Investment incentives across CEE are proving to be a major draw for Research and Development (R&D) and Business Services Sector (BSS) projects, with support reaching up to 70% of qualified costs, according to Colliers' report.
Bucharest has seen a 12% increase in average office fit-out costs in 2024, surpassing €1,000 per sqm, but this level is still among the lowest in capital cities across CEE, according to Cushman & Wakefield Echinox research.
Romania is preparing for a wave of new hotel openings in 2025-2026, solidifying its position as an attractive tourist destination in CEE, according to a report by Colliers.
NEPI Rockcastle says it reached a record-breaking net operating income (NOI) of €556 million during 2024, a 13.2% increase compared to the previous year, over strong retailer sales and resilient consumer demand in CEE.
Industrial developer CTP said its profits reached a fresh high of €1.1 billion during 2024, almost 15% up year-on-year, driven by substantial growth in rental income, leasing activity, and a strong development pipeline.
Western European investors have been the most active buyers of real estate assets in Romania over the past five years, making placements of €1.75 billion, according to data from Cushman & Wakefield Echinox.
Dr. Dániel H. Nagy, Partner and Head of Tax & Legal Services of Forvis Mazars Hungary, talked to Property Forum about the strong points of Hungary’s tax system for real estate investors and the ESG-based trends shaping the CEE property sector.
Arcona Property Fund (APF), a Euronext-listed real estate fund focused on CEE, has purchased a land plot in central Kyiv from AIM London-listed Secure Property Investment and Development (SPDI).
Sirowa Poland has relocated its office in the revitalised mixed-use Centrum Praskie Koneser complex. The international distributor of cosmetic and pharmaceutical brands leased 958 sqm in Building P at the development, in a deal brokered by Savills.
International fashion retailer Primark has opened its fifth Romanian store, spanning 3,185 sqm, at ElectroPutere Mall in Craiova, marking its debut in the country's south-west region. The launch follows a €10 million investment.
Speedwell has secured four new medical tenants for its Paltim mixed-use urban project in Timișoara. Colegiul Medicilor Stomatologi - Filiala Timiș has leased approximately 105 sqm, with an opening scheduled for November 2026. Concurrently, Paul Bold Dental Solutions will open a 143 sqm dental clinic in November 2026. Ophthalmology clinic ArtVision Med & Sofilens Lux has occupied 172 sqm since January 2026. Lastly, Ziva, a dermatology, aesthetics, and gynaecology clinic, has taken 92 sqm and will officially open in July 2026.
New appointments
Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.
BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.
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Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
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