WING has completed the acquisition of the Olympia project from Atenor, adding a property complex of approximately 74,000 sqm to its portfolio on Hungária Boulevard in Budapest. The site comprises an operating office building, a structurally complete building, and additional development plots. WING is preparing to reposition the site for mixed-use purposes, with plans that could include more than 500 apartments alongside existing office space and retail and service functions.

UDI Group has obtained a building permit for the second phase of its Urban Park development in the Husovice district of Brno. The phase will deliver nearly 900 new flats, with construction already under way following the demolition of the former industrial site. The estimated investment for this phase stands at CZK 3 billion.

Roxana Frăţilă, Partner, Head of Real Estate & Construction at CMS Bucharest, talked to Property Forum about the investment growth in secondary cities, the integration of renewables, and the need for robust legal frameworks to support complex urban-regeneration projects.

An urban regeneration project in Stavyshche, Ukraine, will transform a former school building into housing for families displaced by the war. The initiative, called Dvir – the Shared Courtyard, has been designed by Office for Future Landscapes and is being developed by the Charity Foundation Housing for IDP.

Poland has transformed former industrial sites across six cities into some of Europe's most compelling mixed-use destinations, marking the country's evolution from economic catch-up to urban innovation leader, according to a new Urban Land Institute (ULI) report.

Nhood Romania has announced a partnership with Reuben Brothers to transform the former Solventul industrial platform in Timisoara. The 45-hectare site, with a history dating back to 1869, will be converted into a primarily residential area with integrated retail, office, service, and public amenities.

Bucharest continues to lead Romania's transformation of former industrial platforms due to its market scale and high number of available sites. The capital generates the largest volume of land transactions within urban areas, primarily through industrial space conversion, according to Cushman & Wakefield Echinox. Investors increasingly target mixed-use developments integrating retail, office, and residential components.

Prima Development Group has acquired a two-hectare plot adjacent to its new residential project Prima Solis, launched this summer. The transaction worth nearly €4 million will allow the expansion of the complex with approximately 700 apartments.

In 2023, Cordia International sold its 10,000th apartment, a result of nearly two decades of operation. The Hungarian property developer is now planning a major new urban regeneration project in Budapest.

Property developer and investor Prime Kapital has unveiled plans for an urban regeneration project in Cluj-Napoca, on a land plot of 17.1 hectares that previously hosted an industrial platform.