In Q4 2021, for the second consecutive quarter, no new buildings were completed on the Budapest office market. Total demand reached 112,280 sqm in Q4 2021, representing a 38% increase quarter-on-quarter, and a 30% increase year-on-year, the Budapest Research Forum (BRF) reports.

Art Property, the developer of the €20 million Art City residential complex in Bucharest, is looking to expand its presence in the property management field and appointed a new management team to implement the operational plans. 

Panattoni is extending a production campus for K-Flex in Uniejów. After having developed almost 60,000 sqm in four buildings, the developer is now to deliver a further 6,500 sqm. The leading producer of thermal and acoustic insulation materials will already be using a 15 m high storage facility in March 2022. This will allow K-Flex to service the growing needs of its construction clients from Europe, Asia and the USA. Both companies are now planning further stages to the extension of the complex in Uniejów.

Portico Investments has purchased a new Profi store in Bucharest, in a bid to expand its Romanian portfolio. 

Czech-Dutch investment company Fidurock has commenced the construction of the second phase of the Staré Město retail park project. The extension will expand the current 4,100 sqm building with 500 sqm.

Property group Yellow Tree has acquired an office building near Victoriei Square from a company that is under administration.  

Garbe Institutional Capital is launching a new institutional club-deal strategy investing in science- & technology-led real estate: the "Garbe Science and Technology Real Estate Fund 1" (Garbe STREF #1). The alternative investment fund has a total target investment volume of around €400 million.

International retailer Primark has announced the opening of its first store in Romania as part of an expansion bid in Central and Eastern Europe. The new store will start operations towards the end of this year and will be located in Bucharest-based ParkLake Shopping Centre, owned by Sonae Sierra.

CTP has closed a €700 million four-year green bond under its €8 billion euro medium-term note (EMTN) programme. Total demand for the issue peaked at circa €1.3 billion, reflecting the solid reputation CTP has built with investors in corporate green bonds in the 15 months since the company entered the capital markets for funding.

P3 Group announced the issuance of its inaugural senior unsecured RegS dual-tranche green bonds across 4- and 7-year tenors, in an aggregate principal amount of €1 billion. The bonds, which will be traded on the Euro MTF Market and listed on the official list of the Luxembourg Stock Exchange, will bear a fixed coupon of 0.875% for the 4-year tenor, and 1.625% for the 7-year tenor, and are expected to be rated BBB by S&P, in line with the corporate rating.