The European luxury retail market has been thriving, with 83 new luxury stores opening in 2024 across 20 key shopping streets in 16 cities and 12 countries, according to Cushman & Wakefield’s latest insights.

UBM Development Czechia has launched the sale of apartments in the new Rezidence Na Plzeňce project, which will be built close to Smíchov Railway Station in Prague. 

Panattoni has finalized the sale of Panattoni Park Tricity South II to Clarion Partners Europe – a company specialising in the investment and management of logistics and industrial properties - for €59 million. 

Car commuters to the Warsaw office district in Służewiec Przemysłowy have received an unexpected gift. Thanks to the cooperation of the owners of office buildings and the activists from the association ‘Lepszy Służewiec’, the often congested intersection of Postępu and Marynarska streets has been rebuilt. As a result of the changes, its capacity has increased by as much as 43 per cent.

THR, the public company controlled by Transilvania Investments Alliance, has sold the Balada Hotel, in Saturn resort, to a Romanian buyer for €6.1 million.

According to the latest report by Newmark Polska, in 2024, Poland’s warehouse and industrial market maintained steady growth despite the challenges of an economic slowdown across Europe, capital constraints and relatively high inflation rates. The outlook for 2025 also remains positive, with approximately 2 million sqm of new completions scheduled for delivery this year, total take-up expected to surpass 5 million sqm and the overall vacancy rate continuing to trend downwards.

The industrial parks sector in Ukraine continued its dynamic growth trajectory in 2024, building on the momentum established in 2022-2023. Virtually all private or municipal stakeholders demonstrated significant progress, with qualitative advancements across the board. The year 2025 is poised to accelerate this development further, the Ukrainian Real Estate Club reports.

Since early 2024, 7R has been advancing two projects in Czechia. Both developments have obtained full building permits, underscoring 7R’s commitment to expanding its footprint in the region. Now the developer has also appointed Štefan Bohoš as a new Leasing Manager to strengthen its presence in the Czech Republic.

Mateusz Dereszyński, Partner and Head of Banking and Finance at Eversheds Sutherland Polska, talked to Property Forum about the availability of financing in Poland, the importance of ESG for banks and the investment forecasts for 2025.

Donald Trump has secured the necessary electoral votes to secure a second term, raising questions about how his presidency will influence real estate markets in Europe and CEE.