Echo Investment's residential business will be integrated into Archicom in order to create a nationwide developer with bigger growth potential, synergies and a wider market presence. The change will clarify the structure of the Group, where Archicom will be the residential part and Echo Investment will focus on growing the commercial and PRS segments, as well as on creating mixed-use ‘destination’ projects.

Logicor continues expanding in the Czech Republic when it acquired a 100,000 sqm brownfield close to Prague, further strengthening its presence in this crucial market and nearly doubling its footprint.

Penta Real Estate plans to diversify its real estate portfolio and is preparing for further expansion within Europe. It wants to establish a real estate fund for this purpose, as Marek Dospiva, co-owner of the group, revealed to E15.cz

Commercial property investments in Romania could hover between €700 and €900 million in 2023, slightly below the average of recent years, with new deals set to be driven by industrial and office projects, according to JLL.

Avison Young represented a global investment manager in the sale of a portfolio of four retail facilities, located in regional cities: Stara Cegielnia in Szczecin, Galeria Kosmos in Koszalin, OK Centrum Wałbrzych and OK Centrum Strzegom, with a total area of about 15,000 square meters GLA. Information on the value of the sale and the buyer's entity was not disclosed. All the facilities have a food operator of well-known discount chains - Lidl, Biedronka or Intermarche - as the main tenant. The buyer has plans to refresh some of the acquired assets and re-commercialize them.

Redefine Properties and Griffin Capital Partners have set up a venture to acquire Stokado, Poland's second-largest self-storage operator, to establish a platform to fast-track investment through development activity within this sector.

Property group NEPI Rockcastle has raised the equivalent of €143 million equity from its latest scrip dividend, corresponding to approximately 85% of the final dividend payment for 2022, while also completing a secured green financing of €200 million for a 5-year term with Erste Group Bank and Raiffeisen Bank.

Českomoravská nemovitostní (ČMN), which is half owner of the Churchill Square office complex in Prague, plans to acquire the rest of the property. It plans to buy the property in two transactions, Seznamzpravy.cz reports.

CBRE South Eastern Europe provided advisory services to BIG CEE in the process of purchasing the Capital Plaza complex in Podgorica. 

CTP acquired an industrial complex from Bluehouse Capital earlier this year on a plot of land with a total area of 330,000 sqm in the city district of Ostrava - Hrušov. In addition to the existing first phase of 18,000 sqm, which already has three tenants, the developer plans to build another 76,000 sqm of industrial/logistics space. The warehouse will be built in the revitalized area of the former chemical plants with a total area of 94,000 sqm and will become the largest in the Czech CTP portfolio.