With the addition of János Gárdai in April and Dr. Ildikó Rézműves in May, Biggeorge Property Plc.'s top management was further expanded. The two new directors are responsible for the areas of asset management and communications in the Hungarian company. János Gárdai also serves as a member of the Board of Directors. The organizational transformation is driven by expansion goals and the objective of optimizing current operations.

Revetas Capital has secured three mandates from Korean Asset Management Companies (AMCs) representing multiple Korean Institutional Limited Partners (LPs), with an initial investment volume of more than €860 million.

Renewable Energy Investments is a proposal from Colliers for investors looking to diversify their property portfolio by expanding into renewable energy projects. The service includes comprehensive transactional advice, investment support for photovoltaic and wind farms and energy storage.

On behalf of Generali Adriatic Value Fund, SIF, Peakside Capital and Generali Investments Slovenia have sold the Austria Trend hotel located in the capital of Slovenia. The buyer is Serbian company Agromarket d.o.o., Kragujevac.

Panattoni has received financial support for the development of the City Logistics Kraków III project. The €21 million loan granted by mBank will make it possible to finalise the construction of this logistics park located in Kraków’s Nowa Huta district.

Volvo Tech Hub will occupy 10,000 sqm of space at Brain Park C. A new section of Volvo Car Poland will be moving into the Kraków office building, from Echo Investment, in three phases, starting in September 2024. In the transaction, the tenant was represented by JLL Polska. In addition, JLL's PDS department also provided support for the project.

Spaces leased by private medical operators now represent about 2.5% of the total modern office space available in Bucharest, with most of the players occupying buildings in Bucharest’s main office hub based in northern Bucharest, according to an iO Partners report.

Romanian property group Impact Developer & Contractor has announced the appointment of Richard Dan-Sebastian Câmpeanu as interim General Manager starting June 1 following a decision of the Board of Directors. He will replace Constantin Sebeșanu, who will complete a 3-year stint at the helm of the company.

The value of investment transactions in all real estate market sectors, both in Poland and Europe, still significantly deviates from the scale of investments recorded before the outbreak of the pandemic. Nonetheless, last year saw the first signs of recovery in the hotel segment. The sale of the hotel part of The Warsaw Hub by Ghelamco signalled a return to investing international capital in the Polish market. In October last year, the Crown Plaza and Holiday Inn Express hotels were acquired by the French investment fund Corum. 2023 saw a total of four transactions, partially carried out by Polish investment entities, contributing to investments totalling around €83 million in this sector. In the first months of the current year, two hotels along the Baltic Sea changed hands. Walter Herz summarised the situation in the Polish hotel market.

Industrial packaging distributor Neopak is to move its main warehousing facilities to Panattoni Park Warsaw South IV, where it is to occupy over 10,500 sqm of warehouse and office space.