Equilor Asset Management, owned by Hungarian developer BDPST Group, will buy the Sofitel complex which consists of a 4-star hotel and an adjacent office building, local news portal index.hu reports.

Four buildings of the Wiśniowy Business Park changed hands as the Hungarian company obtained the properties from Netherlands-based seller Cherry MidCo B.V. This is Appeninn's first acquisition outside Hungary.

United Benefits Holding is entering the Polish real estate market with the acquisition of the 16,000 sqm Silver Forum office building in Wrocław.  The company plans to optimize the property with a focus on ESG standards and mobility, thus leveraging the property’s value-add potential. The price of the asset has not been disclosed. 

Construction has begun on the Verde Slaný residential project in the royal town of Slany. The entire complex will be built in several stages on the former Benar cotton spinning mill site in the immediate vicinity of the revitalised Kumpán Garden. The estimated investment for the entire project is over CZK 1 billion (€42.3 million) with the planned construction of more than 220 new apartments.

Tomáš Pardubický, CEO of Czech residential development company FINEP has talked to Property Forum about the necessary transformation of the real estate market and shared plans about the company’s expansion in the build-to-rent segment.

Prague's residential market in 2022 has seen the lowest number of flats sold in the last 10 years. The residential market is slowing down further, but prices of new builds are not falling, JLL said in its latest report.

While the property investment volume in the European Union fell by 23% year-on-year to €211.5 billion in 2022, the market in Germany shrank by around 44% in 2022 compared to the previous year, says a market analysis conducted by Arnold Investments

The Bulgarian commercial property market in 2023 will maintain activity around last year's levels. Main buyers are again expected to be local investors with sufficient funds or being able to obtain favourable credit terms. This is what Cushman & Wakefield Forton is forecasting for the period. C&W Forton estimates the total volume of commercial property transactions in 2022 to be just over €270 million. Transactions with traditional market assets – office and retail space – are predominant, while there is also a stir in the industrial property segment

Romanian developer Iulius has signed a partnership with IFC, a World Bank member, in a move designed to create a decarbonation strategy for the whole property portfolio with a target to reach net zero on carbon emissions. 

Last summer, Invesco Real Estate bought the Delta building, one of the phases of its multifunctional Hagibor project, from developer group Crestyl. The building is to include a total of 165 flats in layouts ranging from 1+kk to 4+kk for rental housing purposes. Construction started in Q4 of last year and is scheduled for completion in Q3 2024. Zeitgeist Asset Management will take care of the complete management of the project during construction, as well as the subsequent leasing and management of the apartments, the company announced.