In addition to the new acquisition in Brno, YIT is also intensively focusing on Kladno, where it is starting its first-ever regional construction by the end of this year. 

With a total loan amount of €168 million Helaba and Erste Group are financing the acquisition of the prime office tower Warsaw UNIT for the Swedish real estate company Eastnine AB. The loan term is for five years and Helaba is acting as co-arranger and agent for the transaction.

Panattoni and E.G.O., one of the suppliers of components for domestic appliance manufacturers, are starting the construction of a new production facility in Łódź. The investment is valued at over PLN 100 million (ca. €23 million).

Echo Investment has signed a conditional sale agreement for React, the office building located at 24 Piłsudskiego in Łódź. Upon completion of the deal, React will be acquired by Summus Capital, an Estonian-based investment company. The transaction is valued at €32.5 million.

Romanian developer Forty Management plans to raise up to €5 million from a bond sale in a bid to finance its international projects.

The demand for industrial space has been still below the five-year average in the third quarter of this year, published Colliers in its regular quarterly industrial real estate market report. However, the first signs of market recovery have appeared and the number of concluded contracts has grown slightly. 

EPG Group is opening a new part of the Varyáda shopping centre in the Karlovy Vary region on November 29 and 30. This extension is the first phase of the Varyáda renovation, due to be completed before Christmas 2025.

Property Forum is excited to announce the first edition of its annual listing of the 100 most influential people in the CEE real estate market. To access the publication, fill out the pop-up window that shows up when opening any Property Forum news story. 

CEE property investment volumes hit €5.0 billion in the first three quarters of 2024, up 24% year-on-year, according to a Colliers report.

The disposable income gap between CEE economies, which are enjoying solid economic expansion, and stagnating Western European countries is narrowing fast. This is buoying consumer spending in markets like Poland and Romania and attracting international and regional retailers to large modern shopping centres that dominate the CEE’s shopping and experience landscapes, while also offering higher margins and lower costs, NEPI Rockcastle’s latest research concludes.