Despite the general slowdown of investment activity in Europe, properties in Poland remain attractive to both local and foreign investors. Avison Young Poland summarised the current situation in the Polish investment market.

Property investment group NEPI Rockcastle will open its new Promenada Craiova shopping centre this October, following an investment of more than €125 million. The project will include more than 150 stores and will create over 1,500 jobs in the city based in southern Romania. 

Ghelamco has become a member of the Partnership for Climate program initiated by the City of Warsaw.

The developer has launched construction work on Panattoni Park Tricity East III, which on completion will comprise 44,300 sqm, of which 33,600 sqm has already been leased.

Hungarian investment fund Adventum Group has achieved the Excellent rating in accordance with the BREEAM In-Use standard for green buildings certification for its Hermes Business Campus (HBC) office project based in Bucharest.

IWG, the owner of the Regus brand, has secured 1338 sqm of commercial space in the newest large residential complex in Hungary’s rapidly developing regional city, Szeged. Regus Cédrus Liget Offices will offer serviced spaces for smaller and startup companies.

Developer activity in the Prague office market in Q1 2023 was still below the pre-pandemic level. As a result, only about 145,000 sqm of office space is under construction and no new construction has even started in recent months, according to the latest report by the Prague Research Forum, whose members include CBRE, Colliers, Cushman & Wakefield, JLL, Knight Frank and Savills.

Bulgarian malt producer Malteries Soufflet, one of the world's three leading operators in the malt industry and a subsidiary of the European agricultural group InVivo, will invest €56 million in constructing a new malt plant near the city of Pleven.

As part of its large-scale development series, Raben Group has opened its new industrial facility in Dunaharaszti, a rapidly developing logistics destination near Budapest. The total value of the project is approximately €7.5 million.

One of the biggest transactions of the year in the Czech real estate market is about to take place. Negotiations for the sale of the OC Letňany shopping centre are supposedly ongoing in Prague. After six years, the German owner of the shopping centre is considering selling the property, writes HN.cz, as confirmed by two sources from the Central European M&A market.