The first phase of the Millennium Gardens office building has opened its doors with an occupancy rate of over 90%, following an investment of €150 million from Revetas Capital for the development of the North Tower. Millennium Gardens is part of the portfolio of assets of Revetas Capital in Hungary, the pan-European real estate investment advisor that also manages 12 retail parks across the country. The project is being developed by TriGranit, which has more than 20 years of experience and has successfully implemented more than 50 landmark projects.

JLL has introduced a seven-person international Sustainability Services and ESG team. The team will focus on consultancy in both topics due to the constantly rising demand for sustainability services in the real estate sector.

Dr. Erwin Hanslik MRICS, Taylor Wessing’s CEE Head of Real Estate & Construction and head of the firm's Prague and Brno offices, talked to Property Forum about the legal challenges real estate investors and developers in the Czech Republic have to face.

Immofinanz has successfully closed the sale of the BBC Gamma office building in Prague to Passerinvest Group. The transaction was concluded at a premium to the book value as of 30 June 2022, the seller announced.

Krajowy Ośrodek Wsparcia Rolnictwa (KOWR) has renewed its lease agreement at the Karolkowa Business Park office building, owned by the Menora Group, Shikun&Binui Group and M&A Capital. According to data from the Polish Chamber of Commercial Real Estate, ​the renegotiation of the 10,000 sqm contract is one of the largest transactions in the Warsaw office market for Q2 2022.

Trigea nemovitostní fond acquired Panattoni Tricity North, an urban logistics park developed and managed by Panattoni. The asset was selected by Trigea for its first logistics investment in Poland. The parties agreed not to disclose the value of the transaction.

DBH Group, a Dutch-based international corporation, focusing on venture capital, flexible infrastructure & corporate services, has leased office spaces in two buildings owned by Skanska in Romania and Hungary. 

Industrial developer MLP Group has appointed Olga Melihov as the new Country Head in Romania, tasked with for developing new warehouse and logistics projects. 

Up to 20 new hotels are slated for delivery across the country by the end of 2023, of which six projects will be completed in Bucharest, according to a report by real estate consultancy Crosspoint Real Estate.

Demand for logistics real estate is not slowing in Europe, driving significant upward price growth. This development is further fuelled by increased construction and financing costs in the new-build segment. Overall, 70% of the examined European markets registered substantial growth since the end of the second half of 2021, whereas 30% saw no change in rent levels. The remarkable thing is that no region reported negative rental growth. These are some of the findings Garbe Research presented in its latest Garbe Pyramid Map, the 2022 mid-year update of the company’s yield and rent map for the 122 most important logistics real estate submarkets in 23 European countries.