Today, the Governing Council of the European Central Bank decided to raise the three key ECB interest rates by 50 basis points and approved the Transmission Protection Instrument (TPI) in an effort to make sure inflation returns to its 2% target over the medium term.

Colliers has taken over the management of two office buildings owned by Stena Fastigheter – phase I of Centrum Południe in Wrocław and phase III of High5ive in Kraków. Following Spark B in Warsaw, these are further investments belonging to one of Sweden's largest private real estate companies to be managed by Colliers.

Lidl Polska, one of the largest retail chains in the country, will become one of the tenants of 7R Park Poznań West this August. The company will use nearly 10,900 sqm of modern warehouse and office space.

The Ukrainian retail industry together with the rest of the country is going through one of the most alarming stages in its history. Shopping malls are increasingly becoming targets for enemy fire. It is difficult to estimate the financial losses caused by the Russian army as the situation is constantly changing. According to the Ukrainian Council of Shopping Centres (UCSC) the losses incurred by the shopping mall industry as a result of the aggression amount to $9.8 billion. This calculation includes direct and indirect losses, writes Katy Klyueva in an article prepared by the Ukrainian Real Estate Club for Property Forum.

Challenging times are still going on, thus investment market participants are closely following the impact of the turmoil in Europe on the economy and its long‑lasting consequences. In spite of the record-high inflation as well as continuously raised interest rates, the Polish investment market keeps track with 32 investment deals closed in Q2 2022, exceeding €1.2 billion, Avison Young reports.

More than 600,000 sqm of warehouse space is under construction in Lower Silesia. Of that total, nearly two-thirds are being built in Wrocław and its suburbs. Demand for new warehouses in the region comes mainly from e-commerce and 3PL, according to Newmark Polska.

IHG Hotels & Resorts will operate the Athénée Palace hotel owned by Romanian ANA Hotels under a management contract, starting from 2023. Following the rebranding process, Athénée Palace Hilton will become InterContinental Athénée Palace Bucharest. 

CTP in the Czech Republic has a new CFO as of July. Ivana Ficzová will be in charge of the strategic management of CTP's finances in the Czech Republic in her new role.

Niro Investment Group, the Romanian property investor and administrator, has appointed Anca Simionescu as General Manager, tasked with coordinating and developing the company's investment projects both locally and internationally.

Classical shopping centres should adapt to the latest trends in retail to survive. That includes establishing strong ties between the digital and physical world and defining the tenant mix more accurately. Entertainment is also a must as these centres will have to become beloved community centres as well, says Márk Balástyai, Project Director of the recently opened Etele Plaza, built by Hungarian developer Futureal.