Romania's hospitality industry recorded a 19% increase in turnover in the first half of 2025, the third largest advance in the European Union after Greece (35%) and Hungary (22%), according to Eurostat data cited by Colliers. Rising room rates have pushed local pricing into line with established CEE markets such as Poland and the Czech Republic, even though the number of overnight stays in hotels almost stagnated, with an increase of less than 4%.

GTC has priced €455 million senior secured notes due 2030 with a coupon of 6.50% per annum. The transaction was oversubscribed and attracted international institutional investors and Polish funds, including both existing noteholders and new investors.

AG Capital has appointed Pavlin Petkov as CEO. Petkov brings over 25 years of international experience across the US, Western and Eastern Europe in private equity, insurance, banking, and pension fund management.

Property Forum is proud to launch the third edition of its annual list spotlighting the 50 most influential people in Polish real estate—a recognition of outstanding leadership, innovation and impact across these two dynamic markets. The publication, along with all other editions from across CEE, is now available on the Property Forum website.

Cavatina Holding has signed a €270 million credit agreement with a consortium of European banks, in what it says is the largest office portfolio refinancing transaction in the history of Poland’s regional markets. The company announced the deal on LinkedIn.

Stoneweg Europe Stapled Trust (SERT) has completed the sale of Arkońska Business Park in Gdańsk for €7.8 million. The 11,000 sqm modern office complex was marketed with Savills Poland and JLL as co-exclusive sales agents.

HB Reavis has completed a €510 million refinancing of Varso Place, its flagship Warsaw development, with two new banks joining the credit consortium. The financing increased by €35 million from the previous €475 million loan on improved terms.

P3 Logistic Parks is expanding its presence in Blonie near Warsaw after acquiring an 8.8-hectare plot adjacent to its existing P3 Blonie park. The company will construct a new facility with 41,391 sqm of total leasable area, comprising 39,420 sqm of warehouse space and 1,971 sqm of offices.

Lease agreements for retail parks in Poland increasingly feature solutions that differ from classic Triple Net Lease agreements, particularly regarding operating cost settlement and responsibility division between parties. These trends are reshaping relationships between investors and tenants while responding to growing market expectations, explain Dominik Rafałko, Partner and Paweł Śliwka, Senior Associate at CMS Poland.

Panattoni has completed the sale of Panattoni Park Rzeszów North, a 90,000 sqm logistics complex in Poland, to pan-European asset management firm Arete Investment Group for close to €60 million. The facility is fully leased and consists of two class A buildings completed in early 2023.