Hungarian developer and investor Biggeorge Property Plc has purchased a 35,000 sqm development land plot in Budapest, from ECE, for an undisclosed sum.

Ahold Delhaize has completed the acquisition of Romanian food retailer Profi Rom Food SRL (Profi) from MidEuropa for approximately €1.3 billion, the Belgian retailer announced in a press release. 

Property investments in CEE have accounted for 6% of the total volume recorded across Europe, during 2024, to around €7.7 billion, according to estimates by Cushman & Wakefield.

Which is better to meet ESG goals? Greenfield investments or conversion of existing buildings? Wise people say: it depends. Although a lot of top experts took part in a panel at the first CEE ESG Forum organised by Property Forum and Green Forum in Vienna last November, no clear answer emerged from the discussion.

Duna House published its estimates for December 2024, which show that 10,231 residential properties changed hands in Hungary and HUF 105 billion in contracted housing mortgage loans were realised. The 125,000 housing transactions estimated for the whole of last year represent an annual increase of 18%, while the more than HUF 1,300 billion in loans outstanding represent an annual increase of 123%.

CPIPG has announced a few changes in its top management. Over the past ten years, the composition of CPIPG’s Board of Directors has evolved to meet the expectations of its international stakeholders and the needs of its expanding business. The Vitek Family Trust (VFT), the Group’s majority shareholder, is actively supporting changes leading to enhanced independence.

Žižkov Station Development, founded by the development company Sekyra Group and České dráhy (the Czech railways), has submitted the planned construction of 3,000 apartments in the area of Prague's Žižkov Freight Station for an environmental impact assessment (EIA), reports newstream.cz.

Panattoni has finalized the sale of one of its Silesian investments. Generali Fond Realit (a part of Generali Group) purchased Panattoni Park Zabrze II on behalf of a fund under its management. The price has not been disclosed.

Budex has opened the building housing the headquarters for its companies GoMobil, Roboton and Terms this autumn in Plana near České Budějovice in South Bohemia. The massing of the building combines a hybrid construction with a reinforced concrete core and CLT wooden elements.

PPF Real Estate Holding has agreed to acquire, for an undisclosed amount, Hilton Prague, a landmark hotel in the Czech capital, from Quinn Group Luxembourg Hotels, represented by the Irish Bank Resolution Corporation.