The Bulgarian residential market was growing at a slower pace in the first quarter of 2023, compared to the same period last year. On an annual basis, the increase was 9.5%, and 1.6% on a monthly basis. The data is part of the annual House Market Index by Eurostat on residential property prices and rents in the European Union.

Opus Land and Mark Twain International School have signed a partnership for the construction of a private educational campus within the Cosmopolis residential complex based in the northern region of Bucharest. 

CTP has appointed Peter Čerešník as COO. In his new position, he will oversee the company’s construction GLA and occupancy targets, developing CTP’s energy business into a reliable revenue stream and further progressing the areas of procurement, business development and HR strategy. 

Bratislava's socialist hotel will be transformed into a multifunctional building with office space and apartments. Its redevelopment is now planned by the developer Imoba fin, writes the Slovak daily Hospodárské noviny. However, further details regarding the price and timetable have not yet been revealed.

Since the second half of 2022, Savills has seen an increase in demand from manufacturing companies for modern warehouse space in the Czech Republic, accounting for 57% of the total space leased in the first quarter of 2023. One of the reasons why demand from this sector is growing is "nearshoring", i.e., the shift of production from Asia back to Europe. During Covid-19, demand was significantly driven by the e-commerce sector, which at its peak in Q3 2021, accounted for up to 62%. However, over the last three quarters, e-commerce activity has declined significantly and, as of Q1 2023, is now at 6%. Given uncertain energy supply and costs, and thanks to government support of renewable energy, demand from this sector is also growing significantly.

Attila Beer, Country Manager of Alukönigstahl Romania, spoke with Property Forum about the segments that will generate growth for the company, the price outlook on the commodities’ markets and Alukönigstahl’s solutions that can help companies in implementing their sustainability strategies.

HIH Invest Real Estate has appointed real estate advisory firm Savills as the sole letting agent for vacant office space in Sagittarius Business House, located in Wrocław, Poland.

Panattoni has already delivered almost 170,000 sqm of industrial space around Zielona Góra in three different parks. Space has now been rented by ECE Logistics in one of these projects within the administrative capital of the Lubuski region. The company is to use the centre to run logistics operations for an e-commerce client from where it is to serve markets in Central and Western Europe. The tenant was represented by real estate consultancy BNP Paribas Real Estate.

Urbanity Campus Tachov, located west of Plzeň, became the first industrial complex in the Czech Republic to receive an international BREEAM Communities certification. It has now completed the three-year certification process with the final rating of “Excellent”. The construction of the second phase of the project is now launching, which will offer 55,000 sqm of leasable space.

Andrzej Oślizło, CEO of Develia talked to Property Forum about the recent acquisition of the Polish portfolio of the French development group Nexity, the current situation in the residential market and plans for investments in the PRS segment.