As CEE moves into a new phase of the real estate cycle, transaction structures, investor behaviour, and regulatory expectations are shifting at pace. Cross-border capital is gradually returning, domestic investors are taking a stronger role, and ESG-driven obligations are reshaping how deals are structured and executed. Against this backdrop, Dr. Erwin Hanslik MRICS, Partner and CEE Head of Real Estate & Construction at Taylor Wessing, shares his perspective on the most important legal, regulatory and market developments influencing real-estate transactions today.

CEE recorded a 38% increase in real estate investments in the first three quarters of 2025, reaching over €7 billion across six major markets, according to Colliers' latest report.

REICO IS EAM continues its most dynamic year since its foundation, as the REICO Nemovitostní Fund expands its portfolio with a property in the heart of Prague. This marks the largest single-asset transaction ever recorded on the Czech market.

The Czech Republic's commercial real estate investment market is on track for one of its most successful years in history, with transactions worth €2.46 billion completed in the first nine months of 2025, Colliers reports.

LemonTree has completed the sale of the BTS Martes Sport building in Mysłowice to Invesco Real Estate. The facility, located in the Katowice metropolitan area, is a class A warehouse with 51,604 sqm of space.

Goldbach Group has entered a strategic partnership with Hubix, a Romanian investment and management company, securing over €5.3 million to develop four new retail parks under the K2 brand. The partnership combines Goldbach Group's retail park development expertise with Hubix's financing structuring capabilities and private capital attraction through its established investors' community.

The closing panel of SEE Property Forum 2025 in Bucharest, moderated by Victor Constantinescu from Kinstellar, brought together leading local players to assess sentiment, shifting asset preferences, and the practical steps investors must take to navigate the year ahead. The panellists examined where capital is moving, what risks remain most pressing, and how legal, geopolitical, and market dynamics will shape investment decisions across Romania and CEE.

Investment volumes in the Czech commercial real estate market could reach €3.9 billion in 2025, according to a Savills analysis. In Prague alone, commercial properties worth approximately €2.5 billion are currently at various stages of sale - the highest amount of assets offered in the past ten years. The majority of available properties are office buildings and mixed-use properties combining retail and office space. Hotels and industrial or logistics assets represent a smaller share.

Indotek Group is expanding its Western European office network with a new Vienna office. The company has been expanding in Western and Southern Europe for over a decade, and the Austrian office will also serve as the first regional private equity investment centre for the Budapest-based group.

Cloud9, part of Alfa Group's real estate division, has begun construction on the second phase of its Cloud9 Evolution residential project in northern Bucharest. The company is investing €80 million in this phase, part of a total €170 million budget for the entire development.