YIT Slovakia has presented the new management of the company. Now it consists of up to 8 directors. The change came at a time when YIT Slovakia plans to revolutionise construction and development.

The transformation of the Tesla Pardubice brownfield into a modern urban district for 750 residents has reached its final stage. The implementation, which is taking place on a 2.5-hectare plot of land under the direction of the development company Linkcity and the general contractor VCES, has already started in 2021.

Realia Fund Sicav has ended the previous year by acquiring a retail park in Stod City in the Pilsen region. With the completion of this purchase, the value of the fund's portfolio rose to CZK 2.35 billion (€93 million).

The international investment fund Indotek Group has sold the Bokserska Office Center office building in Warsaw. The buyer is Enter Air, a Polish charter airline, which plans to move its headquarters to the purchased building. The price has not been revealed. 

iO Partners has announced its expansion into Austria through a partnership with Optin, a real estate consultancy specialising in commercial, residential and investments.

The Accolade concern, which invests in industrial and production real estate across Europe, is opening a branch in Zagreb and Ivana Barać has joined as the new business director of Accolade Croatia. 

As of December 20, 2024, the owner of Reico has changed. The new owner (shareholder) of Reico is Erste Asset Management GmbH. 

This year marks a crucial stage for the European real estate market, which is undergoing a process of recovery and transformation. Favourable economic factors, such as stabilized inflation, reduced interest rates and increasing real incomes are strengthening this sector as a key pillar of the continental economy, according to a Cushman & Wakefield Echinox analysis. 

After four years, the reconstruction of the former Prague InterContinental hotel is reaching its completion. The hotel is to be operated by the international Fairmont hotel chain under the name Fairmont Golden Prague, reports E15.cz. 

Romanian real estate agency Griffes has closed lease deals worth more than €95 million in 2024, with Bucharest holding 75% of the total volumes.