GTC, a major investor and developer in CEE commercial real estate, has appointed three new members to its Management Board. The new executives, Jacek Bagiński, Mihály Ország, and Botond Rencz, bring extensive experience from the real estate, finance, and advisory sectors. 

The Accor hotel chain has announced the opening of its first international brand hotel in Alba Iulia. The new Mercure hotel is the tenth under this brand in Romania.

The office real estate market in Prague is reflecting the differentiation based on location and building quality, with proximity to the metro remaining a key factor influencing both prices and demand, describes Colliers in its latest analysis of the Prague office real estate market.

Adinel Tudor, CEO of EVO Properties, spoke with Property Forum about the ongoing transformation of the London & Oslo buildings into a multifunctional project following a planned investment of €10 million and the trends in the Bucharest office market.

Although the hotel sector accounted for only 3% of the total investment of €390 million in Romania’s commercial real estate during H1 2025, market indicators point to a possible increase in investments in H2 2025 and 2026, according to CBRE Romania data.

After a costly expansion in Austria, where it has acquired S Immo and Immofinanz, CPI Property Group is shrinking and selling, particularly in Germany and Austria, according to seznamzpravy.cz.

Industrial developer CTP said its gross rental income for H1 2025 reached €367.2 million, marking a 14.4% year-on-year increase, while signing 1 million sqm of new leases, an 11% increase compared to H1 2024.

Bucharest hosts over 50 flexible workspace locations operated by nearly 30 providers, with this niche holding a 2.3% share of the total office stock in the city, similar to Dublin or Prague, according to a report by Colliers.

Shopper Park Plus (SPP) has signed a letter of intent appointing Eston International – the Hungarian partner of Savills – as the exclusive property manager for its Hungarian retail park portfolio from 1 January 2026. The three-year contract will cover 14 grocery-anchored properties with Tesco as the main tenant, adding 200,000 sqm to Eston’s managed portfolio and bringing its total to over 600,000 sqm.

Local developer Global Vision is taking its first step into the Romanian retail market with the development of Oradea Retail Plaza, a commercial project valued at €10 million.