Alto Real Estate has just announced the winning design for the 15,000 sqm plot located near Bratislava's Old Town, in the Mlynské Nivy – Chalupkova zone, adjacent to Sky Park development. The international architectural-urbanistic competition, conducted in two rounds, has seen seven finalists selected from 38 contenders.

Romanian developer One United Properties recorded a net profit of €89.6 million in 2023, up 8% year-on-year, while its turnover rose by 30% to €306.6 million over higher residential sales and rent income.

In 2023, Central Europe’s commercial real estate market faced a notable decline in investment volumes. Dropping by 55% year on year, the region’s total investment volume accounted for €5.02 billion. Of the six countries surveyed by Cushman & Wakefield, Poland experienced the most significant downturn of 68%, with its share of the total CEE volume also dropping. The highest proportion of the capital went into the office sector, which also recorded the sharpest outward movement in terms of yields. Local and regional investors accounted for two-thirds of the investment transaction volumes, a significant increase from the previous years. Despite challenges, the market demonstrates resilience, particularly in the logistics and residential sectors, spotlighting areas of growth potential.

Industrial demand has shifted from logistics service providers to manufacturing companies. CBRE is reporting a year-on-year increase of 22 percentage points to a 53% share of total demand in the Czech Republic.

Higher borrowing costs and the price gap between buyers' and sellers' expectations are some of the reasons why transaction volumes are significantly below the 10-year average level of ca. €10 billion. This is according to a commercial real estate investment volumes survey by Colliers presented at a February meeting of Czech and Slovak investors and other financial experts.

Although office leasing opportunities are already very limited in Prague, the good news is that Colliers' survey has reported rather stable rental prices throughout the last year.

The Royal Institution of Chartered Surveyors (RICS) is launching a new data list, alongside a thought leadership paper which explores and aids valuers in incorporating ESG into their work.

After an unprecedented rise in interest rates, the CE REIF fund has reassessed the price of real estate in its portfolio. Last year's loss is reaching almost 30%, reports DennikN.sk. It is the first real estate fund in Slovakia that has admitted the problems of commercial real estate.

PropertyTalents is excited to announce its flagship BE Mixer Amsterdam Edition, a premier networking event tailored for the real estate industry's luminaries. Scheduled for 19 February 2024, from 18:00 to 22:00 at the iconic Dickys Grand Café, Gustav Mahlerplein 110, Amsterdam.

Despite the not-very-encouraging forecasts made by experts at the end of 2022, the office market in the Kyiv region in 2023 demonstrated stability and strengthening demand. Iryna Nastych talked to market experts and summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum