Romanian developer Redport Capital will start this fall the construction of the third phase of The Level Apartments complex in northern Bucharest. The company says it has already pre-sold 40% of the apartments in the new phase that will be completed following an €12 million investment. 

Radisson Hotel Group was selected to be the operator of the hotel component in the Central District Lagoon City, developed in Bucharest by Forty Management. The Radisson Lagoon Hotel Bucharest is planned as the first of several such branded co-operations across the globe. 

SES is refurbishing the King Cross shopping centre in Zagreb, Croatia which it has owned and managed since 2018. Construction work to completely refurbish the centre will begin in 2024 following an investment of approximately €40 million. Completion is scheduled for autumn 2025.

Marcin Malka, President of the Management Board of Real Management talked to Property Forum about competing with bigger players, the situation on the investment market in Poland and the lack of plots for new projects.

České dráhy (ČD) sold the remaining part of the land at the Smíchov railway station in Prague for just under CZK 2 billion (€82 million). Over 126,000 sqm of land will be bought by the Sekyra Group. According to the Czech news agency (ČTK) Czech Railways said that it had received a total of CZK 2.4 billion (almost €98.6 million) for the Smíchov land. A new district of Smíchov City is to be built on the land.

Shape Corp. started production in a new 36,400 sqm hall in Pilsen. The industrial complex, built by Panattoni, was created on the brownfield site of the coal mines. Shape Corp. moved here from the Borská pole site to expand its production capacity. Up to 700 employees will work in the new facility. 

State-owned Czech Post (Česká pošta) has sold three unneeded properties in Prague's Krč district in an electronic auction. Together they will fetch almost CZK 400 million (€16.4 million). The winner must pay the price within 30 days, writes E15.cz.

GLP announced that Mastermedia, a leader in Polish food exports, has expanded its lease at GLP Poznań Airport Logistics Centre by an additional 11,840 sqm. As a result, Mastermedia has become the largest tenant at the logistics park, where it will now occupy a total of 28,775 sqm.

Hungarian developer Defactoring Zrt. has announced the start of the construction of the next phase of the logistics project in Biatorbágy in the suburbs of Budapest. The handover is scheduled for next summer.

The interest rate side will be a definitive factor for investments going forward, while investors that have a strong equity base will have more opportunities to snap projects next year, concluded speakers in the opening panel of CEE Property Forum 2023, held in Vienna.