Asking prices for homes in Romania fell on average by 0.6% in April compared to the previous month to €1,425 per sqm, according to data from Imobiliare.ro. 

Dairy company FrieslandCampina has started operations on the 4,500 sqm logistics space based in industrial park Mureș City Logistics jointly developed by Global Vision and Globalworth. 

Property Forum is happy to announce the third edition of its annual listing of the 50 most influential people on the Romanian market. To access the publication, click here.

The new five-star Minaro Hotel MGallery offers 100 rooms in the world-famous wine region of Tokaj. This is Accor's first luxury hotel in Hungary outside Budapest.

Marriott International has signed an agreement with Forestay Group to debut the Moxy Hotels brand in Budapest. Construction is predicted to begin this autumn, with the opening expected in 2025.

Penta Real Estate is finishing the construction of the new Motel One hotel in the centre of Prague near Masaryk railway station. According to the development company, the total investment in the hotel, which will be part of the Cloud One Line chain, came to CZK 1.2 billion (€51.2 million) over six years of preparation and construction. The hotel is scheduled to open in the spring of 2024.

Mercedes-Benz has inaugurated the Silver Star complex on 52 Chelopeshko Shose, just outside of Sofia, Bulgaria. The complex is located in an area of 65,000 sqm, on two floors, and offers all sales and after-sales services for cars, trucks, vans, and buses.

In the first quarter of 2023, developers focused on regional markets in Poland. Kraków, Wrocław, and Tri-City have been enriched with new office spaces. Meanwhile, no new office buildings were built in Warsaw. Current interest from tenants remains at a fairly high level. Demand recorded in Q1 2023 was distributed proportionally to the Warsaw market and regional cities. Tenants attach importance to ESG issues and the comfort of working from the office for their employees. The challenge facing the office sector is rising service charges. AXI IMMO presents data summarizing Q1 2023 on the office market.

Total transaction volume in the first quarter in Belgrade was €537 million, which represents a decrease of around 5 % compared to the overall amount of €563 million which was registered in the first quarter of 2022, but the overall amount spent is still extremely high, real estate agency Cordon reports.

Revetas Group announces a new strategic partnership with Edgar Rosenmayr, who joined the Revetas team as Senior Advisor. He will bring strategic support for Revetas with ongoing fundraising and transaction advice and will work closely with Senior Management and the Investment Management team.