Pražská energetika (PRE), the Czech energy company, prepares massive investments in renewable energy sources. The company wants to decimate the capacity to reach 300 megawatts from its own "green" power plants by 2030. Therefore, the company has already planned several projects for the next three years, the Czech daily Seznamzpravy.cz reports.

Günther Artner (49) has taken over the management of the Commercial Real Estate business of Erste Group and Erste Bank Oesterreich as of 1 July 2022. Artner thus succeeds Patrick Zehetmayr, who is leaving Erste Group.

Property group Immofinanz has signed a 25-year lease for 6,500 sqm in Bucharest-based myhive Victoria Park to Leventer Medical Group. The leased area will host Leventer Hospital, the country's first private dermatology and surgical oncology hospital that will open in 2024 following an investment of around €10 million. 

Property developer Globalworth has secured a green loan of €85 million from the IFC, a member of the World Bank, which will be used for the expansion of sustainable projects in Romania. 

Colliers has entered into an affiliate agreement in the EMEA region with the leading real estate services company in Serbia, West Properties.

The Vice-President of the European Investment Bank (EIB) Teresa Czerwińska and the acting Managing Director of EIB Global, Markus Berndt, spoke at the Ukraine Recovery Conference in Lugano and shared the EIB’s views on Ukraine’s recovery. They reaffirmed the EU Bank's steadfast position on the importance and urgency of investing in Ukraine's European future, even as fighting continues across the country. Emphasising its support for the recovery plan presented at the conference, the EIB offered a new instrument, the EU-Ukraine Gateway Trust Fund. This financing instrument could support Ukraine’s early and long-term recovery and the country’s journey towards EU membership.

The logistic real estate market of Ukraine has been seriously damaged during the military aggression on the part of the Russian Federation. Warehouses are subjected to targeted attacks, as they are regarded by the aggressor as strategic objects, providing logistics, delivery of food and essential goods. On the territory of the Kyiv region, warehouse and logistics complexes with a total area of about 382,000 square meters were destroyed, writes Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum.

In recent quarters, the National Bank of Hungary (MNB) has measured substantial and growing overvaluation in the housing market, which has been coupled with an increase in banking sector risks related to lending. These risks have not decreased so far even with the uncertainty related to the war situation of the past months; hence, supporting banks' resilience with regulatory tools is warranted. The Financial Stability Board of the MNB has therefore decided to raise bank capital requirements and will increase the countercyclical capital buffer rate to 0.5% from 1 July 2023, for the first time since its introduction six years ago, Hungarian economic daily Portfolio.hu reports.

Duna House has released its monthly transaction estimate, showing that there were 10,859 residential property transactions in Hungary in June 2022. This marks a 13% decline over May and a 20% drop compared to the number of transactions recorded last June.

A record-breaking volume of investments in commercial real estate in Slovakia was realized in the first half of the year 2022. Total investments exceeded €600 million. The record volume is largely due to the transfer of part of Penta´s original portfolio to the new developer Alto Real Estate. It influences the statistics so the office buildings gained a position of the dominant segment with around 70% share of all investments. The share of domestic capital is representing almost 70% of the total volume of transactions. Within the context of rising inflation and increasing interest rates, analysts consider yields to be bottoming out without space for further compression. Slovakia continues to maintain its reputation as a safe investment location with competitive yields, according to Cushman & Wakefield's latest report.