Law firm Kinstellar has advised Globalworth on the sale of a part of its logistics portfolio to CTP. The deal was signed in March 2024 and the closing was recorded in the next month.

Palas Campus, the largest office building in Romania, developed by Romanian developer Iulius in Iași, has achieved two green certifications.

Globalworth has secured the LEED certification for Globalworth Tower Center International, located in the CBD area of Bucharest. Cushman & Wakefield Echinox has assisted the office developer in the certification process.

Romanian developer La Gloire Elite is investing €8.5 million in a high-end residential building based in central Bucharest.

The general assembly of Tatry Mountain Resorts has agreed to issue approximately 6.3 million of new actions. The tourist operator is hoping to get up to €120 million of new capital.

The RSJ investment group has completed the reconstruction of the U Červené lišky (At the Red Fox) building on Old Town Square in Prague. The investment group RSJ has owned the property U Červené lišky since December 2021 and evaluated the purchase more as a matter of the heart than as an investment.

Q1 2024 retail data has revealed that the difficult period of the coronavirus pandemic and the unfavourable economic situation of last year is over in the Czech retail market. In its analysis of the Shopping Center Index, CBRE has looked back at the 2023 performance of regional shopping centres.

Interest in the industrial and logistics space in the Czech Republic has reached a record height, rising 50% in the years 2019 and 2023 comparison. The growth in interest continued in the first four months of this year. Cushman & Wakefield is presenting data based on its record of enquiries.

TMS Inwestycje, a company controlled by Tobias Solorz, has acquired the 148-room Holiday Inn Resort Warszawa Józefów hotel from the Aquila Group. The transaction included both the property and the shares in Aquila Hotels, the company operating the hotel in Józefów.

Poland's industrial market remains steady and adapts its growth rate to the macroeconomic conditions in both the local and European markets. The gross take-up statistics, which stood at 870,000 sqm at the end of Q1 2024, demonstrated the restricted growth of businesses in the industrial and logistics sectors. Developers supplied about 850,000 sqm between January and March 2024, which prompted Axi Immo analysts to report a slight increase in vacancy rates to 8.2%. The industrial sector has more than 32.7 million sqm of total stock. Nonetheless, a further 2.3 million sqm are still being built.