The northern part of Bucharest is popular among investors due to the attractive yields that can be generated by residential projects.

The construction industry in SEE-based countries is in the recovery phase and could reach a new peak by 2026, while some countries in Eastern Europe have cooling activity in this sector, according to a report by the Eastern European Construction Forecasting Association (EECFA).

Aleksandra Mazzini, COO of Sierra Balmain Asset Management, talked to Property Forum about the current popularity of retail parks, the ongoing transformation of the retail sector and the point, where ESG and AI meet together.

The transformation of the so-called Pentagon in Palmovka district in Prague 8 has moved closer to reality. The Prague city deputies have approved a change to the city master plan this week, enabling the coordinated urban development of this area.

Cushman & Wakefield Slovakia has announced the successful sale & leaseback of Semecs's production facility in Vráble, Slovakia. The transaction involves a production hall with an area of nearly 9,000 sqm. The buyer is ZDR Investments, an investment real estate fund. This is already the second acquisition for the fund. The fund enables the general public to invest in industrial real estate intended for light manufacturing and logistics.

Mitiska REIM has announced the opening of a new retail park in Jastrzębie Zdrój, a city of 90,000 inhabitants in southern Poland. Developed in partnership with Karuzela Holding and owned in joint-venture with the FRI 2 fund, this latest opening is the third retail park development opened in Poland by Mitiska REIM and Karuzela Holding in the past nine months.

CBRE Romania will get involved in the leasing strategy of H Știrbei Palace, a new shopping gallery for luxury brands developed by Hagag Development Europe in central Bucharest.

Ema Iftimie, Managing Director at Globalworth Romania, spoke with Property Forum about the group’s office pipeline in Romania and the plans for the existing commercial portfolio that has been completed following an investment of more than €900 million.

International Workplace Group (IWG), the provider of hybrid work solutions, has announced the opening of two flexible workspaces in Budapest and Miskolc under the Regus brand.

Karimpol Polska is expanding its cooperation with CBRE. Starting in June 2024, CBRE’s Polish branch will be acting as the exclusive letting agent of Skyliner II office project.