The construction of the seven-storey Roztyly Plaza office building in Prague 11 has reached its final stage. Passerinvest is finishing its cladding, internal installations and landscaping. It is expected to be completed in early 2024.

With interest rates forecasted to decrease across Europe in 2024, real estate investment activity is set to increase in Romania as well as in other countries in the region. Andrei Văcaru, Head of Capital Markets CEE at iO Partners talked to Property Forum about the movers and shakers of the Romanian investment market.

Trei Real Estate has just presented its mid-year financials for 2023. Despite a difficult market environment for developers, Trei continues its developments of residential real estate in Germany, Poland and the United States as well as of retail real estate in Poland. The development pipeline amounted to a total value of €1.9 billion by 30 June 2022, which represents a drop of c. €100 million since 31 December 2022. The decline is essentially explained by the completion of three retail parks in Poland as well as by the completion and the highly successful sale of the “Atlantic Beach House” residential project in Charleston/South Carolina, whose disposal generated around 35 per cent IRR for Trei. Out of the total development pipeline of €1.9 billion, the residential use class accounts for €1.7 billion while retail developments in Poland account for €200 million.

Panattoni has developed a BTS centre for the Tenneco Group in Gliwice. The European Engineering Centre is to serve the company as a research and development centre for new technologies and Monroe products including conventional drive control systems (Monroe OE Solutions) and advanced suspension systems (Monroe Intelligent Suspension). Around 240 engineers are to work in the new 10,000 sqm centre to support both the leading automotive manufacturers and the other manufacturing centres of the Group.

Synapsis Property Ventures, a boutique investment company that makes private investments in development projects in Slovakia, bought two real estate projects in Bratislava last year. They are Hotel Campus near Železná studienky and Knižkova family houses in the Rača district. The current total amount of the company's private equity investments is approximately €12 million, Synapsis announced. 

CTP is hosting its 2023 Capital Markets Day in Brno, Czech Republic, followed by asset tours visiting CTParks in the Czech Republic, Poland, Austria, Slovakia, and Hungary. The company also announced FY-2024 guidance and reaffirmed that it's on track to reach 20 million sqm of GLA before the end of the decade

While net industrial take-up is down compared to 12-18 months ago, we are seeing a large uptick in enquiries across CEE for strategic production spaces across the automotive, pharmaceuticals, and electric vehicle battery production sectors. James Fitzgerald, Director, Head of Industrial Agency at iO Partners Czechia talked to Property Forum about the main drivers of the CEE industrial market.

Globalworth has recorded a net operating income of €73.7 million in the first half of 2023, up by 5.6% compared to the same period of last year, while the development pipeline includes industrial projects in Romania and the refurbishment of mixed-use projects in Poland. 

Alto Real Estate has just unveiled an international architectural and urban design competition. This competition is aimed at developing an area in the emerging heart of Bratislava. Both local and international architects now have an opportunity to contribute to the development of a site close to the Sky Park by Zaha Hadid, which has come to symbolize modern Bratislava.

Partners Group and Peakside Capital Advisors have completed the purchase of 5 ha plot on Kinetyczna Street in Okęcie, Warsaw. This exceptional last-mile location, situated in close proximity to the Chopin Airport and at the intersection between Warsaw’s Southern Ring Road and the S79 exit road, has been earmarked for a sustainable warehouse development dedicated to urban logistics. The transaction was made by the existing joint venture between both parties.