The asset management arm of Hungarian developer Market Group has signed a €65 million loan agreement with Raiffeisen Bank to finance a huge mixed-use project in a prestigious district of Budapest, not far from the embankment of the river Danube. A Class A office complex and a boutique hotel offering 127 rooms will be completed by 2023. 

Anchor Grup has kicked off the development of Select Residences, a new residential complex that will be developed in Bucharest following an investment of €40 million.  

Penta Real Estate has sold three real estate projects in Bratislava. The buyer is former Penta co-owner Jozef Oravkin, who left the group at the end of 2021 to set up his development and investment company, Penta announced in a press release.

Geopolitical tensions hurt demand for commercial property, appetite for property development, financing conditions and property investment decisions over the short run, the Hungarian National Bank (MNB) reports.

Hundreds of flats are to be built in Prague by RSBC Group. The company wants to implement a CZK 1 billion project in Prague's Vysočany district to convert an old vacuum cleaner factory into 243 apartments. RSBC is going into the project with developer Masák & Partner, online daily E15.cz reports.

The Central & Eastern European real estate market has registered an investment volume of €2.8 billion in Q1 2022, up 44% year-on-year. By volume, the lion’s share of the deals was realised in Poland (59%) and the Czech Republic (32%). Cushman & Wakefield has summed up the investment market in the CEE region.

Companies in the IT&C sector had a share of 32% in Bucharest’s office lease market in Q1 and generated 93.6% of new leasing transactions in regional cities such as Cluj-Napoca, Iași, Timișoara and Sibiu.

Irish fashion retailer Primark will open a new store in AFI Cotroceni, the shopping mall owned by AFI Europe in Bucharest. 

Take-up on the Budapest industrial market added up to 102,410 sqm in Q1 2022, which marks a 130% increase compared to the same period of the previous year, the Budapest Research Forum (BRF) reports.

Passerinvest Group a.s. has entered into an off-market agreement with the investor Simona Otavova for the purchase of the building housing the general headquarters of the state-funded organization Road and Motorway Directorate of the Czech Republic (Ředitelství silnic a dálnic ČR – ŘSD). The value of the transaction was not disclosed. The change of ownership was announced today by Passerinvest.