CTP has signed three key ten-year leases in its most sustainable industrial park near Prague, comprising more than 60% of a new 32,000 sqm building that will be delivered by the end of Q2 2024 at CTPark Prague North.

The expansion of Arete Park Dunajská Streda has received a building permit. It will offer an additional 13,000 sqm of modern space for storage, logistics or light manufacturing, within driving distance of Bratislava, Budapest and Vienna.

Alto Real Estate has just announced the winning design for the 15,000 sqm plot located near Bratislava's Old Town, in the Mlynské Nivy – Chalupkova zone, adjacent to Sky Park development. The international architectural-urbanistic competition, conducted in two rounds, has seen seven finalists selected from 38 contenders.

Romanian property company Impact Developer & Contractor said its net profit amounted to 39.9 million lei (around €7 million) in 2023, down by more than 59% versus 2022 over lower revenue from residential sales.

Global hotel operator Accor Group will introduce its premium hotel brand Pullman after taking over the management role at Hard Rock Hotel in Budapest. The opening is scheduled for the end of March 2024.

The alliance aims to combine the decades of construction experience of the DVM Group and the extensive industrial general contracting experience of Greenfield Development. However, the new partnership does not represent a merger.

Panattoni has recently started construction of another hall within Panattoni Park Ruda Śląska II. Now the company has secured financing for the investment. The €9.4 million loan was provided by Millennium Bank.

CPI Property Group has completed the sale of a few assets across Europe to third parties.

Repaco Capital has started the construction of Crevedia Retail Park that will be completed in H2 2024 near Bucharest following an investment of €15 million. The project has a leasable area of 12,000 sqm and has already reached an occupancy rate of 80%.

According to experts from BNP Paribas Real Estate Poland, Poland’s economic outlook remains stable but the global geopolitical situation and high interest rates across Europe continue to hamper a quick rebound in commercial property trading and large-scale transactions. Last year’s results confirmed a fall in liquidity for the CRE sector in Poland.