AFI Europe and FINEP have announced the conclusion of a long-term framework agreement on cooperation in the development of rental housing in Prague. The move is based on their previous collaboration in this area. 

Kristýna Milovanović has been appointed Associate and the Head of Retail Tenant Representation at Cushman & Wakefield. In this role, she is going to be responsible for providing strategic advice to clients entering the Czech market and expanding their presence.

A few weeks are left until the opening of the first stage of the new Vydrica district in Bratislava's centre developed by Lucron together with Vydrica. More than two hundred apartments and 19 retail units of 3,148 sqm are expected to receive approval for building use every day.

Romanian developer Alsin Management said it will invest €20 million in the second phase of its residential project First Estates Pipera, with the completion date set for the spring of 2025. 

With the first interest rate cuts in the Eurozone in a long time, optimism has also returned to the banking sector, as the participants of the banker panel at the CEE Property Financing Update 2024 conference unanimously concluded. However, it is limited by factors such as the uncertain political situation in the United States or the EU taxonomy, through which many older buildings may become troubled assets for their owners. The event, held at the end of September in Warsaw, was organised by Property Forum and law firm CMS.

Hungarian developer Biggeorge Property has extended its existing portfolio with an international residential property development division (Biggeorge Homes International) in Q4 2024, and brought aboard three new leaders to successfully implement its European expansion plans. Founder and CEO Tibor Nagygyörgy welcomes János Martin CEO, Zinaida Onczay-Vojnár International Business Development Director and Gábor Bakonyi-Kiss International Investment Manager in the group’s leadership. 

Gestor, a Hungarian private real estate investment and asset management company has acquired the Portal Mediterraneo retail park in Spain from Mitiska REIM. Savills acted as an intermediary in the successful transaction. 

The construction of Przystanek Karkonosze, which is being developed in Miłków on the outskirts of Karpacz (southern Poland), has started. Redkom Development, which is developing the facility, has announced that the complex will be delivered in Q2/Q3 2025

Bogdan Papandopol, Partner and Head of Dentons’ Global Real Estate Group in Bucharest, talked to Property Forum about the growing investments in green property projects and the reduction of lease terms in the commercial sector. 

Galardia Shopping Center in Starachowice (Central Poland), developed from a greenfield by Stage Capital and Sierra Balmain, has a new owner – Future Estate. The agreement finalizing the transaction was signed on September 26, 2024. Avison Young's investment team represented the seller as the exclusive sales agent. The price has not been disclosed.