Business and leisure travel is back in CEE, including Hungary, which makes investments more profitable than it was expected a year ago. Property Forum asked Silvija Lovreta, Senior Director of South Eastern Europe - International Hotel Development at Marriott International about the extensive development pipeline and ways the company meets environmental challenges. On behalf of Marriott's local partner for the development of the first Moxy hotel in Budapest, Forestay Group, Bálint Botos also commented on a few questions.

The Slovak government has approved the Ministry of Economy's proposal to allocate €21 million to prepare three industrial parks in Slovakia through MH Invest.

Sierra Balmain has published its first ESG report. Among its achievements, the company highlights e.g., reducing electricity consumption by 40% in managed facilities, implementing projects designed to benefit local communities, as well as an effective equal opportunities policy in its own organization.

Real estate developer Speedwell has purchased a new land plot in Timișoara, where the company plans to start the construction of its second mixed-use project in the city. The value of the transaction was not made public.

Green certificates were something sufficient years ago, but in the present market reality, they fail to cover the social and governance parts of the ESG principles. Some of them are also seriously outdated – this is how one can summarize a panel discussion on developments at last month's European ESG Property Forum 2023 in Warsaw.

The complex is one of the largest in the local office market. It was developed by the Hungarian company Wing and now has become a multi-tenant office building. However, there is still 7,500 sqm of space available to prospective tenants.

The largest online perfume and cosmetics store in Europe has leased over 28,000 sqm of warehouse space in MDC2 Łódź South Park.

The Prague City Council has approved the intention to launch a tender for a contractor to be entrusted with the transformation of the unfinished torso of the Prague 8 City Hall building. The Nová Palmovka Centre will become the new European Space Research Centre (EUSPA). The city is preparing this project for the Ministries of Transport and Finance, with which it is cooperating intensively.

Sorin Preda, Founder and CEO of Global Vision spoke to Property Forum about industrial developments in major and secondary cities in Romania, alongside plans to integrate office and manufacturing lines across the company.

Keegan Viscius has been appointed as the new CEO of real estate group CA Immo, with the move effective as of June 10.