According to a report published by Newmark Polska, occupier activity in Poland’s regional city office markets remains stable, but tenants are increasingly shifting their focus towards making efficient use of office space and looking for better quality offices.

Bulgaria is witnessing a continuous decline in residential real estate transactions for the fourth consecutive quarter. According to data from the Registry Agency, property purchases across the country have decreased by 15% during Q2 2023, reaching  54,371 transactions in total.

Industrial developer WDP has become the owner of a warehouse in Mioveni, near Pitești, following a sale-and-lease-back deal with SFC Solutions Automotive Romania, a producer of rubber profiles for the automotive sector.  

Adi Steiner, Managing Partner of STC Partners spoke to Property Forum about the developer’s new residential project in Bucharest and new investment opportunities being explored nationwide, as well as the increasingly sophisticated requirements of home buyers, with a focus on sustainability.

Austrian company XXXLutz plans to build a new store in the north of the Slovak capital near the new Bory Hospital, writes HNonline.sk.

Four new retail projects with a combined leasable area of 30,000 sqm have been delivered in four smaller Romanian cities in the first half of 2023. Giurgiu, Călărași, Dej and Vaslui are the cities which benefited from these new investments, while the new supply will be significantly more substantial in the second half of the year, when almost 260,000 sqm of retail spaces are due to be completed, according to data from Cushman & Wakefield Echinox. 

As it was unofficially confirmed last month, Sekyra Group has agreed with Dostupné bydlení České spořitelny and the insurance company Kooperativa on the sale of the Opatov II residential project in Prague 11. This is one of the largest build-to-rent (BTR) transactions in the Czech Republic, Sekyra Group announced. The price of the transaction was not disclosed. 

Demand in European hotel markets is slowly recovering to pre-pandemic levels. David Jenkins, Vice President of Business Development at Radisson Hotel Group talked to Property Forum about the company’s plans and expectations for the CEE region and also shared some details of the Group’s ESG strategy.

Marriott International has signed an agreement with Vlora Marina to open a new dual-branded property comprising a new hotel under the Marriott Hotels brand and Marriott Residences available for private ownership. Situated in the coastal city of Vlorë, the new build property will benefit from a prime waterfront location in the heart of the city as well as being a part of Vlora Marina investment. The new build complex is expected to debut in 2028 

Petre Niculae, Founder of Pedro Construct, spoke with Property Forum about the new residential project whose development started this year, the challenges in the construction market and the company’s strategy of integrating innovative technologies in the design, construction, and development phases.