Romania’s property sector has more liquidity and deals are taking place across sectors, although the country is not in a late stage of price discovery, concluded speakers of the dealmakers panel at the Spring Networking Party 2023, organised by Property Forum earlier this month in Bucharest

The renovation of Liget Center, a Wing development, is about to reach a new milestone: a new building with an all-glass facade will join the existing office buildings – Liget Center Classic and Liget Center Auditorium – in the inner courtyard. Liget Center Vitrum will offer an additional 2200 sqm of leasable area in the city centre.

Lawyers from Gide Warsaw advised B&B Hotels Polska on the opening of the chain's 11th hotel in Poland – B&B Hotel Kielce Centrum.

Romanian developer One United Properties recorded a turnover of €89.3 million in Q1 2023, up 27% compared to the same period of last year, while the net profit more than doubled to €30.8 million in the first quarter over higher residential sales and growing rental income. 

According to Dr Aleš Pustovrh at the EECFA, which conducts research on the construction markets of 8 Eastern European countries, residential construction boom in Slovenia continues and is set to peak this year. Nevertheless, with increasing interest rates on mortgage loans, residential construction will be facing significantly lower demand in the second half of 2023.

The full-scale invasion of Ukraine has led to huge destruction, the volume of construction waste has reached a critical level and continues to increase. Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum.

Panattoni Hungary has officially opened its first logistics centre near Budapest. Panattoni City Dock Törökbálint offers 17,000 sqm of modern industrial space in four buildings. The value of the investment has not been disclosed.  

Mindspace, the flex office provider, has opened its second Polish location, Mindspace Skyliner at Rondo Daszyńskiego in Warsaw. The new location spans 4,400 sqm and comprises private offices, common areas and boutique conference rooms.

In the first quarter of 2023, the total office stock in Bratislava represented 2.02 million sqm. Compared to the previous quarter, the prime rent rose to the level of €17.5/sqm/month, the Bratislava Research Forum reports.

Slovakia´s tallest building, Nivy Tower, has received the Gold Smart Building Certification. It is the first time that this kind of certificate was awarded to a CEE building, HB Reavis announced.