Romanian developer Iulius has obtained the urban zoning plan (PUZ) from the local council for a new urban regeneration project in Cluj-Napoca that will have a planned investment of more than €500 million.

Investors originating from Belgium had the biggest share in Romania’s commercial property sector in the first eight months, according to a Fortim Trusted Advisors study. 

The National Highway Company has submitted to the Ministry of Transport of the Slovak Republic a request for the issuance of a certificate of strategic investment for the construction of the D4 highway in the Bratislava-Rača - Bratislava-Záhorská Bystrica section. 

In the first half of 2024, revenues of the MLP Group amounted to PLN 187.7 million (€43.5 million) and the value of investment properties reached PLN 5,057 billion (€1,17 billion).

Panattoni has sold a 37,000 sqm distribution centre in Teresin (Mazovia region) that it developed for the use of Orbico Supply – an FMCG company and a distributor of cosmetics in Europe. The name of the buyer and the value of the transaction were not disclosed.

Eika Real Estate Fund (EREF) has acquired the BIG office in Poland, in the central part of Kraków, which is let to State Street Bank. The fund plans to further expand its investments in logistics, offices and retail parks in Poland. The price has not been revealed.

GTC Group has announced a consolidated net profit of €21.2 million for the second quarter of 2024, marking a significant turnaround from the €23.2 million loss reported during the same period last year. The company’s net profit from operations reached €33.5 million -  a also a significant improvement compared to the €20.9 million loss recorded y-to-y.

Despite persistently high interest rates and geopolitical tensions, growing investor interest - particularly in retail assets - is a sign of stabilization and a forthcoming recovery later in the year, says BNP Paribas Real Estate Poland in its latest report.

Cushman & Wakefield estimates that the commercial real estate investment volume in Poland for the first half of 2024 was €1.76 billion, representing an almost 80% increase compared to the same period in 2023. The investment market is experiencing a revival in the activity of investment funds, including Polish investors, with this year’s total investment volume likely to hit €4 billion.

Emira Property Fund has announced a strategic investment in the Luxembourg-headquartered Polish property developer and investor DL Invest Group. With a €55.5 million investment, Emira has acquired an effective 25% initial stake in DL Invest Group, which has a gross asset value of approximately €730 million and a net asset value prior to Emira’s investment of approximately €278 million. Emira’s equity interest has a face value of €101.5 million.  Emira has also secured the option to acquire a further interest for €45.5 million. If exercised, this second tranche will result in Emira holding 45.0% of the issued shares of DL Invest Group.