Mitiska REIM has announced the sale of a 6.7ha land plot in Gliwice (Silesia, Poland) to Momentum Leisure to develop a theme and water park at Europa Centralna retail centrre The price has not been disclosed. 

As development activity has slowed down, the focus is shifting to managing the existing stock across the whole commercial real estate market. Owners and other stakeholders have to adapt rapidly to serve changing demand from occupiers, said Benjamin Perez Ellischewitz MRICS, Principal at Avison Young in Hungary, while answering Property Forum’s questions at Mipim in Cannes.

Penta has announced its plans to open the first-ever fund for qualified investors. Legal and administrative actions leading to its establishment are currently underway, and details of the structure and functioning of the fund are going to be announced in the second half of this year.

For 10 years, developer JTRE has been planning a project for Nové Lido on the Danube’s right bank in Bratislava. This new urban district is foreseen to rejuvenate the area between Old Bridge and Apollo Bridge in Petržalka.

Office leasing in Bucharest reached 97,400 sqm in Q1 2024, up 71% compared to the same period of last year, while take-up transactions that cover relocations and new demand were flat year-on-year at 33,000 sqm, according to a CBRE report.

Fashion House Group will deliver in late June the second phase of its outlet centre in the Pallady area, eastern Bucharest, following an investment of €45 million.

The Board of Directors of REICO IS ČS is now complete again. The company decided to rely on internal resources.

YIT's Happi Milánská project in Horní Měcholupy in Prague 15 has been approved for use by authorities. The company built the project using a system of prefabricated concrete elements.

The company recorded a 19% increase in NOI to €423 million (2022: €357 million), attributed to portfolio expansion and increasing rent levels. On a like-for-like basis, NOI rose by 6%, driven by lease indexation and strong re-leasing spreads, with new effective rents averaging 23% higher when compared to prior leases on the same space. An enhanced EBITDA margin of 83% was achieved, reflecting the company’s strategic focus on growth, efficient re-leasing, and operational efficiency.

Tomasz Dąbrowski has been promoted to the position of Managing Director of Zeitgeist Asset Management in Poland. As of 1 April, he is responsible for the development of PRS products and the implementation of multi-phase mixed-use projects.