Hotels are attracting growing interest from investors across CEE as strong operating performance and rising travel demand improve the sector’s fundamentals. At the same time, liquidity in prime markets and the emergence of new buyer groups are reshaping how hospitality fits within broader real estate portfolios. In an interview with Property Forum, Jakub Stanislav, Head of Investment Properties and Head of CEE Hotels at CBRE Czech Republic, discusses the outlook for hotel investment in 2026, the role of local capital in major transactions and which markets are likely to attract the most attention from investors.

Czech investment company ZDR Investments has completed two acquisitions on the Austrian market for its qualified investor fund Zdr Fki. The company acquired the PRO shopping centre in Linz's Urfahr district and Amstetten West retail park in the Mostviertel region for a combined value of €50 million.

Shopper Park Plus' successful capital raise covering approximately 50% of the transaction value has enabled the acquisition of a strategic portfolio of eight Auchan hypermarket anchored assets across Poland, with the remaining amount financed through a loan facility signed with Aareal Bank AG last week, marking a significant milestone in the company’s continued expansion within food-anchored retail real estate. The favourable financing terms further enhance the portfolio’s strong cash-flow generating capacity and support SPP’s intention of increasing dividend per share in the future.

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Gránit Asset Management is pursuing a focused investment strategy across a corridor of Central and Eastern European capitals. In this interview, Álmos Mikesy, CEO of Gránit Asset Management, explains the thinking behind the firm’s “5B Strategy”, why high-quality offices remain a core part of the portfolio and where the company sees the best entry opportunities as the regional real estate cycle begins to shift.

Baltic investors are becoming increasingly active in the Polish real estate market, reflecting a search for larger and more liquid investment environments than those available in their home markets. At the same time, pricing expectations, liquidity conditions and asset management opportunities in Estonia, Latvia and Lithuania continue to shape how investors approach expansion and portfolio allocation across the region. Property Forum reports from the Nordic Real Estate Forum 2026, organised in Tallinn.

This week’s news was dominated by annual financial results and industrial investment activity, alongside signals of tightening conditions in key office markets. Here are the most relevant stories shaping the regional market.

Stoneweg has completed three lease regears totalling 17,000 sqm across its industrial portfolio in the Czech Republic on behalf of Stoneweg European Real Estate Investment Trust (Sert). The leases were agreed in line with the previous passing rent.

Industrial developer CTP recorded gross rental income of €759.8 million in 2025, up 14.4% year-on-year with like-for-like rental growth of 4.5%.

NEPI Rockcastle, the largest owner of shopping centres in CEE, said its net operating income rose 11.2% year-on-year to a record €618 million in 2025, while the distributable earnings increased 6.7% to €441 million.