terrace, the third phase of Kassák Project in District 13 of Budapest, featuring 246 apartments.

Ozimska Park, a 17,000 sqm GLA facility built in Opole by Redkom Development and delivered in November 2023, has been sold. The new owner is Newgate Investment, which is successively expanding its portfolio of retail properties. It currently includes 33 projects located in various Polish cities. The price has not been disclosed.

Panattoni has completed a production plant for the Fortaco Group in Knurów, Silesia. The newly opened factory has an area of over 34,000 sqm.

Marjan Gigov has joined Cushman & Wakefield as an Associate and Specialist for Leasing Premium and Luxury Retail Spaces in the Czech Republic and CE region. In this role, he is going to be primarily responsible for leasing spaces and projects on Prime High Streets.

By reconstructing the office building in Prague's Brumlovka, together with the optimisation of technology operation, Passerinvest Group reduced the building's energy demand by more than 50%. It included a complete renovation of the facade and roofs. At the same time, all technologies ensuring a quality indoor environment were also modernised.

Speedwell has started the construction of the last building of its Triama Residence project in Bucharest.  

CTP has announced the expansion of the premises for CIE Automotive at CTPark Hranice located in Moravia with direct access to motorways leading to Olomouc, Ostrava and Poland.

The first larger building that is only intended for rental was opened within the Belgrade-based Skyline project in April and is already over 30% rented, which is a good rate of rental for buildings of this type, according to an opinion of Cordon consultants. 

Total demand for office leasing in Bucharest dropped by 25% to 236,000 sqm in Q3 compared to the same period of 2023, while new demand fell 11% to 82,000 sqm in the same interval due to the slowdown of the IT&C sector, according to a Colliers report.