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The Pardubice Retail Fund has completed the largest Czech real estate deal so far this year involving a single building worth over €100 million. The value of the acquisition of the retail landmark in Pardubice has reached almost €124 million, Seznam.cz reports.

Local company Glavbolgarstroy is building a new residential project named Ѕmаrt Тоwеr іn thе nеw buѕіnеѕѕ сеntre оf Ѕоfіа, іn thе аrеа оf Нlаdіlnіkа, nехt tо Раrаdіѕе Mall аnd Ѕоuth Раrk.

The first commercial park in northern Bulgaria is being built in Ruse next to the sports hall OZK Arena. There is around nine mоnthѕ left until the opening and some оf thе tеnаntѕ аrе аlrеаdу knоwn, lосаl mеdіа rероrts.

Despite the pandemic, travellers and businesses have seen several large-scale real estate-related developments at Liszt Ferenc International Airport in Budapest during the past few years. There will be more huge investments over the coming years. Property Forum asked Rene Droese, Chief Development Officer about each of them, including reopening Terminal 1 and preparations for a new Terminal 3.

Local real estate developer Redport Capital, founded by Cosmin Savu-Cristescu, has announced the completion of 127 apartments in The Level Apartments project and the construction start for the new phase of the complex located in the Străulești area of northern Bucharest. 

Accolade Group has announced the acquisition of a majority stake in the Karlovarská Business Park complex near Prague Airport from Czech real estate fund Conseq realitní. Accolade is now 100% the owner of this complex. Both parties have decided not to disclose the amount of the transaction, which was brokered by CBRE.

Turbo Garant, the Bulgarian subsidiary of Belgium's Turbos Hoet Group, opened a remanufactured turbocharger plant near Sofia on June 15th, an investment project worth €2.8 million, the company said in a press release.

Wood is a building material that experts believe has a great future for many reasons. Firstly, it plays a significant role as a renewable material it is also a key in mixed-use buildings and contributes significantly to ESG or carbon neutrality targets. Thus, the demand for wooden buildings and prefabricated wooden products is not decreasing, quite the opposite, says Martin Skalický, Chairman of the Advisory Board at Progresus Invest Holding in an interview with Property Forum.

Bulgarian retail group Videolux Holding has opened a retail park in the city of Pernik following an investment of some €20.45 million, the company announced in a press release,

CPI Property Group has announced the acquisition of a 25% stake in CleverPower. The company focuses on corporate energy self-sufficiency and electromobility and also operates the Chargee charging platform. By 2030, they will build up to three thousand new charging points not only in the Czech Republic, CPI Property Group announced today.