VGP announces the acquisition of a new land plot in a prime location near Bucharest and the start of the development of its new multi-tenant business park VGP Park Bucharest. Law firm Kinstellar advised VGP Parks on the acquisition.

Cavatina Holding has obtained an occupancy permit for the first building completed within the Ocean Office Park complex in Kraków.

The first of the eight buildings planned as part of the Palio Office Park project in Gdańsk has been commissioned. The office building located on the premises of the Gdańsk Shipyard will deliver 16.6 thousand square meters GLA to the Tricity market.

Prima Development Group announces the completion of the Boemia Apartments project, whose construction started in 2019 in Bucharest. 

A newly opened project at Taśmowa Street with over 370 apartments joins Resi4Rent buildings in Warsaw Brewery and at Suwak Street.

CTP has announced its intention to launch an initial offering and to apply for admission to listing and trading of its shares on Euronext Amsterdam. The logistics investor and developer aims to raise between €800 million and €1 billion.

S Immo AG's Supervisory Board has designated the successor of Ernst Vejdovszky, founding father of the company, whose board term will expire on 30 June 2021, and has newly appointed the Management Team. Dr. Bruno Ettenauer will take over as CEO from 15 March 2021 with a term of three years. DI Herwig Teufelsdorfer will be appointed as S Immo AG's CIO (Chief Investment Officer) and will take up his position on the Executive Board at the latest at the beginning of the second quarter of 2021. The contract of Friedrich Wachernig, MBA as COO (Chief Operating Officer) has been prolonged for a further three years until 30 June 2024.

The first year of the pandemic brought many lessons for all entrepreneurs and business executives. With plans and expectations upside down, many companies have had to adapt to new realities, regardless of the field. One of the big winners of the crisis was retail park operators that now plan heavy expansion in the coming years. Property Forum takes a look at Romania’s retail park pipeline.

Etele Plaza has obtained its occupancy permit which means tenants can start building their new stores in the largest shopping centre in the Buda side of Budapest. Developed by Futureal, with an investment value of €300 million and a leasable area of 55,000 square meters, the environmentally friendly building will open its doors in September 2021.

Optim Project Management has completed its work on the new 6,715 sqm ibis Timișoara City Center for Hotel Development SA, a company owned by brothers Emil and Marius Cristescu.