Nepi Rockcastle is in negotiations to acquire Magnolia Park, a shopping centre located in Wroclaw, Poland from Union Investment Real Estate. The property features 100,000 sqm GLA. The potential acquisition remains subject to the execution of formal written agreements, which is expected to occur in the coming weeks.

CTP has started construction of the Barracks Zátiší project in Pilsen, Czech Republic. The site with a rich industrial history is undergoing a complete revitalisation. The new CTWorkshop concept is also part of this project.

Poland has seen one of the fastest residential rental growth rates in the European Union in the last five years, with rental inflation in major cities rising to double-digit levels. This growth was largely driven by elevated financing costs, inflation and the migration of people to Polish cities. Average rents for a 1-bedroom flat in Warsaw are higher than in Prague, Vienna and Bratislava, but still well below those in London, Zurich or Dublin, says Cushman & Wakefield in its latest report.

Germany's Garbe group, specialised in industrial investment, is looking to start operations in Romania and develop its first local projects. 

Contract renewals accounted for approximately 50% of office transactions in Bucharest during H1 2024, while the total demand fell to around 160,000 sqm, according to a Colliers report. 

Romanian developer Iulius is investing €40 million in the expansion of Iulius Mall Suceava that will increase the leasable area of the project to 60,000 sqm.

Hungarian developer Infogroup has announced its rebranding as Innovinia as of September 16, as part of its strategy to expand abroad.

Colliers has named Kevin Turpin as the Key Account Management (KAM) Lead for investor clients in the EMEA region. 

For law firms, the office provides a work environment for legal teams but also serves as something of a showpiece in client and business partner relationships. In an era of changing work models, the evolving role of the office and the growing trend toward space optimisation in some sectors driven by rising costs, Cushman & Wakefield take a closer look at the legal sector’s needs and location decisions.

Prologis has promoted Pavla Procházková to a new leadership role on a European scale as Vice President, Real Estate and Customer Experience Lead for Europe.