December 25, 2025

Deals

P&E Real Estate Acquires Solaris Center in Tallinn

Investika Acquires Butovice Offices in Prague

Atterbury and MPC Properties Refinance Retail Portfolio in Serbia

According to DLA Piper, the portfolio comprises three major shopping centers in Belgrade, Usce, BEO, and Mercator, and represents the largest real estate refinancing transaction completed in Serbia to date.

Featured

Penta Investments Secures CZK 3.2 Billion in Senior Financing for Healthcare Real Estate Portfolio

The financing was syndicated across five leading banks, arranged by Komercni Banka and CSOB with the participation of UniCredit Bank CZ & SK, Ceska Sporitelna, and Raiffeisenbank Ceska Republika.

EBRD Provides Loan to Hansen Ukrainian Mission for Housing in Ukraine

The financing is aimed at delivering safe, sustainable housing for internally displaced persons and other vulnerable groups, addressing one of Ukraine’s most acute social challenges amid ongoing recovery efforts.

AFI Romania Secures EUR 537 Million Refinancing for AFI Cotroceni, AFI Brasov, and AFI Ploiesti

Financing was provided by Erste Bank, Banca Comerciala Romana SA, Raiffeisen Bank SA, Raiffeisen Bank International, and Unicredit Bank SA.

Panattoni Sells Panattoni Park Ruda Slaska IV to RYSY Properties

Panattoni Park Ruda Slaska IV is a logistics facility spanning approximately 32,000 square meters. The facility is located at the junction of the A1 and A4 motorways, adjacent to a major Polish transport hub.

Poland’s Real Estate: In a League of Its Own in CEE

As growth steadies and inflation eases, Polish investors are stepping up while foreign capital recalibrates – shaping the next wave of opportunity in housing, offices, and logistics.

Atterbury and MPC Properties Refinance Retail Portfolio in Serbia

According to DLA Piper, the portfolio comprises three major shopping centers in Belgrade, Usce, BEO, and Mercator, and represents the largest real estate refinancing transaction completed in Serbia to date.

Mitiska REIM Sells Retail Park Strakonicka to Fio Real Estate Fund

Located on a main road in the city of Ceske Budejovice in Southern Bohemia, the retail park has a gross leasable area of 10,900 square meters, comprising 13 retail units and parking for nearly 300 cars.

Penta Investments Secures CZK 3.2 Billion in Senior Financing for Healthcare Real Estate Portfolio

The financing was syndicated across five leading banks, arranged by Komercni Banka and CSOB with the participation of UniCredit Bank CZ & SK, Ceska Sporitelna, and Raiffeisenbank Ceska Republika.

EBRD Provides Loan to Hansen Ukrainian Mission for Housing in Ukraine

The financing is aimed at delivering safe, sustainable housing for internally displaced persons and other vulnerable groups, addressing one of Ukraine’s most acute social challenges amid ongoing recovery efforts.

P&E Real Estate Acquires Solaris Center in Tallinn

Solaris Center is a mixed-use asset, featuring a concert hall, cinemas, a fitness club, cafes and restaurants, a supermarket, parking facilities, and a range of retail and office spaces.

TAS Logistyka Expands Footprint in CTPark Warsaw South

According to CTP, the deal takes the total amount of space the company occupies at CTPark Warsaw South to approximately 42,000 square meters, representing a 180% increase since TAS Logistyka signed its first lease with CTP in 2023.

Analysis

Poland’s Real Estate: In a League of Its Own in CEE

As growth steadies and inflation eases, Polish investors are stepping up while foreign capital recalibrates – shaping the next wave of opportunity in housing, offices, and logistics.

Ukraine to Provide Compensation Mechanism for Property Damage and War-Risk Insurance Costs

Ukraine’s Cabinet of Ministers have approved new mechanism that will provide state support for businesses that have suffered losses as a result of hostilities or that have obtained war-risk insurance.

New Legal Framework Applicable to Residential Real Estate Transactions in Romania

The Romanian Parliament has adopted a new law introducing provisions regarding real estate transactions involving future residential properties, such as units in condominiums or individual dwellings under development.

New Legalisation Framework in Serbia: A Limited-Time Opportunity to Register Unpermitted Buildings

With the adoption of the new Law on Special Conditions for the Registration and Entry of Rights on Real Estate, Serbia has opened what may be the final window for legalising buildings constructed without complete or valid permits.

Waste Collection Fee Applicable to Non-Residential Properties Owned by Businesses

The deadline for choosing a waste collection fee regime for 2026 is from 1 October to 30 November 2025.

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.

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.

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segments

Mitiska REIM Sells Retail Park Strakonicka to Fio Real Estate Fund

Located on a main road in the city of Ceske Budejovice in Southern Bohemia, the retail park has a gross leasable area of 10,900 square meters, comprising 13 retail units and parking for nearly 300 cars.

Atterbury and MPC Properties Refinance Retail Portfolio in Serbia

According to DLA Piper, the portfolio comprises three major shopping centers in Belgrade, Usce, BEO, and Mercator, and represents the largest real estate refinancing transaction completed in Serbia to date.

P&E Real Estate Acquires Solaris Center in Tallinn

Solaris Center is a mixed-use asset, featuring a concert hall, cinemas, a fitness club, cafes and restaurants, a supermarket, parking facilities, and a range of retail and office spaces.

AFI Romania Secures EUR 537 Million Refinancing for AFI Cotroceni, AFI Brasov, and AFI Ploiesti

Financing was provided by Erste Bank, Banca Comerciala Romana SA, Raiffeisen Bank SA, Raiffeisen Bank International, and Unicredit Bank SA.

LCP Poland Refinances EMKA Koszalin

LCP Poland has secured a EUR 40 million loan from Erste Group Bank to refinance the existing debt of the EMKA Koszalin shopping center.

Blue Assets to Manage Fidurock’s Arkada Prostejov

Part of the Panattoni Group, Blue Assets has been operating in the Czech market since 2023. It currently manages more than 60 assets with a total leasable area of over 1.6 million square meters located throughout the Czech Republic. 

Art-Invest Real Estate Management Acquires 25hours Hotel MuseumsQuartier

JP Immobilien-Gruppe is an Austrian real estate developer and hotel operator, active across marketing, investment, development, and hospitality. 

Prodea Investments Sells Real Estate Portfolio Including Stake in Piraeus Tower and Acquires Stake in MHV Bluekey One

According to Papapolitis & Papapolitis, the transaction aligns with Prodea's strategy to enhance its exposure to high-growth hospitality and logistics assets.

Waste Collection Fee Applicable to Non-Residential Properties Owned by Businesses

The deadline for choosing a waste collection fee regime for 2026 is from 1 October to 30 November 2025.

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.

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.

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.

TAS Logistyka Expands Footprint in CTPark Warsaw South

According to CTP, the deal takes the total amount of space the company occupies at CTPark Warsaw South to approximately 42,000 square meters, representing a 180% increase since TAS Logistyka signed its first lease with CTP in 2023.

Panattoni Sells Panattoni Park Ruda Slaska IV to RYSY Properties

Panattoni Park Ruda Slaska IV is a logistics facility spanning approximately 32,000 square meters. The facility is located at the junction of the A1 and A4 motorways, adjacent to a major Polish transport hub.

Toyota Material Handling CZ Moves Into Zdice Park

According to Accolade, the premises with an area of almost 14,000 square meters will also serve as the headquarters for the company in the Czech Republic. 

CTP Commences Construction of New CTPark Brno South Building

The BRNS04 building is part of the next phase of development of CTPark Brno South, one of the most important industrial complexes in South Moravia, where last year CTP delivered a 52,000 square meters production facility – one of the largest in the region.

Panattoni Kicks Off Construction of Panattoni Park Bialystok III

According to the company, the investment, with an area of over 32,000 square meters, will be completed in the first quarter of 2026, with four tenants having already signed lease agreements.

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.

Investika Acquires Butovice Offices in Prague

Located in the Nove Butovice district, the office property offers approximately 9,100 square meters of leasable space. The building is fully occupied, with its principal long-term tenant being Albert Czech Republic.

P&E Real Estate Acquires Solaris Center in Tallinn

Solaris Center is a mixed-use asset, featuring a concert hall, cinemas, a fitness club, cafes and restaurants, a supermarket, parking facilities, and a range of retail and office spaces.

Capitalica Asset Management Secures EUR 19 Million Financing for Verde Project Building C

According to the company, the total planned investment into the newly constructed C and D buildings will exceed EUR 70 million.

Skanska Sells Port7 To AFI Group

The complex comprises three office buildings totaling approximately 36,000 square meters of leasable space and a land plot for future development. The transaction is valued at CZK 3.16 billion.

Rohlig SUUS Logistics Extends Lease at Bolero Office Point 1

The property, where the tenant has occupied more than 2,000 square meters since 2014, is located at ul. Rownolegla 4a. It is located in close proximity to Warsaw’s key transport hubs.

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.

P&E Real Estate Acquires Solaris Center in Tallinn

Solaris Center is a mixed-use asset, featuring a concert hall, cinemas, a fitness club, cafes and restaurants, a supermarket, parking facilities, and a range of retail and office spaces.

EBRD Provides Loan to Hansen Ukrainian Mission for Housing in Ukraine

The financing is aimed at delivering safe, sustainable housing for internally displaced persons and other vulnerable groups, addressing one of Ukraine’s most acute social challenges amid ongoing recovery efforts.

Hercesa International Acquires Greenfield Site for Residential Development in Sofia

Hercesa International is a real estate group with over 45 years of experience and an extensive international portfolio spanning Spain, Bulgaria, Portugal, Czechia, Romania, Morocco, Mexico, Panama, and Ecuador. 

Residence Projekat Dva Beograd Secures Financing from OTP Banka Srbija Novi Sad and AikBank Beograd

Residence Projekat Dva Beograd has secured EUR 24 million in financing from OTP Banka Srbija Novi Sad and AikBank Beograd.

Ceska Sporitelna Finances Crestyl’s Hagibor Kappa Project

Hagibor Kappa represents the fifth residential building within the broader Hagibor project. It is expected to include more than 250 residential units and ground-floor retail.

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.

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.