Although the vacancy rate for Prague offices has been falling, construction activity has intensified during Q2 2025, with four projects launched, according to a survey by Colliers.

West Group has completed the acquisition of the iResidence residential project in northern Bucharest. The deal was carried out under agreed commercial conditions, with construction activity on site continuing without interruption.

Big Poland has completed the rebranding of its shopping park in Koszalin, which now officially operates under the name Big Koszalin. To mark the occasion, the largest shopping park in the region will host a launch event on 27 August featuring free attractions and a live concert.

Nepi Rockcastle, Europe’s third-largest listed retail real estate company by portfolio value, reported a 12.1% year-on-year increase in net operating income (NOI) in the first half of 2025, reaching €307 million. The company’s investment property portfolio exceeded €8 billion for the first time in its history, supported by acquisitions completed in 2024 and active asset management. Vacancy remained low at 1.6%.

P3 Logistic Parks has completed a built-to-suit warehouse project for DPD Poland at P3 Bydgoszcz Park. The facility, which will be used for local parcel processing, offers 7,117 sqm of warehouse space and 742 sqm of offices.

Two Class A office buildings in Warsaw – Nefryt and Topaz, located on Domaniewska Street – have been sold in a transaction involving a UK-based private equity fund and Resolution Capital Management. Cushman & Wakefield advised one of the buyers and continues to manage the complex, while Colliers represented the seller.

SES Spar European Shopping Centers has started construction of S-Park Varaždin in northwest Croatia. The project, launched on August 18, 2025, will redevelop the historic site of the former Varteks textile factory into a modern retail park scheduled to open in 2027.

In the first half of 2025, Poland’s industrial and logistics real estate market maintained steady growth. Total stock increased by 7% year-on-year to 36.03 million sqm, despite a decline in new supply (1.15 million sqm; -30% YoY) and lower developer activity on new construction starts (1.47 million sqm; -26% YoY). Lease renegotiations rose, pushing gross take-up to 2.95 million sqm (+10% YoY). Rental rates remained stable across most regional markets. Despite macroeconomic uncertainty, the sector continues to attract investors, supported by solid fundamentals and visible acquisition activity. Axi Immo presents these findings in its latest report, “Industrial and logistics market in Poland H1 2025.

Property Forum is excited to announce that nominations are now open for the SEE Property Forum Awards 2025! This is your chance to showcase your or your team’s outstanding projects and gain recognition among industry leaders. To nominate a project, transaction, person, or company, please fill out the nomination form. Nominations will be accepted until September 19th.

Forte Partners has announced that U•Center 3 in Bucharest has received the Access4you Design Gold Pre-Certification, making it the first office project in Romania to achieve this recognition. The certification was awarded just one month after construction began in July 2025 and ensures the project will meet high accessibility standards for people with diverse mobility, visual, hearing and cognitive needs.