Romanian developer Iulius will start this month a remodelling of its mixed-use project Palas Iași, based on a concept by architecture firm Foster + Partners.

Office fit-out costs in Prague are still competitive despite rising construction costs and higher demand for modern work environments. According to the latest report from Cushman & Wakefield EMEA Fit Out Cost Guide Prague's offer of high-quality office spaces is at more favourable prices compared to other European cities.

Martley Capital has completed the sale of Mazovia Plaza, an office building located in the Praga Północ district of Warsaw. The buyer and the price have not been revealed.

Currently, data centres are one of the most attractive real estate asset classes for investors, according to an analysis by Savills. Investment volumes in this segment have been soaring to new heights, driven by the rapid adoption of AI, cloud computing, and digitalisation across industries. 

Focus Estate Fund has acquired three shopping centers in Poland. The assets' total Gross Leasable Area (GLA) is approximately 46,000 sqm. The value of the transaction has not been disclosed. 

Shares in real estate company GTC were down 8% to PLN 3.99 on the Warsaw Stock Exchange since March 19, while the yield on its euro-denominated bond rose to 13% following financial issues related to its parent company, Optima Befektetesi Zrt.

Construction labour cost and availability have become the primary concerns for real estate developers in Central Europe, according to a new survey by Deloitte. This shift sees it surpassing project financing, which has been the dominant issue in recent years.   

Niro Investment Group has officially opened its luxury boutique hotel Corinthia Grand Hotel du Boulevard Bucharest, following a franchise agreement with the Corinthia hotel chain.

Panattoni is expanding its cooperation with LPP Logistics. The logistics operator from the LPP Group – the largest fashion company in the CEE region – has leased over 18,000 sqm at Panattoni Park Bydgoszcz II.

Office buildings with coworking and serviced offices are more likely to attract tenants. Flexible workspaces are used by corporations, small companies, and start-ups alike, according to Newmark Poland.