The foundation stone of the second stage of the SO-HO Rezidence by Cresco has been laid in Prague's Holešovice.

Romanian office developer Genesis Property has named Ionel Purice as CEO. He has previously held the position of CEO of Genesis Development, part of the same group. 

New retail projects with a combined leasable area of around 180,000 sqm were completed in Romania during 2024, down by around 15% versus 2023, with retail parks accounting for the biggest share of deliveries, according to Cushman & Wakefield Echinox. 

Walter Herz has launched a new department specialized in the high-end residential segment in Poland, which will be led by Katarzyna Goryszewska as Head of Luxury Residential Agency.

Česká Spořitelna has already revealed its plans to move its headquarters within a few years. Its new campus is being built in Smíchov, Prague. With this planned change, which should take place around 2028, the bank is planning to completely abandon its existing buildings near the Budějovická and Roztyly metro stations. The bank has already put its old buildings on the market, reports e15.cz.

Penta Real Estate and the XPlace platform owned by the Archdiocese of Prague, have decided to continue their cooperation in developing rental housing. XPlace has agreed to acquire two apartment buildings with 62 residential units in the Nová Waltrovka in Prague 5. 

DIY retailer Leroy Merlin has leased around 11,000 sqm for a new store that will open in Iași-based Mall Moldova during H1 2025. 

Polish photovoltaic installation companies Kajima Poland and Hymon have completed the construction of a new solar plant for a facility operated by NGK Ceramics Polska in Dąbrowa Górnicza, southern Poland. 

Mirosław Bednarek, CEO of Matexi Polska has talked to Property Forum about the recent situation in the Polish residential market, the expected revival of the PRS segment and the biggest challenges in 2025.

Develia has purchased a plot of land in central Wrocław, where it plans to develop a student accommodation project with around 600 rooms and two facilities. The property was acquired from a company within the Puro Hotels group for close to €10 million.