The iconic 1967-built Hotel Budapest — locally known as Körszálló (meaning 'circle hotel') — has officially received demolition and construction permits for a near-complete rebuild. Most of the cylindrical tower and interior will be taken down and reconstructed to house around 50 luxury apartments, along with wellness facilities, restaurants, offices, and public amenities, 24.hu reports.

Vistra Fund Solutions has announced that Sylwia Toczyska has rejoined the firm, bringing over 25 years of international experience in tax, accounting, and fund operations across Central and Eastern Europe.

A recent panel discussion at Prague Property Forum 2025 brought together industry leaders to explore the evolving landscape of investment across different asset classes, with a particular focus on retail, office, and industrial properties. Moderated by Josef Malíř from Star Capital Finance, the conversation revealed nuanced perspectives on investment strategies, sustainability, and market challenges.

Deutsche Pfandbriefbank AG (pbb) is accelerating the execution of its Strategy 2027 by withdrawing from the US market and focusing entirely on Europe. The move is intended to streamline operations and channel resources into more profitable, stable markets. The bank will wind down, securitise, or sell its €4.1 billion US portfolio, which has an average remaining maturity of 2.5 years.

The industrial real estate market in CEE has entered 2025 with strong momentum. According to new market data released by iO Partners, the total stock of industrial space has reached 34.4 million sqm in Q1 2025, marking a 1.1% quarter-on-quarter increase. 

Geosan Development has announced the promotion of Radoslav Rachač to the position of Director and CEO. He is moving to the new position from the previous role of Economic Director and Managing Director, which he has held in the company since 2014.

Although many companies have announced the return of employees to corporate office spaces and are striving to achieve full occupancy, findings from Colliers’ latest survey have shown the ideal occupancy for working environments.

The logistics project Panattoni City Dock Törökbálint has reached full occupancy, over robust demand for industrial projects in the greater Budapest area. 

Panattoni has secured financing for the construction of the third and final hall at Panattoni Park Warsaw West. The €10.2 million loan was granted by Erste Group Bank AG.

Speedwell has announced the appointment of Michał Stępień as its new country manager for Poland. The move marks a key step in the developer’s regional expansion strategy, as it looks to replicate its Romanian success in the Polish market.