The commercial real estate investment market across six Central and Eastern European countries recorded transaction volumes of €5.8 billion in the first half of 2026, according to analysis published by Colliers. The figure represents a notable improvement on recent years and signals a recovery in investor confidence across the region, though capital continues to flow selectively into assets with stable income generation, strong ESG performance and a competitive market position.

NEPI Rockcastle has acquired MegaPark Barakaldo, a shopping and leisure complex in Bilbao, Spain, from Le Retail Hiper Ondara S.L.U., part of HLRE Socimi, for a cash consideration of €252 million net (gross purchase consideration of €254 million). The deal marks the company's first investment outside Central and Eastern Europe (CEE), where it operates shopping centres across eight countries.

NEPI Rockcastle has signed a €250 million green term loan facility with the European Bank for Reconstruction and Development (EBRD). The facility is senior unsecured, matures in 2034, and is fully committed and available for drawdown until the end of March 2027. It is dedicated entirely to green investment across the company's Central and Eastern European (CEE) portfolio.

Alimentation Couche-Tard has announced a voluntary tender offer to acquire all issued and outstanding shares of Żabka Group, Poland's largest convenience retailer listed on the Warsaw Stock Exchange. The offer, to be made through its wholly owned subsidiary Circle K Polska sp. z.o.o., is priced at PLN 32.00 (equivalent of US$8.48) per share, representing a total equity value of approximately PLN 32.62 billion (equivalent of US$8.6 billion). The transaction, which Couche-Tard describes as the largest in its history, is expected to complete no later than December 2026, subject to regulatory approvals.

An investor club composed mainly of Estonian investors has acquired 100% of shares in EfTEN Domina SIA, the company that owns Domina Shopping Center in Riga, from EfTEN Kinnisvarafond II AS. Following the transaction, a Latvian subsidiary of EfTEN Capital AS will continue to manage the centre. The financial terms were not disclosed.

Apsys has completed the acquisition of 3 Stawy Shopping Centre in Katowice from a fund managed by Union Investment. The retail property offers 38,600 sqm of gross leasable area and recorded an occupancy rate of 97.1% at the end of May 2026. Dentons acted as legal counsel and PwC as financial adviser to Apsys throughout the transaction.

Hungary-based investor Appeninn Nyrt. has completed the acquisition of a retail portfolio from Polish company Dekada S.A., comprising eleven commercial properties across Poland with a combined leasable area of approximately 53,000 sqm. The portfolio consists of seven retail parks and four shopping centres located in Brodnica, Ciechanów, Grojec, Kraków, Myślenice, Olsztyn, Nowy Targ, Malbork, Sieradz, Skierniewice and Żyrardów. The transaction, valued at over €100 million, was financed through a combination of Appeninn's own funds and debt financing from Austria's Erste Group Bank AG. The exact purchase price has not been disclosed.

Eika Real Estate Fund (EREF), managed by Eika Asset Management, has acquired its first office property in Poland, the Komandorska 12 business centre in Wrocław. The move expands the fund's commercial real estate portfolio across Central and Eastern Europe.

WING has completed the acquisition of the Olympia project from Atenor, adding a property complex of approximately 74,000 sqm to its portfolio on Hungária Boulevard in Budapest. The site comprises an operating office building, a structurally complete building, and additional development plots. WING is preparing to reposition the site for mixed-use purposes, with plans that could include more than 500 apartments alongside existing office space and retail and service functions.

Warsaw-based investor and asset manager Syrena Real Estate has acquired the Renaissance Building, a historic property located on Plac Zbawiciela in Warsaw. The building has a usable area exceeding 7,000 sqm, and the transaction was financed by Bank Pekao SA.