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The European real estate industry has shifted from cautious optimism to pragmatism as geopolitical and economic uncertainty continues to temper investment activity, according to the latest report by PwC and the Urban Land Institute.

Penta Real Estate has attracted Alto Real Estate as a minority partner in its Chalupkova project in Bratislava through a joint venture arrangement. Alto will hold a 49% stake while Penta retains management control over the development and construction.

Globalworth has renewed its Access4you certification for all 16 office buildings in its Romanian portfolio, totaling almost 500,000 sqm. The recertification, conducted with consultancy services from Colliers, marks the second three-year certification cycle for the leading office investor in CEE.

Wing Group has signed an agreement with GTC to purchase a development site at 173-177 Váci Road in Budapest, covering more than 2.1 hectares. The company plans to build approximately 470 apartments and a 23,000 sqm office building as part of a mixed-use project on Hungary's largest office market area.

The Vinohradská 8 project, jointly prepared by Penta Real Estate and PSN, has received a zoning permit. Just a few steps from Wenceslas Square in Prague, a mixed-use development is designed, including housing, office space, and new shops and restaurants.

Sorin Macoveiu, Commercial Manager at Vastint Romania, talked to Property Forum about the company’s ongoing expansion of its Timpuri Noi Square complex in Bucharest and the trends shaping office demand going into 2026.  

According to the latest Savills report, the supply of modern office space in Poland's eight largest regional cities reached 6.73 million sqm. While the market shows signs of stabilisation, new supply has slowed significantly. Between January and September, only 18,000 sqm of office space was delivered - 76% less than in the same period of 2024.

Amundi has sold the mixed-use space Forum Karlín and the Prague Ibis hotel to Patria, a part of ČSOB, reports seznamzpravy.cz.

Finding a vacant space in the highest-quality office buildings in central Prague has proven to be a mission impossible. According to Savills’ analysis, vacancy in AAA properties has consistently remained at zero.

The Idea Office Building in the Smíchov quarter of Prague, part of the NEMO real estate fund, has undergone a significant transformation, welcoming new commercial and diplomatic tenants.