At the recent CEE Property Financing Update 2025, with Agata Jurek-Zbrojska, Partner and Head of Real Estate and Construction at CMS Poland, moderating the discussion, Renata McCabe Kudla (Grupo Lar Poland), Bartłomiej Oset (NDI Development), and Waldemar Wasiluk (Victoria Dom) explored the evolving landscape of residential real estate investment in Poland. The conversation revealed a landscape shaped by sharp increases in development costs, shifting demand, and regulatory complexity.

Lease agreements for retail parks in Poland increasingly feature solutions that differ from classic Triple Net Lease agreements, particularly regarding operating cost settlement and responsibility division between parties. These trends are reshaping relationships between investors and tenants while responding to growing market expectations, explain Dominik Rafałko, Partner and Paweł Śliwka, Senior Associate at CMS Poland.

Accolade is expanding into South Bohemia with the acquisition of GARBE Park České Budějovice from GARBE Industrial Real Estate.

NE Property BV, part of the NEPI Rockcastle Group, has obtained a €190 million sustainability-linked revolving credit facility from a banking consortium in Romania.

REICO Long Lease, an open-ended mutual fund managed by REICO Investment Company of Erste Asset Management, has added another logistics property in Poland to its portfolio. 

CA Immo has completed its strategic withdrawal from the Serbian market with the sale of the Sava Business Center in Belgrade for an undisclosed sum.  

As commercial real estate evolves to meet sustainability goals, rooftop solar systems are becoming a key solution for property owners and tenants alike. With the increasing demand for energy efficiency and the push toward decarbonization, rooftop solar solutions offer significant environmental, economic, and strategic benefits for the real estate sector. The new report "Harnessing Your Rooftop: A Guide to Photovoltaic Projects in Commercial Buildings in CEE", released by CBRE and CMS, provides an analysis of the opportunities and challenges associated with rooftop solar installations across the CEE region.

Roxana Frățilă, Partner, Head of Real Estate & Construction at CMS, spoke to Property Forum about the key deals closed in the retail market in 2023 and accelerating investment in renewable energy.

International law firm CMS has bolstered its real estate and construction practice with the addition of a team of 10 lawyers in Poland. CMS will be joined by three respected partners, each with many years of experience and an established market reputation: Agata Jurek-Zbrojska, Małgorzata Madej-Balcerowska, and Dominik Rafałko. Agata Jurek-Zbrojska will head CMS’s real estate and construction practice in Poland, which she will manage in close co-operation with partners Lidia Dziurzyńska-Leipert – who leads international development for CEE Real Estate, Michał Mieciński, Małgorzata Madej-Balcerowska, and Dominik Rafałko.

The I&L sector in the CEE-17 has become one of the most sought-after asset types since 2019, after offices and residential according to Colliers International, CMS and Randstad. The report revealed that some of the key challenges in this sector include the availability of land and property in locations that meet both the developers and end-user expectations, along with the availability and reliability of utilities, connectivity to transport infrastructure, the availability and skills of the labour pool, and access to investment incentives.