S Immo has received a request from shareholder CPI Property Group to convene an extraordinary shareholders' meeting. The motion is to resolve the abolishment of the 15 % voting cap set in the Articles of Association of S Immo. In addition, CPI Property Group has announced its intention to make a mandatory offer for all shares in S Immo not held by CPI. At the moment, CPIPG, directly and indirectly, owns a total of 42.6% in S Immo.

Property investments in Romania could exceed €1 billion in 2022 given the high level of activity seen at the start of the year, according to a report by Colliers. Just a few office transactions in advanced stages likely to close this year will total over €600 million.

Over 27,000 new homes are under construction in Bucharest and its surrounding areas, which is the largest number in the modern history of the local residential market, according to real estate consultancy SVN Romania. 

Property developer P3 Logistics Parks has completed a new accommodation building spanning 2,000 sqm for the staff employed in the P3 Bucharest A1 logistics park near Bucharest. 

Gal Peleg, CEO of Golden Star Group talked to Property Forum about the potential effects of the war in Ukraine on the Polish office market, the expected supply gap and the reactivation of the long-awaited Lilium project in Warsaw.

The Czech government plans to introduce subsidy programs that could significantly help fund housing for refugees. In addition to funding from the state budget, money from the National Recovery Plan is also being considered. The use of the money depends on the approval of all EU-27 countries, Czech daily E15.cz reports.

Private equity fund Főnix wants to take control of a financial investment firm that manages the construction of several hundred homes and office towers within the BudaPart mixed-use project in Budapest.

The first quarter of the year in BNP Paribas Real Estate Poland was marked by internal promotions. A total of 9 commercial real estate experts who advise clients on a daily basis, working in office, industrial and logistics leasing departments, as well as in property management, investment markets and design consultancy departments, climbed a step up the career ladder.

Arcadis is changing the ownership and as of April is owned by its current management in the Czech Republic. The new name of the company is now Grinity, the company announced.

InteRo Property Development, owned by the Canadian Topolinski investors family, will the start the construction of its first premium residential project and a villas complex with a combined value of €54 million.