Private equity fund Greenstone has acquired an almost 80% stake in a special purpose vehicle owning the Format office building in Gdańsk. The vendor was Torus, which was advised during the transaction process by global real estate services firm Cushman & Wakefield and law firm Greenberg Traurig. The buyer was advised by LegalKraft and Trebbi. The price has not been disclosed.

Lucron has received a building permit for the new Rakyta family housing project in Bratislava's Devínska Nová Ves. In partnership with Across Group, it is now beginning with the construction.

Garbe Industrial Real Estate CEE has completed the sale of Garbe Green Park Piešt'any in Slovakia. The nearly 28,000 sqm industrial park is fully leased. The buyer is Patria investiční společnost, a.s., part of ČSOB. 

The development of a new industrial building with a leasable area of 27,500 sqm has kicked off at BHM Industrial Park Belgrade (IPB), with completion expected by the end of 2024.

The industrial sector in Romania is recording a slowdown in Q1 2024, with the same trend being recorded across Central and Eastern Europe (CEE) markets, according to a iO Partners analysis.

Bulgaria is recording a slowdown of EU funds’ absorption, which could limit new investments in infrastructure and the energy efficiency of the building stock, according to research by the Eastern European Construction Forecasting Association (EECFA).

CPIPG has published unaudited financial results for the three months ending 31 March 2024. Total assets have reached €21.5 billion, and CPIPG’s property portfolio is equal to €19.2 billion (versus €19.5 billion at year-end 2023).

Industrial developer CTP has named Ionuț Puiu as Construction Director as part of the company’s strategy to expand its portfolio in Romania.

CBRE has appointed Verka Petkova-Shekerova as Country Head for the Bulgarian market within its Southeast Europe (SEE) office. She is replacing Sladjana Popović, who will continue to lead ESG & Sustainability services department for the region.

S&P Global Ratings has downgraded CPIPG’s rating from BBB- to BB+ with a negative outlook. CPIPG has communicated an update for its stakeholders concerning recent events and news.