Industrial developer CTP has expanded its partnership with delivery company Cargus following the inauguration of a new warehouse in Sibiu.

Cushman & Wakefield has taken over the management of the OC Opatovská shopping centre in Prague 4, owned by Conseq realitní fond.

The mixed-use complex Lake Station in Nové Mesto in Bratislava by Intrade Asset Management has managed the EIA process extremely quickly, reports Yimba.sk. Dominant towers are planned on the former brownfield near the railway station.

Development group Crestyl has presented the new Kappa residential building on Prague's Hagibor next to the Želivského metro station. The construction of the fifth apartment building within the Hagibor project is starting at the beginning of 2025, with completion scheduled for 2027.

CA Immo has reported a stable operating development for Q1 2024. The results show, among other things, a slight increase in rental income (+4%) due to the completion of project developments in previous years and higher rental income from investment properties. Despite this increase in rental income, both the operating result (EBITDA) and the consolidated net income were down on the previous year's figures, mainly due to the exceptionally high sales result in Q1 2023.

Remodelling an iconic commercial building and preserving its historic heritage is a challenge. Finding a perfect tenant mix for a long period is an even bigger problem. Property Forum asked Oliver Balogh and Viktor Balogh, founders of Corvin Palace Kft. about the ways the development company met these challenges.

Urbano Group will start this year the development of a commercial project in the western part of Cluj-Napoca metropolitan region and named Nhood Romania as exclusive agent of the new complex branded as Urbano Shopping & Living.

Commercial property investment in Romania amounted to €202 million in Q1 2024, up by 69% compared to the same period of last year, with retail accounting for around two-thirds of the deal volume, according to a Colliers report.

Retail parks continue to attract strong investor interest and remain the most popular retail format on the development market. Meanwhile, new brands are entering the Polish retail market, which is also seeing the rise of AI-powered solutions, say BNP Paribas Real Estate experts in their latest report. 

Shay Baruch has taken over the role of LivUp CEO, succeeding Roee Shamir, who has decided to pursue new career challenges after completing a duration of 7 years at this position.