Romanian developer One United Properties has sold Bucharest-based One North Gate, an office building spanning 4,500 sqm with an occupancy rate of 80%, to Element Investiții Imobiliare, owned by domestic investors, in a deal worth €6 million. 

The occupancy of Bucharest hotels increased by 33% in the first quarter compared with the same period of last year, and remains about 5% below the 2019 level, according to a report by Cushman & Wakefield Echinox.

East Capital Real Estate Fund IV signed an agreement with real estate developer Hepsor for the acquisition of a modern last mile and stock office building, StokOfiss U30, located in Riga, with a total lettable area of 3,642 square metres. This is the second of two acquisitions for the fund over the past two weeks.

Romanian developer Iulius has announced plans for a new office building in the Palasi Iași complex. This will be the eight-office building in the complex that will be developed following an investment of around €40 million. 

Czech logistics developer Logport Development has launched a new project in Prague's Jinočany area, at the former Poldi Kladno smelters, one of the largest brownfield sites in the Czech Republic.

The first hostel with sleeping capsules has opened in Sofia. Green Cube is a low-budget hostel, which design follows the model of the unique Japanese lodgings with miniature rooms with individual sleeping capsules. The hostel is located next to the central railway and bus station of Sofia.

CTP has pre-let over 25,400 sqm of logistics space to a German headquartered renewable energy developer, service and energy solutions provider, at CTPark Gdańsk Port, a major new sustainable logistics park that CTP is developing in Gdańsk, Poland.

E-commerce player eMAG has leased 10,000 sqm in Globalworth Square in Bucharest for its new HQ in one of the largest office leasing deals closed in the year to date.  

Maersk and IB Cargo have reached 100,000 sqm of leased warehouse space in CTPark Bucharest West, the industrial park developed by CTP in western Bucharest. 

Lavinia Ioniță Rasmussen, Partner at NNDKP's Real Estate practice, spoke with Property Forum about the increasing investor interest in the renewable energy sector, the outlook for the real estate transaction market in 2023 and the law firm’s performance in the real estate segment.