Paraguay is emerging from relative obscurity as a real estate investment destination, supported by investment-grade ratings, demographic growth and significant unmet demand for housing and modern office space. Fernando de Cevallos, President of Green Paraná, tells Property Forum why European investors should take a closer look at the market, where he sees the strongest opportunities and what he has learnt from more than 15 years of investing in the country.

Organised by the international consultancy BN8 and the country's leading developer Green Paraná, with the collaboration of the Embassy of Paraguay and REDIEX, the Investment and Export Network of Paraguay, the first edition of PREIF 2026 introduces European investors to a market with double investment-grade status, a 10% flat tax and gross yields of up to 10%.

Cordia Romania, a member of Futureal Group, has appointed Concelex as general contractor for Centropolitan, a residential development under construction near Alba Iulia Square in Bucharest. The project represents a continuation of a partnership between the two companies that began with PARCULUI20, a 485-apartment scheme delivered between 2019 and 2023 in the Expoziției area.

tbi bank is expanding its financing of the Somșului 15 residential project in Cluj-Napoca, providing an additional €5 million to bring the total facility to €15 million. The new tranche adds to the €10 million granted in 2025 and is intended to support completion of the development, which is being delivered by Hexagon in the city centre, near the Someș River.

CPI Europe AG has agreed to accept an invitation from its majority shareholder, CPI Property Group S.A. (CPIPG), to explore the possibility of combining CPIPG's retail assets with those controlled by CPI Europe, including assets held through S IMMO AG.

Warsaw-based investor and asset manager Syrena Real Estate has acquired the Renaissance Building, a historic property located on Plac Zbawiciela in Warsaw. The building has a usable area exceeding 7,000 sqm, and the transaction was financed by Bank Pekao SA.

Romanian developer Astorium Construct Investment has secured a €7.5 million financing facility from tbi bank to support the second phase of the Astorium Life residential project in Bucharest.

The European defence sector is undergoing a significant transformation, becoming increasingly diversified, innovation-oriented, and technologically advanced. Supported by defence investments totalling up to €800 billion, this development is directly influencing the geographic distribution of industrial activities and altering the structure of real estate demand across the region, finds a Colliers study.

European investors continue to lead commercial real estate investment across the continent, accounting for 48% of activity in Q1 2026, according to BNP Paribas Real Estate data. American investors follow with 31%, while Asia Pacific investors represent just 7% and Middle Eastern investors 2%.

International law firm Pinsent Masons has opened an office in Warsaw with a team of over 40 people. The new office will handle complex investment projects from the outset, focusing on real estate, infrastructure, construction, mergers and acquisitions, banking and finance, and cross-border matters.