Construction works have started on the second phase of the Park West project of Wing's residential development division, Living, as announced in September 2020. Park West 2 is expected to be handed over at the end of the first half of 2023.

S Immo generated a profit of €56.9 million for the financial year 2020, closing the year well in the black despite the COVID-19 crisis.

CPI Property Group updated its stakeholders regarding a defamation claim filed in June 2020 by Kingstown Capital Management L.P. and Investhold LTD against CPIPG and Radovan Vitek in New York State court.

Without a doubt, the pandemic has brought many changes for the retail market but many developers see this as a time for trailblazers. Christoph Andexlinger, Chief Operations Officer at SES Spar European Shopping Centers discussed with Property Forum the effects the pandemic had on the company’s operations and shared some details about future plans.

Real estate developer Hanner has inked a partnership with a restaurant operator that will join the Fosta Fabrică mixed-use project, located near the Gara de Nord railway station in Bucharest. The company will invest over €40 million in the complex project, which includes the restoration and conversion of four monument buildings. 

JLL Czech Republic announced the appointment of Alexandra Tomášková as Head of Office Solutions effective 1 May 2021. In her new role at JLL, Alexandra Tomášková will focus on the office sector with direct oversight of the firm's Office Leasing businesses together with Workplace Strategy and Project Management. In her new role, she will also closely cooperate with JLL’s Tétris Design & Build and Capital Markets teams on office-related services.

The accelerated growth of work from home arrangements has generated a new market for office space that can be leased directly by companies that have ongoing rent contracts for bigger surfaces. At present, around 70,000 sqm is available for sublease, which is a record figure for the Romanian market, according to representatives of JLL. 

The average asking price for an apartment in Romania stood at €1,379 per sqm in March, up 1.5% compared to the previous month, according to a report by real estate portal Imobiliare.ro. 

Albania remains a dynamic real estate market, growing in both the retail and office sectors. The COVID-19 pandemic had a definite impact in the first quarter of 2020, but with the ease of the quarantine restrictions, the real estate market picked up and recorded higher than usual transaction volumes, particularly in the residential sector. Colliers Albania published its top 5 predictions for the Albanian property market in 2021.

The total stock of purpose-built student accommodation (PBSA) in Prague exceeds 28,400 beds. 91% of these capacities are in the ownership of universities and the remaining 9% is provided by the private sector, according to the latest Savills “Student Housing in Prague” report.