Romanian developer Iulius has successfully secured LEED Operations and Maintenance Platinum certification for five of its retail and office projects across four Romanian cities.

Rădăcini Estate, the real estate division of Rădăcini Grup, is set to develop a modern retail park in the Chitila area. This project, a partnership with general contractor ImoSteel, represents an investment of nearly €8 million.

Urbano Group has secured construction permits for the first phase of a commercial park in Transylvania, backed by an investment exceeding €100 million.  

Romanian property holding Meta Estate Trust is investing around €2 million in the Cioplani retail park located near Bucharest.

BHM group has completed the sale of its ten Polish retail parks to Czech investment company Reticulum, whose real estate and development group MY Park has been currently owning, co-owning, and managing shopping centres in the Czech Republic and Slovakia.

Generali Adriatic Value Fund has sold the Arkadia shopping centre, located in Domžale, northeast of Ljubljana, Slovenia, to SES Spar European Shopping Centers, for an undisclosed sum.

After several years of financially demanding renovation, the five-star Fairmont Golden Prague hotel, formerly InterContinental, has opened, reports newstream.cz.

The sale of Prague’s Palladium is entering the final stages. According to two independent sources, the first bids have been submitted lately, reports Seznamzpravy.cz. And three finalists have emerged from them. 

The Hungarian government has submitted for public consultation a proposal to amend the regulation commonly referred to as the “mall stop” (Government Decree No. 143/2018 (VIII.13.)), which governs the operation of commercial units larger than 400 sqm. The consultation period closed on 10 June. Legal experts from international law firm Taylor Wessing have analysed the potential implications of the proposed changes.

M Core has significantly expanded its retail portfolio with over €150 million in strategic investments over the past six months and has an active pipeline exceeding €200 million in projected developments over the next two years.