In the foreseeable future, the centre of Bratislava should expand to the right bank of the Danube River. The key project, Nové Lido by J&T Real Estate, entered the first part of permitting, informs Yimba.sk.

Nová Merina in Trenčín is a project that has brought together the original investor Occam Real Estate and the city in the development efforts. Now a new investor, WOOD & Company, is entering the project.

Lifestyle and leisure hospitality company Ennismore announced the signing of SO/ Budapest, the brand’s first destination in Hungary. SO/ Budapest will open in 2026, following extensive refurbishment of both the exterior and interior of the building.

The value of construction works launched in three months rose in Q1 2024, Activity-Start hasn’t been so high in the last six quarters. EBI Construction Activity Report Q1 2024 measured the total value of started construction works at HUF 807 billion. Looking at the period between 2018 and 2023, there were very only five quarters when Activity-Start surpassed this number. At constant prices, Q1 2024 was also considered good when looking at the period since June 2022. Nevertheless, when compared to the period between 2018 and H1 2022, it fell into the lower range.

The international developer UDI Group has opened a fund of qualified investors. It is intended for private and institutional investors. In addition to funds or banks, large private investors can also invest in the fund. The lowest possible deposit is CZK 1 million (€40,000). In the future, the fund will also include sub-funds aimed at financing individual large projects. In the first phase, the General sub-fund is opened, which will invest in the UDI Group as a whole, and the Conservative sub-fund invests in loans for individual projects. To investors, the fund will offer appreciation in a more conservative form with a guarantee of a minimum return of 6.5% per year, with a premium return of around 15% per year expected. The status and statutes of the fund were checked and approved by the CNB.

The company Záhradnícka Property s.r.o., which belongs to the Austrian banking group Raiffeisen, has received a zoning decision for its project Záhradnícka – Bajkalská in Bratislava, reports ASB.sk.

Polish group Scallier has sold its retail project Funshop Park Turda in Turda to BT Property Alternative Investment Fund for an undisclosed amount.

Companies leased 91,000 sqm of office spaces in Bucharest in Q1, up by 63% compared to the same period of last year, according to a Cushman & Wakefield Echinox report.

On May 1st, Sierra Balmain assumed management of the Power Park Opole shopping centre. The company will be responsible for both technical and commercial property management.

JLL Polska has been appointed as the exclusive agent to represent the Europlex office building. This multifunctional building, located on the borders of Warsaw’s Śródmieście and Mokotów districts, offers nearly 20,000 sqm of office space for lease.