Romania has elected a new president in a landmark vote, with independent and pro-European candidate Nicușor Dan defeating far-right rival George Simion with 54% of the vote. The result marks a major political shift, as neither of Romania’s traditional parties advanced to the final round. In Poland, the second round of the election is to take place amidst the fiscal clarity issues.

CA Immo completed the sale of the IP West office building in Budapest. The buyer is BYD, a Chinese company that develops and manufactures rechargeable batteries, electric vehicles, rail transit systems, and other new energy technologies, as confirmed by Colliers. The agency represented the buyer in the transaction and provided project management services. The sale was also supported by CBRE and CERHA HEMPEL Rechtsanwälte.

Syrena Real Estate, a Polish commercial real estate investment company, has acquired the Zaułek Piękna office building located in the heart of Warsaw's Śródmieście district from Manova Partners. The purchase was co-financed by mBank. The price has not been disclosed.

Alto Real Estate has secured financing for its flagship project in Bratislava. The developer has announced the successful signing of a loan agreement to secure financing for the SKY PARK Tower project, the latest work of the world-renowned architectural studio Zaha Hadid Architects in Slovakia.

In the first quarter of 2025, Poland’s retail leasing market stabilized and the retail sector saw a notable rebound in investment transactions, with the best first-quarter performance in three years. According to Cushman & Wakefield, growing investor appetite is leading to a gradual improvement in financing availability, signalling a further increase in investment market activity.

The 2024 results signalled a return to stability in Poland’s real estate market, accompanied by a renewed sense of optimism. Total transaction volume more than doubled compared to 2023, reflecting a strong resurgence in market activity. This positive momentum is expected to continue into 2025, supported by anticipated interest rate cuts, improved liquidity, and the emergence of numerous new opportunities across all real estate segments, says Avison Young. 

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Czech development company Concens Investments has changed its brand name to Gridarch and registered office in connection with its growth. 

Develia has signed a preliminary agreement to acquire 100% of shares in Bouygues Immobilier Polska, the  Polish branch of Bouygues Immobilier, a property developer in France. The price set in the preliminary agreement is €66.5 million (approx. PLN 283.6 million). The acquisition will allow Develia to increase the number of residential units under development and enhance the growth potential of its land bank in Warsaw, Poznań, and Wrocław.

CPI Property Group has sold another hotel on Prague's Wenceslas Square, reports SeznamZprávy.cz. After the Juliš Hotel, this is the building that houses the Ramada Hotel and the largest Central European bookstore.