A Luxembourg court has definitively confirmed the conclusions of the Luxembourg Commission for the Supervision of the Financial Market. As per the verdict, Radovan Vítek's companies had been engaged in manipulation during the takeover of developer Orco, Seznamzpravy.cz reports.

Industrial developer VGP has completed a new warehouse spanning 32,768 sqm in its Timișoara-based park, with more than half of its surface already leased by Continental Tires. 

CTP Clubhaus in Bucharest, for which ADP provided sustainability consulting and certification services, has won the BREEAM Award for the most sustainable non-residential building.

Scott.Weber Workspace is expanding its coworking premises entering new buildings in Prague, Ostrava and Brno and opening 16,500 sqm of new offices for more than 2,000 people.

Costin Nistor, Managing Director of Fortim Trusted Advisors, spoke with Property Forum about the agency’s goal to achieve at least 20% growth in 2024 after launching new business lines and focusing on segments with development potential in the commercial and residential areas.

Real estate investment transactions in the Romanian commercial real estate sector totaled €419 million in H1 2024 and could reach around €700 million by the end of the year, surpassing 2023 levels, according to an analysis by Colliers.

The building use approval of the first stage of the Vydrica district in Bratislava is approaching, and the construction of the Vydrica Offices building is also progressing. The building has already reached its full height.

The permitting process has started for the first urban rental housing projects that PDS (Prague Development Company) is preparing for the capital city. Before the end of June 2024, PDS has submitted complete documentation and applications for building permits or zoning decisions for approximately 450 housing units.

Vectr Realty, a subsidiary of Vectr Holdings, has purchased The Landmark office project in Bucharest from Revetas Capital and affiliates of Cerberus Capital Management for an undisclosed sum.

Edvin Properties is a newcomer to the Slovak real estate market. Its project of Mýtna 37 apartment building in Bratislava's Old Town has received a binding opinion from the capital, rather fast - within six months.