This week’s news was dominated by annual financial results and industrial investment activity, alongside signals of tightening conditions in key office markets. Here are the most relevant stories shaping the regional market.
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Chart of the week
In 2025, the Polish commercial real estate investment market showed strong resilience, recording €4 billion in transactions and nearly doubling 2023 volumes, data by BNP Paribas Real Estate Poland shows. Despite a challenging geopolitical backdrop, it operated with notable consistency, supported by active domestic capital and a high share of smaller transactions that kept liquidity healthy. A notable shift in 2025 was the arrival of new international players, including several French institutional investors, broadening the base of cross-border capital.
NEPI Rockcastle reports 11% increase in NOI
One of the region’s largest retail landlords reported an 11% increase in net operating income to €618 million in 2025, alongside higher distributable earnings. The figures suggest that dominant shopping centre portfolios across central and eastern Europe continue to generate stable cash flow despite a challenging macro backdrop.
CTP delivers record leasing and double-digit income growth
Industrial developer CTP posted a 14.4% rise in gross rental income in 2025, supported by record leasing volumes and positive rental growth. The results reinforce the position of logistics as the strongest performing asset class in the region.
Read more: https://www.property-forum.eu/news/ctp-leases-record-233-million-sqm-last-year/21206
Hungarian investor expands into Polish logistics
Hungarian-listed investor Appeninn acquired the Goodyear logistics centre in Tarnów, Poland, adding more than 56,000 sqm of income-producing warehouse space to its portfolio. The deal underlines continued cross-border appetite for stabilised industrial assets.
Read more: https://www.property-forum.eu/news/appeninn-acquires-goodyear-logistics-centre-in-poland/21187
Polish industrial refinancing highlights lender confidence
European Logistics Investment secured €136 million in bank financing to refinance and consolidate its Polish logistics portfolio. The transaction points to ongoing lender appetite for well-performing industrial assets.
Major office markets show tightening conditions
Prague’s office market is experiencing one of the tightest supply situations since 2020, with vacancy dropping below 6 per cent amid limited new deliveries, while Romania's largest domestic coworking and flexible office network saw occupancy rise to 85% in 2025 as hybrid work patterns strengthen demand for adaptable spaces. Taken together, these trends indicate a cautious recovery in office demand in primary urban centres.
Read more (Prague): https://www.property-forum.eu/news/prague-office-market-faces-supply-crunch-in-2026/20651
Read more (Bucharest): https://www.property-forum.eu/news/aspace-sees-85-occupancy-for-bucharest-flex-offices-in-2025/21202
Czech investment market enters 2026 with strong pipeline
The Czech commercial property market started the year with a transaction pipeline of around €3 billion, following a robust 2025. Investor interest remains focused on core assets in stable central European markets.
Read more: https://www.property-forum.eu/news/czech-transaction-pipeline-at-eur3-billion-in-early-2026/21204
Romanian hotels record strongest year in three decades
Romania’s hotel market achieved its highest level of overnight stays in 30 years in 2025, driven largely by foreign visitors. The numbers point to sustained recovery and resilience in the hospitality segment.
Read more: https://www.property-forum.eu/news/romanian-hotel-industry-hits-record-stays-in-2025/20651
