Horia Ciorcilă, one of the founders of Banca Transilvania, Romania’s biggest lender by assets and Evergent Investments are jointly planning the development of a residential project in northern Bucharest.

Panattoni has begun construction in Sulechów of nearly 90,000 sqm for BestSecret - European members-only online destination for premium and luxury off-price fashion. The cornerstone laying ceremony took place on September 15th. 

Rising financing costs do not help when it comes to planning ESG-related CapEx. However, most landlords wish to keep their buildings attractive to occupiers and higher energy costs are bringing the discussion of energy-efficient buildings into sharper focus, says CPI Property Group’s Non-Executive Director and Chairman of ESG Committee, Omar Sattar.

Prologis Europe has significantly scaled up its urban offering across the continent with more than a million square meters of core logistics space. On behalf of its open-ended vehicle PELF, the company has acquired 128 buildings and 6 developments in key urban gateway locations from last-mile operator Crossbay. The agreed price was €1.585 billion.

Panattoni has announced the construction of a new 12,000 sqm centre in Poznań. Panattoni has already built around 370,000 sqm for the City Logistics sector in 22 locations.

HB Reavis has completed the construction of Varso Tower, the tallest skyscraper in the EU, designed by Foster + Partners. The first tenants will soon move in.

The occupancy rate of the portfolio comprised of 12 retail parks has reached 97% in Park Centers Hungary, Revetas Capital announced today. 

InPost and P3 have signed lease agreements for a total surface of over 43,000 sqm in P3 Piotrków Park, most of which, over 36,000 sqm, are new agreements. In addition, P3 has recently provided InPost with a dedicated city warehouse of nearly 8,300 sqm, located at ul. Faradaya in Warsaw.

ECE has launched its inaugural European residential real estate fund and successfully raised equity commitments from renowned institutional investors, including two large highly reputable German insurance groups. With the capital raised in the first closing, the fund plans the purchase of investments with a volume of more than €350 million. Further capital commitments from institutional investors will be raised in the coming months. The strategic partner for the residential build-to-rent investments of institutional investors in the newly launched fund is the specialized Group company ECE Living. It is supported in concept and product design as well as in capital raising by the investment banking boutique Victoria Partners.

Major international fashion and beauty brands will be coming to the shopping centre this autumn. The centre has been refurbished and developed by Hungarian company Wing.