Denisa Gelatková has been appointed the new Managing Director of Blue Assets CZ & SK, replacing Robert Chmelař, who has decided to pursue a career change. Blue Assets, a member of the international real estate group Panattoni, has been managing over 1.5 million sqm of commercial real estate in the Czech Republic.

The Prague City Council has approved the investment preparation of the Project 5 in the Nové Dvory development area, bringing approximately 480 apartments.

Poznań-based company Scallier, specialising in retail project development and management in Poland and Romania, has completed the sale of another commercial property developed in partnership with PKB Inwest Budowa.

Green House Development is building Royal Garden Wilanów, a three-story apartment building in Miasteczko Wilanów surrounded by an 8,000 sqm private park - larger than a full-size football pitch. Construction is progressing on schedule with completion planned for the end of 2026.

Axi Immo, acting as exclusive agent, represented mLeasing in the sale of Dom Dochodowy office and retail property in Warsaw. The buyer is the Generali Fond Realit fund, managed by Generali Investments CEE. Transaction details remain confidential.

Industrial developer VGP has started the construction on VGP Park Bucharest 2, a new industrial and logistics project with a leasable area of around 114,000 sqm.

The local real estate holding company, Meta Estate Trust, has announced its exit from the First Estates Pipera residential project. 

Interest in mortgages in Slovakia is growing rapidly; the record is about to fall, reports index.sme.sk. The continued decline in interest rates and the sharp rise in real estate prices have motivated more and more people interested in housing not to delay their purchase. This is reflected in the growing interest in mortgage loans.

Romanian developer Impact Developer & Contractor has announced a new development strategy for 2026-2034, with a plan to build 7,870 homes across five projects that will have a  gross development value of €1.61 billion.

The sale of the Forum Karlín complex in Prague from the portfolio of the Komerční banka real estate fund is being finalised. The fund is already exclusively negotiating the sale of four of its buildings with individual interested parties who have signed exclusivity, reports seznamzpravy.cz.