The office market in Bucharest expanded by 73,500 sqm to a total stock of 3.27 million sqm at the end of the first quarter of 2022, while leasing activity expanded by 44% compared to the first quarter of 2021, according to CBRE. 

With prices still on the rise, buyers of apartments in Poland are adopting a realistic approach rather than wishful thinking in finding a property. The most noticeable change in purchasers’ preferences is that prospective buyers now tend to accept a smaller property and have a larger budget prepared.

The five-star lifestyle hotel has 136 rooms, two restaurants, and a bar. An event venue was also established on the roof of the building in downtown Budapest.

The Capital Park Group has signed the final purchase agreement for two plots of land in Gdańsk with a total area of 1.3 hectares at the Polski Hak. It is one of the most prestigious locations in the heart of the Tricity, in the surroundings of the Motława estuary which flows into the Martwa Wisła river. The planned project is a residential development accompanied by commercial functions. The author of the winning architectural concept of land development is the JEMS Architekci studio.

The Andaz Prague hotel, which was developed by UBM Development, has officially opened. It took the real estate development company two-and-a-half years to transform the neo-classical landmarked Sugar Palace into an Andaz-brand lifestyle luxury hotel.

The REICO ČS LONG LEASE fund managed by REICO investiční společnost České spořitelny, a.s., is buying BWI’s research and development centre in Kraków, Poland. The value of the fund’s new acquisition is approximately CZK 700 million (€27.3 million). 

Panattoni is to increase the size of its portfolio in the Lubusz region. The developer is to begin work on Panattoni Park Gorzów II, which should eventually comprise 67,000 sqm in three buildings. The first is to have 36,500 sqm and is to be completed this year. On completion of the project the company's portfolio should comprise more than 700,000 sqm. 

GARBE Industrial Real Estate Czech Republic has commenced the development of 30,000 sqm at GARBE Park Chomutov. The structure will be built on the plot of a former construction company. GARBE demolished and revitalized the brownfield area and prepared it for the new construction of an industrial hall, which will be finished by the end of this year.

Wing's Honvéd Center office building in Budapest has received a BREEAM certification. The refurbished office buildings earned their BREEM In-Use Very Good certification with their energy and water-efficient management and with features that contribute to the well-being and health of the occupants.

Romanian developer One United Properties has purchased a land plot of 3,065 sqm for the extension of its residential complex One Lake Club, located on the shores of the Lake Tei in Bucharest.