November 27, 2025

Deals

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.

Featured

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.

Deutsche Pfandbriefbank Provides EUR 78 Million Loan for Polish Retail Park Portfolio

The portfolio includes eight assets located in Wroclaw, Glowno, Kalisz, Swidnica, Pulawy, Przemysl, and two properties under acquisition in Poland.

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.

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.

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.

DESEO Patisserie & Chocolaterie Extends Vis a Vis Wilanow Lease

The Vis a Vis Wilanow retail park is located in the southern part of Warsaw, along the route connecting the city center with Konstancin-Jeziorna. According to the Real Management, it offers 17 retail, service, and food-and-beverage units.

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.

Deutsche Pfandbriefbank Provides EUR 78 Million Loan for Polish Retail Park Portfolio

The portfolio includes eight assets located in Wroclaw, Glowno, Kalisz, Swidnica, Pulawy, Przemysl, and two properties under acquisition in Poland.

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.

Analysis

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.

From Weekend Cottage to Valuable Real Estate

At the beginning of the summer, the regulations governing the land registry in Hungary were amended, introducing significant changes affecting owners of so-called garden plots in the outskirts.

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.

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segments

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.

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.

DESEO Patisserie & Chocolaterie Extends Vis a Vis Wilanow Lease

The Vis a Vis Wilanow retail park is located in the southern part of Warsaw, along the route connecting the city center with Konstancin-Jeziorna. According to the Real Management, it offers 17 retail, service, and food-and-beverage units.

Deutsche Pfandbriefbank Provides EUR 78 Million Loan for Polish Retail Park Portfolio

The portfolio includes eight assets located in Wroclaw, Glowno, Kalisz, Swidnica, Pulawy, Przemysl, and two properties under acquisition in Poland.

Centerscape Purchases Biedronka Property in Szczecin, Poland

According to Centerscape, the modern building was constructed in 2018 and sits on a condominium plot of approximately 1,825 square meters.

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.

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.

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.

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.

P3 Logistic Parks Buys Stoneweg Logistics Portfolio in Slovakia

The newly acquired portfolio totals 95,535 square meters across western, northern, and eastern Slovakia, all with direct access to major transport corridors, including highways D1 and E571.

Gundlach Automotive Solutions Extends CTPark Arrabona Lease

The Audi supplier leases a nearly 11,000 square meters of production and distribution facility with specialized infrastructure that supports uninterrupted, just-in-sequence deliveries. 

Mediaposte Hit Mail Leases 19,000 Square Meters in Chitila Logistics Hub

Mediaposte Hit Mail is the largest direct marketing company in Romania. It provides marketing, logistics, and IT solutions. Founded in 1997, Mediaposte Hit Mail became part of the French group La Poste (French Post Office) in 2009.

Media Expert and Panattoni Lay Cornerstone for New Lodz Distribution Center

According to Panattoni, located in the central part of Poland, near the main transport arteries (A1, A2, S8, and S14), the complex will enable efficient nationwide customer service and further strengthen the company’s omnichannel logistics operations. 

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.

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.

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.

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.

Bayard Capital Invests in OOD

The deal values OOD at EUR 23 million pre-money, EUR 2,028 per share, roughly 60% above its last trading price on Funderbeam.

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.