Baltic investors are becoming increasingly active in the Polish real estate market, reflecting a search for larger and more liquid investment environments than those available in their home markets. At the same time, pricing expectations, liquidity conditions and asset management opportunities in Estonia, Latvia and Lithuania continue to shape how investors approach expansion and portfolio allocation across the region. Property Forum reports from the Nordic Real Estate Forum 2026, organised in Tallinn.

Skanska Commercial Development Europe has received an occupancy permit for Studio A, the second phase of its Studio office complex in Warsaw. By the end of 2025, the building had already leased over 20,000 sqm of space.

Skanska has sold the second building of the Equilibrium office complex in Bucharest to Magyar Posta Takarék Real Estate Investment Fund (MPTIA), a public real estate fund managed by Gránit Asset Management.

In a video interview recorded at CEE Property Forum 2025 in Vienna, Adrian Karczewicz, Head of Divestments CEE at Skanska, shares his outlook on the office market for the year ahead. He explains why investor focus is shifting from yield compression to rental growth, highlights where supply constraints are strongest, and outlines how exit dynamics are evolving across Central Europe.

Skanska has agreed to sell the Port7 office complex in Prague's Holešovice district to AFI Group, in a deal worth CZK 3.16 billion (approximately €130 million).

Skanska has sold the second phase of Wrocław's Centrum Południe office complex to Investika Real Estate Fund in joint venture with Bud Holdings for €62 million. The deal marks Investika's second acquisition from the developer after P180 in Warsaw.

Skanska has begun construction of Nowy Rynek C, the final part of a modern office complex in central Poznań. The building will be Poland's first commercial office building with net-zero CO₂ emissions at operational level and will be completely independent from the city's district heating network.

Skanska has leased the entire second phase of its H2Offices development project in Budapest while still under construction. Work began on the second building of the three-phase complex on Váci út in Q4 2024, with concrete structures now reaching the second floor level of the existing building. When completed, the second building will offer over 22,000 sqm of office space.

Romania's commercial real estate market recorded a total transaction volume of €386 million in H1 2025, down 7.4% compared to the same period last year, according to iO Partners.

Skanska is redefining demolition with its “remolition” project. Mercury, the future development by Skanska in Prague’s Holešovice, is designed to minimise its carbon footprint throughout its lifecycle.