According to the latest report published by Newmark Polska, the Warsaw office market is entering a period of an increased focus on the repurposing and refurbishment of office buildings. As office availability in central Warsaw declined in the first quarter of 2024, occupiers’ interest shifted towards non-central locations. Development activity remained stable but relatively weak, with a significant concentration of new office projects in central zones, which accounted for nearly 90% of the total office stock under construction.

JTRE is strengthening its position as an international developer. It has established a German branch and has announced its first project in the central Berlin location.

Real Estate fund AUP Bratislava, whose only asset is the well-known shopping centre Aupark Bratislava, has reported a return of 23.67% in the euro class since its establishment in 2021.

Kinstellar has advised the hospitality division of the House of Julius Meinl on the completion of the purchase of the Hotel Ambasador, one of the most famous hotels in Bucharest. Operating continuously since 1937, it is an iconic landmark in the city. 

Hercesa Romania has 1,000 apartments under construction and in preparation in two residential projects based in Bucharest.

STC Partners has kicked off the development of the second phase of residential complex Quartier Azuga in Bucharest, with a planned investment of more than €15 million.

What are the challenges of attracting foreign capital in the Czech real estate market? Is the Czech market overpriced? What about yields, are they accurately projected? And last but not least, is the more expensive land always better? Top Czech dealmakers have discussed these topics during the second panel discussion at Prague Property Forum 2024.

Lion’s Head, a joint venture company between AG Capital and Old Mutual Property, signed a contract for acquiring BPD – a logistics and industrial properties investment company. This is the biggest deal in the sector for the last years with an investment of €71.4 million.

GLP has begun construction of a new 67,000 sqm warehouse at Wrocław V Logistics Centre in Magnice, Poland. The building is expected to achieve a BREEAM "Outstanding" level certification.

EPP is taking over the management of nine M1 shopping centres and three Power Parks from Metro Properties Polska. Some of Metro Properties Polska's employees, including local property management teams will join EPP. The company plans to develop the properties through leasing activities and space rearrangements and upgrades.