December 3, 2025

Deals

Union Investment Sells Palladium in Prague

CA Immo Sells Kavci Hori Building to Conseq Group

LPP Signs 11-Year Lease for New Distribution Center in CTPark Bucharest West

According to the developer, this will bring LPP's total space within the park to 125,000 square meters. Located adjacent to LPP Logistics’ new e-commerce fulfillment center, the new facility will support the group’s growth in the region and enhance supply efficiency to key markets.

Featured

Union Investment Sells Palladium in Prague

According to Union Investment, "the sale marks the largest property transaction ever carried out on the Czech market and is also the biggest single-asset retail transaction in CEE so far in 2025."

CA Immo Sells Kavci Hori Building to Conseq Group

The building comprises approximately 42,300 square meters of gross lettable area and 700 parking spaces, with annualized gross rental income of around EUR 7.7 million, occupancy of 96%, and a weighted average unexpired lease term of nearly four years. 

Panattoni and Accolade Expand Ostrov North Park

ZF Aftermarket Ostrov will be the tenant of the new premises. Operating as a key logistics hub within the global ZF automotive network, the company consolidates independent aftermarket distribution in the Karlovy Vary Region while supporting the brand’s European logistics system.

Fidurock Acquires Arkada Prostejov Retail Park from BDCG

The transaction is valued at more than CZK 0.5 billion. With it, the group now owns 14 retail parks across the Czech Republic and Slovakia, with a total leasable area exceeding 130,000 square meters. 

LPP Signs 11-Year Lease for New Distribution Center in CTPark Bucharest West

According to the developer, this will bring LPP's total space within the park to 125,000 square meters. Located adjacent to LPP Logistics’ new e-commerce fulfillment center, the new facility will support the group’s growth in the region and enhance supply efficiency to key markets.

Union Investment Sells Palladium in Prague

According to Union Investment, "the sale marks the largest property transaction ever carried out on the Czech market and is also the biggest single-asset retail transaction in CEE so far in 2025."

Legend Hotels Acquires Marriott Gdynia Waterfront

Legend Hotels has acquired the Courtyard by Marriott Gdynia Waterfront in Poland from Vastint.

CA Immo Sells Kavci Hori Building to Conseq Group

The building comprises approximately 42,300 square meters of gross lettable area and 700 parking spaces, with annualized gross rental income of around EUR 7.7 million, occupancy of 96%, and a weighted average unexpired lease term of nearly four years. 

A New Legal Institution: Condominium Building Right

On 14 October 2025, the Hungarian Government submitted a bill on amendments related to the introduction of condominium building rights, which involves several key legislative changes, including new rules on condominiums, real estate registration and notarial procedures.

Stokado Begins Construction on New Wroclaw and Warsaw Self-Storage Facilities

The Wroclaw development, located on Awicenny Street in the southwest of the city, will add more than 5,000 square meters of NLA to Stokado’s portfolio.

Panattoni and Accolade Expand Ostrov North Park

ZF Aftermarket Ostrov will be the tenant of the new premises. Operating as a key logistics hub within the global ZF automotive network, the company consolidates independent aftermarket distribution in the Karlovy Vary Region while supporting the brand’s European logistics system.

Analysis

A New Legal Institution: Condominium Building Right

On 14 October 2025, the Hungarian Government submitted a bill on amendments related to the introduction of condominium building rights, which involves several key legislative changes, including new rules on condominiums, real estate registration and notarial procedures.

The Law on Legalization of Unauthorized Buildings – Between Legal Certainty and Market Restriction

With the entry into force of the Law on the Legalization of Unauthorized Buildings in Montenegro, a new legal and regulatory framework has been established to address long-standing issues of unauthorized construction and unclear property status.

Changes Expected in the Conditions of the Home Start Program

The Government submitted a draft proposal for public consultation, modifying the conditions of the Home Start program. The draft takes into account both the experiences from the first month of the loan program as well as the feedback received.

From Prohibition to Permission: Hungary’s New Approach to Front Yard Structures

In August 2025, an amendment to Hungary’s national construction code entered into force, easing long-standing restrictions on front yard development.

Reclassification Option of Garden Properties

Amendments to the Land Registry Act, in force since July 2025, bring long-anticipated relief for owners of ‘zártkert’ (garden or holiday plot) properties.

Jalsovszky: How Much Compensation Can I Expect if the State Takes My Property?

According to investment plans announced this summer, the government is preparing to implement large-scale road and railway construction projects over the next ten years.

Bosnia & Herzegovina: Are You Really Covered? Real Estate Due Diligence Pitfalls

Investors often assume that a clean land registry extract is sufficient to proceed – but in BH, this is just the tip of the iceberg.

Jalsovszky: How Much Compensation Can I Expect if the State Takes My Property?

According to investment plans announced this summer, the government is preparing to implement large-scale road and railway construction projects over the next ten years.

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segments

Union Investment Sells Palladium in Prague

According to Union Investment, "the sale marks the largest property transaction ever carried out on the Czech market and is also the biggest single-asset retail transaction in CEE so far in 2025."

Fidurock Acquires Arkada Prostejov Retail Park from BDCG

The transaction is valued at more than CZK 0.5 billion. With it, the group now owns 14 retail parks across the Czech Republic and Slovakia, with a total leasable area exceeding 130,000 square meters. 

CA Immo Sells Kavci Hori Building to Conseq Group

The building comprises approximately 42,300 square meters of gross lettable area and 700 parking spaces, with annualized gross rental income of around EUR 7.7 million, occupancy of 96%, and a weighted average unexpired lease term of nearly four years. 

BABA Body & Social Club to Open at SOHO by Yareal in 2026

Yareal Polska is active in the real estate development sector in Poland. The company belongs to Yam Invest Group and is managed by Yareal Polska Holding.

Prime Holdings Completes Sale of Lodz 1 Project in Poland

The Lodz 1 project is located on Pilsudskiego Street. The property consists of an office complex offering 6,400 square meters of gross leasable area on a land plot of more than 10,000 square meters.

Futureal Group Secures EUR 165 Million Refinancing of Etele Plaza

Futureal Group has secured a EUR 165 million refinancing from a syndicate of lenders, including Erste Bank Hungary, Erste Group Bank, and UniCredit Bank Hungary, for Etele Plaza.

CSOB Real Estate Fund Acquires Forum Karlin and Ibis Praha Old Town in Prague

Patria investicni spolecnost has announced it successfully completed the acquisition for CSOB Real Estate Fund of two properties in the center of Prague from Amundi: the Forum Karlin building and the Ibis Praha Old Town property.

Eagle Hills and Government of Georgia Sign USD 6 Billion Urban Development Partnership

Together, the projects, valued at over USD 6.5 billion, are expected to contribute more than USD 7 billion to Georgia’s GDP over the next decade, generate over 31,000 new jobs, and deliver billions in tax revenues to the government.

WING and Accent Hotel Management Announce Strategic Partnership

The two companies are now establishing a joint venture to combine their knowledge and experience to provide professional hotel management and development services.

PPF Real Estate Secures Merger Clearance for Diplomat Hotel Acquisition

PPF Real Estate Group has acquired Diplomat Prague RE, the owner of the four-star, full-service Diplomat Prague hotel, from Lombard Real Estate.

Hinitsa Bay Four Seasons Resort Secures Financing from CrediaBank

CrediaBank has provided financing for the reconstruction, development, and refurbishment of a luxury resort in Porto Heli, Argolida, to be operated by Four Seasons. 

Renters Acquires Irundo–Short Term Rentals

Irundo–Short Term Rentals is a Croatian short-term rentals company. The company was founded 15 years ago and manages over 300 apartments across top tourist destinations.

Stokado Begins Construction on New Wroclaw and Warsaw Self-Storage Facilities

The Wroclaw development, located on Awicenny Street in the southwest of the city, will add more than 5,000 square meters of NLA to Stokado’s portfolio.

LPP Signs 11-Year Lease for New Distribution Center in CTPark Bucharest West

According to the developer, this will bring LPP's total space within the park to 125,000 square meters. Located adjacent to LPP Logistics’ new e-commerce fulfillment center, the new facility will support the group’s growth in the region and enhance supply efficiency to key markets.

Panattoni and Accolade Expand Ostrov North Park

ZF Aftermarket Ostrov will be the tenant of the new premises. Operating as a key logistics hub within the global ZF automotive network, the company consolidates independent aftermarket distribution in the Karlovy Vary Region while supporting the brand’s European logistics system.

Sorainen Successful for W. P. Carey Fund’s Lithuanian Company in Rent Dispute with Kesko Senukai Lithuania

According to Sorainen, the dispute concerned Kesko Senukai Lithuania’s refusal to pay EUR 1.2 million in indexed rent for a logistics center leased from the client.

Panattoni Launches 102,000-Square-Meter Expansion of Wroclaw Campus 2 with DSV as First Tenant

Wroclaw Campus 2 will ultimately total approximately 160,000 square meters of industrial space. Phase one of the complex, covering 54,000 square meters, has been fully leased and delivered.

Scallier to Commercialize New Kenpol Retail Park in Swietochlowice

The project will be developed at the intersection of Slaska Street and Ks. Ludwik Tunkel Street in Swietochlowice. The facility, scheduled to open in the autumn of 2027, will offer approximately 7,000 square meters of leasable space.

Prime Holdings Completes Sale of Lodz 1 Project in Poland

The Lodz 1 project is located on Pilsudskiego Street. The property consists of an office complex offering 6,400 square meters of gross leasable area on a land plot of more than 10,000 square meters.

Kanal Sportowy and Zdrofit Extend Leases at Golden Star’s Konstruktorska Business Center

Kanal Sportowy will continue to occupy 512 square meters, while Zdrofit will maintain its 1,000-square-meter premises in the ground-floor area of the building.

Lafrentz Polska Group to Relocate Headquarters to Pixel in Poznan

The building is powered entirely by renewable energy and holds a BREEAM In-Use “Excellent” certification. Pixel offers a total of 14,600 square meters of office space.

Allianz-Tiriac Asigurari Sells Former Bucharest Branch to Primavera Development in Bucharest

The property, located at 74 Grigore Alexandrescu Street, was completed in 2010 and offers approximately 6,450 square meters of space. Until 2021, it served as the Bucharest branch of Allianz-Tiriac Asigurari.

Skanska Begins Construction of Nowy Rynek C in Poznan

The company reports that it will be the first commercial office building in the country to achieve net zero operational carbon dioxide emissions and operate independently of the district heating network.

Dentons Extends Elektrownia Powisle Lease in Warsaw

White Star Real Estate is the owner of Elektrownia Powisle. Located in Warsaw’s Powisle district, the complex combines office, retail, dining and residential spaces while preserving the industrial character of the early 20th-century power plant.

Prime Holdings Completes Sale of Lodz 1 Project in Poland

The Lodz 1 project is located on Pilsudskiego Street. The property consists of an office complex offering 6,400 square meters of gross leasable area on a land plot of more than 10,000 square meters.

A New Legal Institution: Condominium Building Right

On 14 October 2025, the Hungarian Government submitted a bill on amendments related to the introduction of condominium building rights, which involves several key legislative changes, including new rules on condominiums, real estate registration and notarial procedures.

Hexagon Acquires Land in Cluj-Napoca for Mixed-Use Project

The property was held through a special purpose vehicle of Max Aicher Group and is within the former Combinatul de Utilaj Greu industrial estate in Cluj-Napoca.

WING Acquires 2.1 Hectares For Mix-Use Project Development in Budapest

The development site covered by the agreement is located in the northern part of the block bordered by Vaci Road, Szekszardi Street, Madarasz Viktor Street, and Szobor Street in Budapest.

Eagle Hills and Government of Georgia Sign USD 6 Billion Urban Development Partnership

Together, the projects, valued at over USD 6.5 billion, are expected to contribute more than USD 7 billion to Georgia’s GDP over the next decade, generate over 31,000 new jobs, and deliver billions in tax revenues to the government.

Changes Expected in the Conditions of the Home Start Program

The Government submitted a draft proposal for public consultation, modifying the conditions of the Home Start program. The draft takes into account both the experiences from the first month of the loan program as well as the feedback received.

Research and Reports

BNP Paribas Real Estate Poland Report Shows Warsaw Office Supply at Three-Year High

The Warsaw office market recorded the highest volume of new office deliveries in three years in the second quarter of 2025

GTC Group Releases 2024 ESG Report

In 2024, the company reports, it reduced its CO2 emissions by approximately one fifth, and that 93% of its office and retail buildings now hold one of the internationally recognized environmental certifications.

WiredScore Announces New Industrial Certification Program in Poland

WiredScore, which has been Active in European market since 2015, reports that it has certified 50 million square meters of commercial and residential real estate.

Develia Announces Q1 Financial Results

The Develia Group is reporting that it achieved a net profit of PLN 65.2 million in the first quarter of 2025.

Develia Announces Q1 Apartment-Sales Results

Develia has announced that it sold 951 units based on development and preliminary agreements in the first quarter of this year, and delivered 523 apartments.

Busy Q1 at Riga’s Domina Shopping

Riga’s Domina Shopping is reporting that a total of 12 new, relocated, or, redesigned stores have opened their doors at the shopping center so far in 2025.