The first Mondrian Hotel in Bucharest will be opened by Ennismore in central Bucharest following a deal with Romanian developer One United Properties.

Industrial developer CTP has achieved its full allocation of €4.25 billion in green bonds to support its portfolio of sustainable business parks. The funding was raised from eight green bond issuances from October 2020 to January 2022.

Accolade Group continues its international expansion. The Group recently expanded its portfolio with Croatia, its seventh European country. North of the city of Zagreb, Accolade has obtained a building permit for its first industrial hall of approximately 50,000 sqm. In parallel with this project, the group is working on other sites in the Balkans.

Higher construction costs and the unfavourable economic situation in Europe are impacting the future development of new offices in the region, especially in capital cities like Prague, Bratislava, Budapest and Bucharest.

Panattoni has completed a three-building complex in Radzymin for Poczta Polska. The development is to play a key role in the implementation of one of the operator’s strategic initiatives, its Logistics Network Architecture (LNA) project. Within the 50,000 sqm logistics centre is to operate a sorter capable of handling over 15,000 packages an hour.

pbb Deutsche Pfandbriefbank has provided a €113 million investment loan facility to CTP, which will be drawn down in phases. CTP will utilise the proceeds for the refinancing of a logistics portfolio in the Czech Republic. pbb acted as arranger and sole lender under the facility.

A new Mercure hotel comprising 121 rooms has opened in Sibiu, which will operate under a 10-year management contract between Accor and local investor Compa Sibiu.

Romanian investment company Meta Estate Trust has entered into a partnership for the development of a premium boutique residential project in Bucharest. The company will invest €1.4 million in the project comprising 21 apartments that will be completed within the next 12 months.

Studio A - Skanska’s latest investment in Warsaw - will contribute 26,600 sqm of office space to the local office market. The building is scheduled to be commissioned in 2025.

Cushman & Wakefield has released a new report on the student housing market in Poland. Supply of public and private halls of residence fails to keep pace with growing demand. In addition, halls of residence remain very popular among students in Poland despite rising rental rates, which in turn is making the PBSA (Purpose-Built Student Accommodation) sector attractive to international investors.