Evo Properties, the owner of London & Oslo office buildings in Western Bucharest, has reached a 50% lease rate this year and aims to reach an occupancy rate of 85% by the end of 2025. At the same time, it continues to transform the project into a mixed-use hub that will include a premium hotel.

Speedwell Development has obtained the construction permits for the first 50 luxury villas in a new residential project in Corbeanca, near Bucharest, where it plans to invest €94 million.

Excellent transportation connectivity via the D1 highway has attracted a significant investment to Přerov, Czech Republic. RC EUROPE will build a modern industrial park that will create thousands of new jobs and strengthen the regional economy. This will make Přerov an attractive location for investors.

Romanian property developer Prima Development Group has obtained the construction authorization for a new residential complex with 491 apartments in the western part of Bucharest.

Construction authorities in the Czech Republic are again allowed to use the construction management systems, which have been applicable until July 1 2024, reports E15.cz. Since then the completely new system has been in practice and proved rather troublesome bringing complaints from all sides.

German developer Garbe Industrial Real Estate has set up a new company in Romania. Under the leadership of CEE Managing Director Martin Polák and Country Head Andrei Jerca, GARBE Industrial Real Estate Romania will expand its activities in this market and implement its own property developments. 

The European Bank for Reconstruction and Development has issued a €100 million loan to the Polish subsidiaries of Vantage Development, a residential-for-rent developer and operator, ultimately owned by Germany’s TAG Immobilien.

CTP has signed a lease with Czech company BOUKAL for almost 3,500 sqm of modern space at CTPark Chomutov in the Czech Republic, with plans to create dozens of new jobs and strengthen the regional economy.  

For the first time in almost thirty years of Czech development group Crestyl, the person in the position of international CEO is changing. Simon Johnson, who has held the position of COO of the group for the past 14 years within Crestyl and also acted as executive director for the Czech Republic, is taking over the management of the entire group.

DHL Supply Chain announced the opening of its first warehouse in Poland equipped with a fully automated AutoStore system. This robotised warehouse in Gorzów Wielkopolski marks the first deployment of the AutoStore system by the company in the CEE region.