The YIT Group, which is the largest construction and development company in Finland and has so far operated in 10 countries including the Czech Republic, has completed a strategic review of its business in Russia. Based on this analysis, it signed an agreement with Etalon Group PLC to sell its business in Russia.

Property consultancy Cushman & Wakefield Echinox has taken over the management of Funshop Park developed by Polish company Scallier in Timișoara. 

KS Holding, a Kesko Group company, has completed the sale of Kesko-Senukai stores in Vilnius and Daugavpils to the Finnish Special Mutual Fund Titanium Baltic Real Estate. Together with the sale of Riga’s Ozols Centrs, acquired by Titanium in November, KS Holding has brought retail assets valued at €60 million to the market. Returns to shareholders in the recent transactions for the money invested exceed 20% per annum.

Hungary-based developer Alfa Group has decided to cancel the bond auction within the Hungarian NKP framework in Q1 due to increased interest rates. As the main reason for bond issuance was the need for a financing development pipeline, an alternative source of financing with attractive commercial terms was considered better. 

Romanian developer Iulius has announced a new urban regeneration project in Cluj-Napoca that will be jointly developed with Atterbury Europe following an investment of more than €500 million. 

With the purchase of a land plot on Marywilska Street in northern Warsaw, the DLE Poland fund, launched in 2021, has successfully finalised its first transaction. The property is located in a district that is undergoing a transformation from a purely industrial to a purely residential area.

Blackbrook Capital, a European independent real estate investment firm focusing on mission-critical supply chain assets, announced the funding for the development of a 45,000 sqm Class-A logistics facility in Western Poland.

GLP has launched the development of two new warehousing projects in Poland: the third phase of construction at Poznań Airport Logistics Centre and the first building of Warsaw V Logistics Centre.

Property developer Speedwell has leased 630 sqm in its own Miro office building, which it developed in northern Bucharest. 

Property investor Globalworth has purchased a small business units logistics project previously developed by CATTED in Chitila, near Bucharest. Furthermore, the two companies will acquire a land plot of around 45,000 sqm in Ștefănești for a new logistics investment.