Romania’s commercial property sector recorded investment transactions of €418 million in H1 2024, up 131% year-on-year, marking the biggest volume growth across CEE, according to Cushman & Wakefield Echinox. 

Revetas Group has announced the sale of TriGranit to DRFG Investment Group for an undisclosed sum. TriGranit has over two decades of operations and has completed nearly 50 landmark projects, adding 1.7 million sqm of leasable area across seven countries in the region. 

iO Partners has provided development management services for a 126 MW solar farm in Văcărești locality, Dâmbovița County. 

The 13th edition of the JLL Charity Beach Volleyball Tournament - starts today. 64 teams will play at the Monta Beach Volley Club in Warsaw to raise funds for charity. The entire amount raised during the event will, for the second time, be used to support the construction of the Ronald McDonald House at the "Pomnik - Centrum Zdrowia Dziecka" Institute. Property Forum is a Media Partner of the event. 

InteRo Property Development, owned by the Canadian Topolinski investors family, has kicked off the construction of a new mixed-use project in Bucharest with a valuation of €1 billion. 

Equilis and Acteeum have sold the Silwana retail park in Gorzów Wielkopolski to Big Polska. The asset was sold for €40 million, which makes it one of the highest transactions in the Polish commercial property market this year.

At the end of the first half of 2024, the investment market rebounded, reaching a transaction volume of €1.8 billion, which is double the year-over-year value. In the office market, several transactions finally appeared in regional cities, and in the retail sector, the largest transaction since Q1 2022 was finalized. The warehouse sector, on the other hand, is still waiting for large transactions. Hotels are enjoying increased popularity, and in the residential segment, 5 transactions were closed in Warsaw, says Avison Young.

The last two years have not been the best for the European real estate market, including in Poland. However, it seems that the worst is behind us. This is confirmed by the growing interest in Poland from foreign investors. This also applies to investors from the UK, who can still effectively diversify their portfolios on the Polish real estate market. Szymon Mojzesowicz, Member of the Royal Institution of Chartered Surveyors shared his insights on the topic. 

The board of real estate group Immofinanz has approved a framework with CPI Property Group (CPIPG), which holds 75% of the company, which paves the way for future consolidation of the two groups.

Precordia Capital and Septyma have become holders of 66% of shares in the convenience retail park Street Mall Vis à Vis Wilanów located on ul. Przyczółkowska 219 in Warsaw. They acquired the shares from Capital Park Sp. z o.o. The value of the deal has not been disclosed.