Swedish furniture brand Ikea has opened an expanded order centre in Mall Galleria, Burgas. It features 140 sqm of retail space, a new kitchen designing studio with a showroom and four additional planning areas.

Romanian investors have made real estate acquisitions worth €1.1 billion in the last 5 years, having a share of 28% in the investment volume recorded in this period, according to a report by Cushman & Wakefield Echinox.

Healthcare buildings developer MEDCITY has purchased a prime building of over 1,000 sqm in the center of Timișoara from fashion group Folli Follie (FF) Group in a transaction brokered by Colliers. The deal marks the company’s expansion of its portfolio of buildings under The Medical Mall concept. 

Penta Real Estate is finishing the construction of the new Motel One hotel in the centre of Prague near Masaryk railway station. According to the development company, the total investment in the hotel, which will be part of the Cloud One Line chain, came to CZK 1.2 billion (€51.2 million) over six years of preparation and construction. The hotel is scheduled to open in the spring of 2024.

Like many CEE investors, Futureal has adopted a wait-and-see policy, but when prices dive further, they are ready to step in if a suitable asset is seen on the horizon. Property Forum asked Gábor Futó, Co-Founder and Co-Owner of the Group about the company's future projects and investment drives in CEE.

A fund of the Generali insurance holding has sold a set of properties in the centre of Prague. The new owners of the individual houses are two companies, a manufacturer of sanitary equipment and a developer. All parties refused to comment on the transactions in detail, writes the online daily Seznamzpravy.cz.

According to speakers of Bratislava Property Forum 2023, many investors are in the price discovery phase, waiting to see what’s next. Nevertheless, during the debate, participants mentioned many inspiring possibilities that could drive investors to the Slovak market.

Billa Bulgaria announced an investment of BGN 28 million (around €14 million) to open 12 new stores in the country and create 250 new jobs.

Adventum Group, which focuses on CEE real estate investments, have completed the fifth acquisition through its Adventum Penta Fund SCA SICAV-RAIF. The fifth acquisition of the fund is the Wola Retro office complex in Warsaw, Poland which was constructed in 2019 by Develia SA.

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.