Romanian entrepreneur Daniel Ștefănescu, owner of mobile phone distributor Gersim, has purchased the IPA office building in northern Bucharest from a group of investors.

In a significant political shift for CEE, Romania elected Nicușor Dan as president on May 18, 2025, while Poland's pro-European candidate Rafał Trzaskowski narrowly led the first round of its presidential election. These outcomes suggest a regional move toward centrist, pro-EU leadership.

Mogotel Hotel Group has opened the first Mövenpick-branded hotel in Budapest, marking a significant expansion in the Hungarian capital. 

Since the onset of Russia’s full-scale invasion, Ukraine has experienced profound demographic and economic shifts. One of the most significant developments has been the increasing strategic importance of the country’s western regions—Lviv, Ivano-Frankivsk, and Zakarpattia—as safe havens for internally displaced persons (IDPs), as well as new focal points for business relocation and investment. The Ukrainian Real Estate Club has summarised the situation for Property Forum.

Gridarch (formerly Concens Investments), the BMW Group, the Statutory City of Ostrava and the Moravian-Silesian Region have laid the foundation stone of the BMW Group logistics centre this week.

The Mlynské nivy bus station is the main bus terminal in Bratislava. The spacious station has now entered a reconstruction, with HB Reavis' goal to optimise its area and adapt it to real transport requirements, reports Yimba.sk.

Iulius and Atterbury Europe have completed a €40 million investment in the expansion of Iulius Mall Suceava.

Penta Real Estate has completed and handed over a residential building with 54 apartments for long-term rental housing in the area of Waltrovka Pod Vidoulí in Prague. It has been built on a turnkey basis for the XPlace platform, which is operated by the Archbishopric of Prague. 

CA Immo completed the sale of the IP West office building in Budapest. The buyer is BYD, a Chinese company that develops and manufactures rechargeable batteries, electric vehicles, rail transit systems, and other new energy technologies, as confirmed by Colliers. The agency represented the buyer in the transaction and provided project management services. The sale was also supported by CBRE and CERHA HEMPEL Rechtsanwälte.

The Czech headquarters of the American Citi are soon moving to Nova Waltrovka in Prague. The bank will occupy new premises in the Metalica building from Penta Real Estate.