Since the 1970s, the centre of Bratislava's Old Town has been divided by the multi-stream road Staroměstská Street. The City Hall, together with the Bratislava Metropolitan Institute, now has a plan to improve the area. They want to build a park and a large pedestrian plaza above the road to bring the divided city together and add a new residential and recreational space to the city, the Slovak capital's city hall has announced.

In the first quarter of 2022, MLP Group almost doubled its net profit, which came in at PLN 29.7 million, having increased 84% year on year.

Adventum Group has entrusted JLL advisors with the commercialisation of the retail and service section of the Sky Tower multifunctional complex in Wrocław.

LivUp's new investment has reached full occupancy after only one month after launching. Currently tenants of "Puławska 186" are mainly corporate clients, who have settled in high standard apartments. 

Greenstone Asset Management, acting on behalf of EuroEast B.V., has announced the sale of the Tensor Office Park in Gdynia to a JV managed by the Czech fund INVESTIKA realitní fond and Bud Holdings. The value of the transaction remains undisclosed.

Tabogo Property, a company owned by Canadian investor Michael Topolinski, has challenged in court SIF Banat-Crișana’s purchase of a land plot in Bucharest. The financial company won the €33.59 million tender for Belvedere Cigarette Factory last week.

Despite the turbulent economic situation, banks are readily lending money to the commercial real estate segment, with warehouses being their top choice. The industrial investor Accolade is one of the most willingly financed warehouse portfolio holders in Poland. The company benefits from over €500 million in bank loans, 40% of which has been acquired since February 2020. At the same time, in the Czech Republic, the company has signed a loan agreement with a club of banks for €137.5 million. It is the largest ever loan provided for a single industrial rental property in the CEE region.

Dr. Schneider Automotive Polska Sp. z o.o., which belongs to the Dr. Schneider Group and has been operating in Poland since 2002, will move into Panattoni Park Jelenia Góra already in the second quarter of this year. BNP Paribas Real Estate Poland experts advised the automotive company in the search for a new production location and in the negotiation of the terms of the contract. A production plant will be built on an area of 7,439 sqm + 4,293 sqm of mezzanine floor to produce parts for electric cars, among other products.

Due to the high prices of flats and houses, less availability of mortgages, extreme inflation, as well as the rising price of building materials and labour, people in the Czech Republic are now looking more for rental housing. The influx of refugees from Ukraine has also significantly increased the interest in renting. Under the influence of the enormous demand, rental prices are thus starting to reach the pre-Covida level, and in some places have already exceeded it. According to PSN, the availability of apartments is decreasing and the company is now preparing entire projects for rental housing.

The EU Space Programme Agency (EUSPA) could become the first tenant after the completion of a dilapidated building in the centre of Prague's Palmovka district. The Prague City Council plans to approve the terms of a key contract in June that will kick-start preparations for the completion and ensure the agency moves into the building. Deník E15 reports that Petr Hlaváček, Prague's deputy mayor for territorial development, confirmed the news.