Castorama, Poland's largest chain of home improvement stores, selling construction and finishing products online and in 90 brick and mortar stores across the country, will move to 7R Park Łódź East I. The total area that the tenant will occupy is more than 36,000 sqm. In the lease process, Castorama was advised by JLL.

The volume of land transactions for commercial and residential projects totaled €800 million in 2021, which is a 15-year high, according to real estate consultancy Colliers. Retailers and residential developers have generated roughly 90% of the deals. 

Property developer Speedwell has signed a top up financing agreement with Garanti BBVA to back the construction of the second building of The Ivy residential project in Bucharest, taking the overall loan deal to €15 million.

In early December 2021, S Immo announced a partial takeover to the shareholders of Immofinanz, only three days after a similar offer was made by CPI Property Group. Today, the Executive Board, Supervisory Board and Works Council of Immofinanz have issued statements in which they indicate that the offer price of €23.00 per share is viewed as not sufficiently attractive. The Executive Board and Supervisory Board, therefore, recommend that shareholders not accept the partial offer by S Immo for approximately 10% of the outstanding Immofinanz shares.

Garbe Institutional Capital has launched a pan-European residential real estate fund with a total target investment volume (GAV) of around €800 million. The Garbe European Residential Fund (Garbe EUResi) invests in real estate developments and selectively also in properties undergoing energy rehabilitation. The investment strategy follows a "boots on the ground" approach: the fund only invests in locations where Garbe can act as a local investor through a local presence. The fund’s launch is a milestone in Garbe Institutional Capital’s move to expand into a European residential real estate platform. Garbe EUResi has already received equity commitments of €82.5 million.

Asking prices for apartments in Romania were up 2.7% at the start of January compared to last month, to €1,551 per sqm, with Cluj-Napoca leading the growth trend, according to real estate platform Imobiliare.ro.

MVGM has been appointed by Hansainvest Real Assets to manage 44,000 sqm of space in two logistics centres: Panattoni Park City Logistics II Wrocław and Panattoni Park Poznań X.

Ukrainian real estate investment fund Focus Estate Fund has acquired the Turawa Park shopping center in Opole, Poland from international investment management group abrdn for an undisclosed sum. Turawa Park with a total area of 35,138 sqm is the fourth asset of the Fund’s portfolio in Poland.

Property developer Atenor got €50 million from the sale of Dacia One office project in Bucharest to Pavăl Holding, in a deal brokered by real estate consultancy Colliers. 

Property developer GTC has received LEED Gold certification for the Cascade Office Building located in central Bucharest.