JLL's forecast for Q3 2024 new flat sales in major markets in Poland has proven accurate, with most cities experiencing a downturn compared to Q2 2024. The number of transactions across the six main markets reached approximately 9,200 units, marking a 6.9% quarter-over-quarter decline. This slowdown was mirrored in new supply, with only 12,600 units launched for sale across these markets. JLL experts provide a comprehensive overview of the residential market conditions in Q3 2024.

Hils Development, the real estate group owned by Romanian entrepreneur Ionuț Negoiță, has purchased two land plots spanning 12 ha in western Bucharest. 

Shoe retailer Deichmann has leased 20,000 sqm in the industrial project ELI Park Bucharest, in a move designed to consolidate its regional distribution operations.

Krzysztof Trembowski, Senior Project Director at cmT Group has talked to Property Forum about the demand for BTS projects, the rapid development of energy-saving technologies and rising reliance on the prefabricated elements.

Atenor has started to implement a rebranding of its Budapest-based office complex Olympia, formerly known as Aréna Business Campus, in a bid to accommodate new workplace trends, such as remote work and hybrid schedules.

Forestay Group has hosted a traditional groundbreaking ceremony for its latest development, the Marriott Moxy Budapest, which will be the first hotel under this brand in Hungary. 

Panattoni has launched the development of a new BTS centre in Żary for Valmet Automotive. Construction work on the project began in September 2024 to extend an existing production plant by an additional 8,800 sqm.

Big CEE, a subsidiary of Big Shopping Centers, has purchased Promenada shopping mall in Novi Sad from Nepi Rockcastle for €177 million, in a record transaction for the Serbian retail market. 

Mitiska REIM has announced the opening of a new retail park in Pitești, the first of four new retail projects that the investor plans to open in Romania in the next two years. 

Panattoni has finalized the sale of City Logistics Warsaw IV, a 39,000-square-meter logistics complex located in Warsaw. The buyer is an international entity specializing in real estate investments. The transaction is valued at €53.5 million.