Property developer and investor Globalworth has secured new funding worth €160 million from Austrian Erste Group. 

The commercial real estate investment market in the Czech Republic is stagnating. Analysts see the year 2023 as a challenging year. However, the market was dominated by domestic capital last year and there is still a mismatch in the expectations of buyers and sellers, according to a Knight Frank report.

The real estate investment market is impacted by increased inflation expectations, higher interest rates and the inflated cost of financing, and it will continue into 2023. It inevitably leads to increasing yield expectations. In most European markets across various sectors, yields have increased this year. According to BNP Paribas Real Estate, some price corrections are expected in some markets and asset types in 2023. The market expects to stabilize in the second half of the year when investment activity could also see some revival, reported 108 real estate agency. 

Upward pressure on rental rates and rising construction costs on the one hand and a growing focus on ESG and repositioning of commercial buildings on the other. Faced with the current pace of change in the real estate market, many investors are looking at 2023 with a degree of uncertainty. Are there any reasons to be fearful? And how will the economic slowdown shape trends and sentiments in each real estate sector in the short term? Cushman & Wakefield answers these questions and more in the fourth edition of its "Trends Radar" report, which presents forecasts and potential development trends for the Polish real estate market.

The biggest company in Hungary got rid of its outdated office complex for HUF 6.3 billion in November last year, investigative news site K-Monitor reports. 

Accolade received a long-term financing for the 5 industrial parks in Poland: Gorzów Wielkopolski, Szczecin Załom (West), Szczecin Kniewska, Częstochowa and Kielce. The €129 million refinancing loan was delivered by its new financing partner Helaba. 

Obermeyer Helika, one of the largest Czech engineering and construction consulting companies, is expanding its management. In the second week of January, the company appointed Jiri Kos as its new Chief Commercial Officer. 

Property developer Speedwell has secured financing from Alpha Bank Romania for SpacePlus, its first industrial development located in north-western Bucharest. 

Romanian developer Alsin Management will invest €40 million in a new residential complex based in Pipera, northern Bucharest. 

This is the first shopping centre in Hungary to be given such an award in the construction phase. The property, developed by the Hungarian company Futureal was opened in late 2021.