German retailer Metro Cash&Carry will expand its logistics centre in Ștefăneștii de Jos, near Bucharest, in a bid to cover higher distribution demands and sales in its network. 

Lithuanian hotel operator Apex Alliance Group has announced the opening this summer of its most extensive project in Romania, The Marmorosch Bucharest, Autograph Collection. 

The Chamber of Deputies, the lower house of the Parliament of the Czech Republic, has approved an amendment to the building law drafted by Regional Development Minister Klára Dostálová that aims to accelerate approvals on large construction projects. Now the law will be submitted to the Senate for consideration. If approved, it should come into force on July 1, 2023.

The Independent Committee of the Globalworth Board has published its response circular in connection with the unsolicited cash offer by CPI Property Group S.A. and Aroundtown SA at €7.00 per Globalworth share. The Independent Committee continues to believe that the offer significantly undervalues Globalworth, its assets and its prospects.

Supported by sustained portfolio growth in 2020 and the completion of profitable property sales and project pre-letting in Q1 2021, CA Immo is starting 2021 with a positive first quarterly result. All key financial figures were increased compared to the previous year, and the value of property assets rose to €5.7 billion. A sustainable result (FFO I) of at least €128 million is expected for 2021, and FFO I of at least €140 million for the post-pandemic financial year 2022.

Petra Kucková has become the new Head of Sales and Marketing at Zeitraum. The company has specialized in student housing with a network of private campuses in Prague and has now expanded its business to another segment by launching its first project with serviced rooms and apartments right next to Wenceslas Square in Prague.

Panattoni has completed the shell stage of another huge commission for the e-commerce sector. In Żerniki near Poznań, the developer is building a BTS facility with an area of 105,000 sqm for DHL Supply Chain. The latter company will use the space to carry out the logistics operations, among others, for Zalando required for distribution to several European markets – including Poland and Germany.

Avestus Real Estate has selected the general contractor for the Infinity office building in Wrocław. Comprehensive implementation of the project to be developed at Jana Pawła II Square (at the junction of Legnicka and Nabycińska streets) will be the responsibility of Eiffage Polska Budownictwo S.A. The investment with a total lease area of almost 22,000 sqm is scheduled to be completed in Q1 2023.

The Black Sea Trade and Development Bank (BSTDB) has provided a loan worth €10 million to Garanti BBVA Consumer Finance. The funding will support residential investments in energy improvements and resource efficiency. 

Czech real estate developer and investor Crestyl, together with investment management firm Cornerstone Partners, completed the acquisition of Polish residential developer Budimex Nieruchomości. Budimex Nieruchomości was a subsidiary of Poland's largest construction group, Budimex SA, owned by the Spanish infrastructure giant Ferrovial.