As of December 20, 2024, the owner of Reico has changed. The new owner (shareholder) of Reico is Erste Asset Management GmbH. 

This year marks a crucial stage for the European real estate market, which is undergoing a process of recovery and transformation. Favourable economic factors, such as stabilized inflation, reduced interest rates and increasing real incomes are strengthening this sector as a key pillar of the continental economy, according to a Cushman & Wakefield Echinox analysis. 

After four years, the reconstruction of the former Prague InterContinental hotel is reaching its completion. The hotel is to be operated by the international Fairmont hotel chain under the name Fairmont Golden Prague, reports E15.cz. 

Romanian real estate agency Griffes has closed lease deals worth more than €95 million in 2024, with Bucharest holding 75% of the total volumes. 

Czech real estate developer Urban Developers and Investors Ltd. Group (UDI Group) is making its first investment in Hungary, in a Budapest-based residential project. 

Sorin Preda, CEO and Founder of Global Vision, talked to Property Forum about the company’s ongoing developments in Romania, shared his market outlook for 2025 and provided insight into the company’s investments into sustainability and technology.

Located in Warsaw's Praga-Północ district, the Białostocka 5D development by Eiffage Immobilier Polska has just been purchased by Heimstaden, one of the largest operators on the European institutional rental market. The price has not been disclosed.

A new fund managed by Upvest and the investment company RSJ have secured a quarter share in the Černý Most shopping centre in Prague, reports Hospodářskénoviny.cz.

Mitiska REIM, the investor specialized in retail and logistics projects, has secured a €50 million co-investment alongside the MEREP 3 value-add fund from the European Bank of Reconstruction and Development (EBRD).

The Slovak real estate cadastre has been paralysed for the third day, reports SME.sk. While a short-term outage may not bring any significant restrictions, a long-term one can mean serious problems.