Bulgaria, with its growing economy and increasing consumer spending, has witnessed a recent surge in the construction of retail parks across the country. A total of 13 projects are under active construction and another 9 are at different stages of planning. The outlook for the retail park market in Bulgaria over the next year is positive, according to the latest report by Colliers.

Panattoni has completed the construction of the sixth building in the K-FLEX production and storage centre in Uniejów and together with the client has held the formal opening ceremony. With the newly completed 33,000 sqm of warehouse space, the complex in Uniejów now comprises more than 100,000 sqm

Hungarian property developer and investor Indotek Group has appointed Tamás Simon as the new Sales and Leasing Director. He will be responsible for leasing spaces in offices, warehouses and logistics centres managed by the Group. He will continue to oversee the leasing activities of the retail centres owned by Indotek. 

Although not long ago the PRS market seemed to be the obvious choice, thanks to the sudden improvement in economic conditions and the optimism of buyers, the construction of apartments for sale in Poland is today a more profitable solution - this is the main conclusion of a panel discussion at Living Investment Forum 2023, an event organized by Property Forum in Warsaw in May.

The Supervisory Board of CA Immo has decided on the reclassification of Hungary to strategically non-core, and simultaneously authorised the Management Board to initiate all relevant activities related to exiting the market, either through platform sale, sub-portfolio sale, or individual asset sales. The company wants to concentrate on its core portfolio, located predominantly in Austria and Germany. Last autumn the firm abandoned another CEE market, Romania.

The Le Meridian brand will offer 102 rooms and is scheduled to be open in 2025, telex. hu reports. This will be Marriott's first Hungarian hotel outside Budapest.

Neinver and Nuveen Real Estate have successfully raised around €170 million in debt financing for the Polish portfolio of Neptune, a joint venture between Neinver and TIAA.

By being integrated with the Catella Group, Catella Poland broadens its offering in supporting investment strategies of Polish and International clients.

Develia has signed a preliminary agreement to acquire 100% of shares in Polish subsidiaries of Nexity, a French real estate development company. The price set in the preliminary agreement amounts to €100 million (approx. PLN 453 million). Develia will increase the number of units under construction by approx. 1,400 and will expand the land bank by approx. 2,200 units in Warsaw, Kraków and Poznań.

Cavatina Group S.A. has established a company that will be responsible for the construction and management of a portfolio of PRS projects located in the largest cities of Poland. Alongside Cavare S.A., the group includes Cavatina Holding S.A., a publicly traded company and one of the largest office developers in Poland, Resi Capital S.A., focusing on the residential sector, and CTank S.A., the entity responsible for land acquisition and comprehensive project preparation for the Group and external investors.