Property developer Alesonor has obtained a financing of €21 million from Banca Transilvania that will be used for the first phase of the Amber Forest project near Bucharest. The money will support the development of 294 green homes. 

Romanian developer Element Industrial has secured a loan of €23 million from Alpha Bank Romania for the construction of the first two phases of the ELI Park 3 project, part of the ELI Park Bucharest North West hub. 

As of May 2022, Alena Liškay Králíková is the new ESG Manager of Czech development company Crestyl. According to her, while thinking about ESG in real estate businesses, it is important that buildings are not only serving the company´s ESG goals but also their residents, tenants and the entire neighbourhood too.

Romania’s modern industrial and logistics facilities stock reached 5.6 million sqm at the end of 2021, which represents the third largest industrial and logistics market among 15 of the biggest economies in Central and Eastern Europe (CEE). 

Developer AFI Europe has announced the completion of the Tulipa residential project on a five-hectare brownfield site in Prague 3 Strašnice. This latest, fifth phase with an eight-storey apartment building cost the developer more than CZK 250 million and will be the only one dedicated exclusively to rental housing with 61 apartments.

One of the main advantages of working in an office is the opportunity to be around colleagues. Social interaction in the workplace is known to boost creativity and productivity which is why companies are focusing on providing employees with more space for socialisation and teamwork. As post-Covid working habits are still rapidly changing and the reorganisation of corporate headquarters takes time and money, many employers are providing their employees with the opportunity to work from flex offices, according to market feedback gathered by CEE-based operator New Work.

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.