Romanian industrial developer Global Vision has purchased the Nova Building office project in northern Bucharest, with the overall investment in the building set to exceed €12 million.  

New technical regulations regarding the methodology for calculating the energy performance of buildings will be enforced in Romania starting February. The new rules will help the local construction market will take an important step forward by aligning with European standards and trends in terms of sustainability

Demand for new offices in Bucharest rose by 13% in 2022 compared to the previous year, with 332,922 sqm of spaces leased in the city during the past year, according to real estate consultancy Fortim Trusted Advisors. 

FLE SICAV FIS, managed by FLE GmbH, has acquired from DWS its fifth office property in Poland – the Kopernik Office Buildings in Warsaw. Knight Frank advised the buyer and Colliers represented the seller. The price remains confidential.

Bridgeston and ESA logistika have opened a 50,000 sqm tyre warehouse where tyres will be shipped for further distribution. The facility is located at at Panattoni Park Poznań East Gate.

In late 2022, NREP made 116 fully furnished and equipped apartments available for rent at Kłobucka Street in Warsaw. It is NREP’s first completed residential investment in Poland. The first tenants moved in at the beginning of December, and the building is now nearly fully leased.

Focus Estate Fund is expanding its operations in Poland with the acquisition of Ferio Legnica (a shopping centre in the city of Legnica in southwestern Poland) from Austria's Raiffeisen Bank International. CBRE represented the seller in the transaction. Czabański & Gałuszyński together with Gleeds and KKLW advised the buyer. The price has not been disclosed.

Property investor Yellow Tree has purchased the Olympia Tower office building in Bucharest from Bluehouse Capital for an undisclosed sum. 

The historic building will offer 4,600 sqm of office and 340 sqm of retail space in the very heart of the Hungarian capital. The opening is expected at the end of January.

Residential developer Redport Capital has purchased a land plot of 10,800 sqm and warehouses covering 4,700 sqm near a project that the company is currently developing in the Petrom City area in northern Bucharest.