According to the land registry, Microsoft has acquired a large seven-hectare plot of land in Prague's Klíčov district from CPI Property Group. The price of the transaction is CZK 1.5 billion, according to the purchase contract filed with the land registry, reports Seznamzpravy.cz.

500 flats will be built on the site of a medical device factory. This is what the KKCG group is announcing after its move to a two-and-a-half-hectare brownfield site in Modřany, Prague. The new acquisition was reported by the daily E15.

New international hotel chains will appear in Budapest for the first time. Budget hotels will remain competitive. Slow recovery of conference tourism gives some hope to the hospitality industry in Hungary, Csaba Tóth, Director, Head of Hotels at CBRE Hungary says to Property Forum.

Mitiska REIM, the specialist investor in European convenience real estate, has today announced the opening of a new retail park in the city of Puławy in eastern Poland. Originally a Tesco hypermarket, the site has now been transformed into a modern food-anchored retail park, designed to achieve a “Very Good” score on the BREEAM scale.

The former bank atrium on the corner of Vysoká Street and 1st May Square in Bratislava has undergone an extensive transformation in recent months. The investment group Proxenta has successfully brought it to completion in just six months. The building with modern apartments in high standard has been built, writes online daily reality.trend.sk.

New laws on spatial planning and construction will replace the nearly half-century-old 1976 Construction Act in Slovakia. The National Council of the Slovak Republic approved them on Wednesday with a large number of changes compared to the original form, along with a related amendment to the Competence Act, reports webnoviny.sk.

Raied Tanous, CEO of Asbud Group has talked to Property Forum about the recent changes in the Polish residential market, galloping inflation and surging construction costs.

The Prague Public Transport Company (DPP) has signed an agreement with investors from CPI Property Group and Karlín Group and together they will build the Nové Holešovice district in Prague 7. Information about the billion-dollar project was reported by the daily E15. 

OTP Bank Romania has granted €8 million in financing to Polish developer Scallier, for the construction of Funshop Park Turda.  

The modern, developer-led warehouse stock in the Czech Republic has almost reached 10 million sqm and it may surpass 11 million within a year. A record amount of space was under construction as it has reached a 103% increase compared to Q1 2021. Gross take-up (including renegotiations) also grew in Q1 2022. This quarter also marks the end of the decline in the vacancy rate after almost two years. A total of 175,300 sqm of modern industrial premises is available for immediate occupation. The Industrial Research Forum has announced industrial market figures for Q1 2022.