BO! holding, a group of companies focusing on real estate, investment and development activities, has agreed with Martin Zaremba, the owner of Sting Real Estate Agency and Sting Finance, to purchase 100% of RK Sting and Sting Finance shares. This will create one of the largest real estate agencies in the Czech market. The price of the transaction was not disclosed. 

Most retailers want to attract customers in-store through omnichannel, while e-commerce is not meeting the expectations of food retailers, concluded speakers in the rediscovering retail panel of CEE Property Forum 2023, held in Vienna last month.

Pavăl Holding has appointed CBRE as manager of its U-Center 1 office building. The manager will oversee all aspects of the property in relation to tenants, subcontractors, and authorities.

New office lease and renegotiation agreements were signed for 158,923 sqm during Q3 2023, up 36% compared to the previous quarter on the Bucharest market, according to data from Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

Retail developer Scallier has attracted Stay Fit Gym as tenant in its retail parks based in Romania. As part of the agreement covering 6,256 sqm, six fitness clubs under the Stay Fit brand will be opened in the retail projects operated by Scallier. The first retail park is slated to open in a retail park in Moșnița in the upcoming months.

Investors' interest in the construction of retail parks in Serbia has not been declining for several years now. Investors are mostly focused on building new facilities in secondary and tertiary locations. As much as 14% of the total offer of retail parks in Serbia is located in the region of central Serbia. The Šumadija region is attracting more and more attention, so the company Peštan announced the opening of a new retail park in 2025 - Arandjelovac Retail Park. 

According to three independent sources of the daily e15, Microsoft will likely cancel its plans to build a data centre in Prague. "There is still some small hope, but it is more like wishful thinking on the part of the managers of Microsoft's domestic branch," one of the sources, who did not want to be named, described the project.

Is the hotel market in CEE coming back strongly? According to the participants of a panel discussion at the CEE Property Forum 2023, the answer is „definitely yes”. The event took place at the end of September in Vienna.

Negotiations with Indotek Group have resulted in the sale of 100% of the Hungarian activities of Nhood Services and Ceetrus Hungary to the Hungarian investment group, Nhood Hungary announced. It also confirmed that with this transaction Indotek has acquired a 47% stake in Auchan's Hungarian retail operations. Auchan has an extensive Hungarian network of 19 hypermarkets, 5 supermarkets, and 18 petrol stations.

In Q3 2023, the Greater Budapest speculative stock increased by 140,730 sqm, adding five buildings to the stock. Five new buildings were also handed over in regional cities adding another 92,610 sqm to the stock there. The vacancy rate at the end of Q3 2023 was 10.0% in Greater Budapest, an increase of 140 basis points quarter-on-quarter and an increase of 510 basis points year-on-year, the Budapest Research Forum (BRF) reports.