CEE, much like the wider European market, continues to experience subdued market sentiment, while Romania remains a positive light in the region, the RICS Commercial Property Monitor for Q1 2023 reveals.

International Workplace Group has announced two new locations in Sofia. This brings their portfolio to fifth workspaces in the capital, seven in Bulgaria. One of the locations is at the European Trade Center and the other is the Regus Labirint Center in the Lyulin district

CPI Property Group and S Immo have signed and completed an agreement regarding the sale and purchase of a property portfolio in the Czech Republic.

Commercial property investment in Romania amounted to €149.6 million in the first quarter of 2023, up by 73% compared to the same period of last year, with the biggest contributions from the industrial and office segments, according to real estate consultancy Crosspoint Real Estate.

Hungarian developer and investor Wing and asset management company Griffin Capital Partners (GCP) have successfully finished the acquisition of the German developer Bauwert AG. 

Despite the general slowdown of investment activity in Europe, properties in Poland remain attractive to both local and foreign investors. Avison Young Poland summarised the current situation in the Polish investment market.

Bulgarian malt producer Malteries Soufflet, one of the world's three leading operators in the malt industry and a subsidiary of the European agricultural group InVivo, will invest €56 million in constructing a new malt plant near the city of Pleven.

One of the biggest transactions of the year in the Czech real estate market is about to take place. Negotiations for the sale of the OC Letňany shopping centre are supposedly ongoing in Prague. After six years, the German owner of the shopping centre is considering selling the property, writes HN.cz, as confirmed by two sources from the Central European M&A market.

Investor NREP wants to take control of property developer 7R. The Scandinavian fund has already acquired another Polish logistics developer, BIK SA, in 2021.

During the first quarter of 2023, the volume of investment in commercial real estate exceeded €477 million, a result that far exceeded initial expectations. The reason for these positive figures is a single large transaction into the retail property portfolio, which accounts for the majority of the total quarterly investment volume. This transaction is the reason why most of the funds in the past quarter went to the retail segment. Domestic investors were the most active last quarter, accounting for an unprecedented 87% of the total, according to Knight Frank's analysis of the Czech commercial real estate market.