The office market in Central and Eastern Europe shows signs of solid growth and recovery, supported by the region's strong economic fundamentals and rising investor confidence, say experts from JLL and iO Partners in their latest report.

BIG Poland has announced the acquisition of Power Park Olsztyn, a shopping centre located in the southern part of Olsztyn (northern Poland). The seller was EPP. The value of the transaction has not been revealed.

Pan-European property investment conglomerate Indotek Group has announced the appointment of Florian Nowotny as Group CFO as of early March.

Quadra Underwriting, a multi-agent insurance company, has announced the expansion of its operations and service capabilities across Europe in cooperation with Aviva plc, one of the UK’s leading insurance providers.   

Kinga Baran, Partner and Head of Tax Advisory Services at Forvis Mazars Polska, talked to Property Forum about the tax environment in the Polish property market, ESG awareness among her clients and the development plans for coming months.

Amundi Czech Republic has announced the sale of the office building The Square, directly above the Budějovická metro station in Prague. The new owner is Mint Investments.

The Realia Fund Sicav has been focusing on investments in regional retail parks. It has now announced the results for 2024. Since its inception in 2020, the fund has achieved an average annual appreciation of 9.91% p.a.

The European luxury retail market experienced more moderate growth in 2024, following the significant advances in the post-pandemic period. Within this context, Romania stands out as a market with significant development potential in this segment, although the availability of suitable retail spaces presents a challenge, according to a Cushman & Wakefield report.

In 2024, the Echo Investment Group took further steps to diversify its portfolio and strengthen its growth strategy. By the end of the year, the Group maintained a cash reserve of PLN 366 million (ca €87 million), while the total value of its assets exceeded PLN 6.77 billion (ca. €1.6 billion). 

Panattoni has secured €74.5 million in financing from PKO Bank Polski. The loan will support the development of Wrocław Campus 2 – one of the developer’s largest investments in Lower Silesia (southern Poland).