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At their recent session, the Prague councillors agreed to the amendment of the zoning master plan concerning the space of railway tracks of the Main Railway Station. The possibility of construction in this important city location has not been defined at all so far. With this step, the city is planning to retain full control over future construction.

Michał Białas, the current Chief Business Development Officer and member of 7R's Board of Directors and Chris Zeuner, the current Chief Investment Officer assumed the positions of co-CEO on 19th June 2024. They replace Tomasz Lubowiecki, founder and current CEO of 7R. The new CEOs will manage in a partnership model, focusing on different business areas in line with their experience.

According to a panel on the future of investments, held at the Future of Real Estate 2024 conference in Warsaw this month, the office industry in Poland is far from blooming but is slowly regaining investor interest. The event was co-organized by Property Forum and RICS.

The European Bank for Reconstruction and Development (EBRD) has invested PLN 43 million (€10 million equivalent) in bonds issued by Dekpol S.A, a Polish manufacturing and construction group.

International investment and development group AFI Europe and Czech developer Finep have announced two signed transactions adding more than 800 apartments in two different locations to the Prague rental housing market over the next three years.

Immofinanz has completed the sale of three office buildings in Warsaw to Echo Investment Group. The transaction price amounts to €28.5 million.

The city of Prague is buying the company VN 42, owning an office building on the corner of Wenceslas Square and Štěpánské Street, from Komerční Banka, reports E15.cz. The municipality is planning to move employees from the Škoda Palace in Jungmannova Street, leased until the end of March 2028.

We are approaching the halfway point of 2024. Before the semi-annual investment market reports are released, Avison Young is sharing the current insights on the Polish investment market. 

Skanska has sold the Nowy Rynek E office building constructed in the Wilda district of Poznań, Poland. The buyer is Eastnine AB, a Swedish real estate company focused on office premises in prime locations at selected markets in the Baltics and Poland. This is the second transaction between these two parties in Central and Eastern Europe. 

A retail park in Bielsko-Biała, which is being built on the site of a Tesco shop on Warszawska Street, has a new owner. Redkom Development, responsible for the construction and commercialisation of the facility, sold the project to Newgate Investment, a company specializing in managing the value of retail properties, especially retail parks. The price has not been disclosed.