Industrial developer CTP has leased around 20,000 sqm at CTPark Belgrade City to Mercata VT, the biggest tobacco and FMCG distributor in Serbia. The company will use the warehouse space as its new distribution centre for the next decade. 

Despite rising operating costs, high inflation, and uncertainties related to events such as the conflict in Ukraine, Central and Eastern European markets continue to be attractive compared to Western Europe. Daniel Bienias, Managing Director in CEE at CBRE, talked to Property Forum about investment trends and the future of the advisory business in the region and beyond.

Industrial developer CTP has achieved the first BREEAM Outstanding certification for BUW 20-21, with an area of over 100,000 sqm, part of CTPark Bucharest West. 

Romanian Fortim Trusted Advisors, a member of BNP Paribas Real Estate Alliance, is expanding into the residential category, with sales & marketing services. 

MLP Gorzów Wielkopolski Park witnessed an official cornerstone-laying ceremony. The new logistics centre by MLP Group will encompass 56.7 thousand sqm of warehouse space, of which 9.2 thousand sqm will be taken up by the initial occupant Sunrise Medical. The project, due for completion in February 2024, is expected to achieve the BREEAM New Construction certification of ‘Excellent’.

Hungarian-owned real estate developer Faedra Group has opened its business and industrial park in the Southern part of the capital. The Faedra22 Park, an urban “last-mile” logistics and office facility is fully leased.

Hungarian-owned B+N Referencia Ltd. has announced the acquisition of Italy-based Sagad. With this move the company has gained new industry knowledge, significant Western European experience and a new customer base.

Inflation across Europe is cooling down but interest rates are still at historical highs. Leading bankers and investment experts discussed at last month's CEE Property Forum 2023 in Vienna how their financing strategies were adapting.

Upvest from Komerční banka Group together with the American real estate firm Lincoln Property Company has bought the Zirkon office centre in Prague 8 from Českomoravská nemovitostní (ČMN). The price of the transaction has not been disclosed.

Industrial developer Panattoni is buying a huge brownfield on the site of the former Barbora Mine from the current owner Asental. The company intends to build a modern industrial park of hundreds of thousands of square metres on the site of the former coal mining site. The price of the transaction has not been disclosed, Seznamzprávy.cz reports.