Over the last two and a half decades, a lot has changed in the Hungarian real estate market. Spectacular investments have shaped the image of the capital, while the modern real estate market as we know it today has gradually emerged. The biggest players were already present in the late 90s, including WING, which is 25 years old this year. During this time, the group has undergone dynamic changes, reflected not only in its developments in Budapest but also in its presence on international markets. We talked to Noah Steinberg, CEO of WING Group and Chairman of the Supervisory Boards of Echo Investment in Poland and Bauwert in Germany, about the main challenges of the past 25 years, the strategy that has been most effective in addressing them and the plans the group has for the next 25 years.

Developer AFI Europe is launching a new coworking centre on the ground floor of the AFI Home Kolbenova 1 rental residence in the AFI City district in Vysočany, Prague 9. Coworking spaces as part of the rental project are among the developer's domestic innovations.

The Metropolitan Warszawa office building reported that 18,000 sqm of new lease agreements and extensions had been signed. Leases include blue-chip tenants such as HP, LCP Properties, Green Holding Group and others including a leading global consulting firm and a world leader in the energy and chemical sectors.

Romanian industrial developer Global Vision has launched a new technology and innovation division, with a strategic aim of implementing custom AI solutions across its portfolio of real estate and green energy projects. 

The Prague City Council has approved the next step in the investment preparation of the mixed-use project at the corner of Durychova and Libušská Streets in Prague 4. The development managed by Pražská Developerská Společnost (PDS) is in the centre of the new city district Nové Dvory and above the new subway station on line D. 

Santander Bank Polska, one of the largest financial groups and the largest bank with private capital in Poland, has become an anchor tenant of The Bridge, which is being built in the business center of Warsaw. The bank has signed a lease agreement with the developer and investor of the building – Ghelamco – for an area of approximately 24,500 sqm (nearly 21,000 sqm of usable area). This is the largest transaction on the Polish office market since 2022.

Property group NEPI Rockcastle has priced a green €500 million unsecured long 7-year Eurobond maturing in January 2032 through its subsidiary NE Property. 

Companies from PKP Group – PKP S.A. and Xcity Investment – and from Ghelamco Group are resuming cooperation that was interrupted years ago. An annexe to the investment agreement has been signed, which will enable the resumption of preparations for large-scale joint investment. It will include the construction of a new Warszawa Gdańska railway station and a complex of four mixed-use commercial buildings with an estimated total area of about 100,000 sqm.

Karimpol Polska has secured financing of €50 million from Bank Pekao S.A. for the second phase of Skyliner investment at Rondo Daszyńskiego in Warsaw. This marks another collaboration between the investor and the bank, which also financed the construction of the first tower of the complex.

iO Partners, a JLL Preferred Partner, has teamed up with Bright Spaces proptech to provide its clients with a 3D space planning tool.