The Office for the Protection of Economic Competition (ÚOHS) has authorized the Czech real estate fund Trigea from the Partners group to buy the owner of the Prague shopping centre Arkády Pankrác, e15.cz reports.

iO Partners has announced the appointment of Charles Boudet as CEO. With this appointment, iO Partners wishes to further accelerate growth and contribute to the transformation of the real estate sector.

CBRE South Eastern Europe (SEE) has advised Diófa Fund Management on acquiring Indotek’s Belgrade office portfolio. 

Yareal Polska has announced the successful closing of a €45 million investment loan, with a term of 5 years, from pbb Deutsche Pfandbriefbank (pbb).

Uncertainty and volatility have been the two dominant trends shaping the commercial real estate market and buyer sentiment in recent months. However, according to the latest report from Cushman & Wakefield, the Polish market, whose fundamentals remain strong, is broadly expected to regain equilibrium. Change is being seen in the number and types of real estate transactions taking place – due to the constrained availability of safe prime assets for sale on the office market and high financing costs, investors seeking higher returns are turning their focus to higher-risk transactions. With retail footfall figures for large schemes back at satisfactory levels after the pandemic and attractive asset pricing, the retail market has become an interesting sector for bargain hunting. The warehouse and logistics sector continues to feature prominently on investors’ radars.

Panattoni has recently launched construction work on the main European production plant for Maxcess in Łubowo near Gniezno and has now been awarded bank financing of around €10 million from Santander for this development.

The second stage of Skanska's project Modřanský cukrovar (Modřanský sugar factory) in Prague is offering 126 apartments in four sections. Currently, 35% of the apartments in the second stage have been sold, reports Newstream.cz.  

CTP is developing a new 71,000 sqm industrial and logistics building at CTPark Žatec in the Czech Republic. A portion of 18,000 sqm has been leased to Fiege, a logistics and transport services provider in Europe.

The Construction Act in Slovakia has been in force for half a century, and this year will probably not be its last either. The new Construction Act, or the Construction Act and Spatial Planning Act, was supposed to enter into force in Slovakia on 1st April 2024. The validity of part of the new legislation will be postponed, reports yimba.sk.

Galeria Karstadt Kaufhof, Germany’s largest department store chain owned by Austrian Sign Group, has initiated its third insolvency procedure in less than four years over financial issues.