Romanian developer Forty Management has purchased a land plot spanning 12 ha in Bormujos, a suburb of Seville, for a new urban regeneration project under the Lagoon City brand.

Penta Real Estate and Komerční Banka have agreed on financing the construction of the residential project Mocca Residence. The credit is corresponding to the costs to be invested in the project by Penta. 

The European Bank for Reconstruction and Development (EBRD) has approved its real estate sector strategy for the 2025-2029 period that focuses on green and inclusive growth leveraging megatrends like digitalisation and innovation. 

Immofinanz will be rebranded as CPI Europe following a proposal forwarded by the group’s majority shareholder CPI Property Group that was passed in a meeting of shareholders. 

Passerinvest has been optimising the management and operation of its buildings, this time focusing on waste management. Since October last year, the company has introduced changes in the organisation of waste collection. This step aims to increase the efficiency of waste management, minimise the traffic burden and ensure accurate data for recording the total amount of waste. 

The Czech office market is facing historically low supply, especially in premium locations where new office construction has slowed down significantly. CTP is responding to these needs through its Clubco network of coworking centres. 

The foundation stone of the second stage of the SO-HO Rezidence by Cresco has been laid in Prague's Holešovice.

Romanian office developer Genesis Property has named Ionel Purice as CEO. He has previously held the position of CEO of Genesis Development, part of the same group. 

New retail projects with a combined leasable area of around 180,000 sqm were completed in Romania during 2024, down by around 15% versus 2023, with retail parks accounting for the biggest share of deliveries, according to Cushman & Wakefield Echinox. 

Walter Herz has launched a new department specialized in the high-end residential segment in Poland, which will be led by Katarzyna Goryszewska as Head of Luxury Residential Agency.