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.

Resi4Rent has announced on LinkedIn that it has secured financing worth PLN 613 million to expand its portfolio of PRS flats. The funds raised will be used to build 2,700 new units in Kraków, Wrocław, Poznań and Gdańsk. 

With EBRD financing, Serbia will expand science and technology parks (STPs) and construct new ones in cities across the country, including Niš, Čačak, Kruševac and Belgrade (in the BIO4 Campus). A sovereign loan of €80 million and accompanying project agreements were signed in Belgrade by the Prime Minister of Serbia, Ana Brnabić, the Minister of Finance, Siniša Mali, and the EBRD Regional Head of the Western Balkans, Matteo Colangeli, as well as directors of existing STPs.

Monia Dobrescu, Partner at Mușat & Asociații, spoke to Property Forum about real estate companies’ growing interest in alternative financing options and Romania’s tax framework for real estate investments.

The Slovak government has approved the Ministry of Economy's proposal to allocate €21 million to prepare three industrial parks in Slovakia through MH Invest.

Avison Young presented the results of the investment market in Poland for the first 5 months of 2023. The volume of closed transactions announced to the public from the beginning of this year to the end of May amounted to only around €800 million, while in 2021 and 2022 in the same period, its value amounted to over twice as much. There were no large transactions, which in the first quarter of 2022 accounted for 75% of the total volume. Many buyers are trying to take advantage of the market situation and are bidding well below property valuations, hoping to get a good deal, but owners are taking their time to sell. Avison Young experts - Paulina Brzeszkiewicz-Kuczyńska (Research and Data Manager) and Marcin Purgal (Senior Director, Investment) - expect that in the second half of this year, the commercial real estate market in Poland will be dominated by opportunistic and value-add assets in every sector.

CA Immo has successfully signed and closed the sale of the Serbian office complex Belgrade Office Park to a domestic investor. With two buildings and an underground car park, the complex comprises approx. 27,200 sqm of total lettable space. The building, which is located close to the city centre, was 97% let as of April 30, 2023, with annualized gross rental income of around €4.4 million.