Brainmarket has joined them, which, with its focus on dietary supplements and a healthy lifestyle, will further expand the diversity and attractiveness of the dynamic park. Korean manufacturing company SFI Europe has also chosen P3 Ostrava Central to enter the European market.

P3 Logistic Parks will expand the tenant mix at P3 Ostrava Central with the addition of a new sports and leisure concept operated by Jungle. The project will introduce what the operator describes as its largest Jungle sports park in the Czech Republic.

The new facility will occupy 4,411 square metres in the M1 building at P3 Ostrava Central, a mixed industrial and commercial district developed on a former brownfield site in the Vítkovice area of Ostrava. The centre will include climbing walls, parkour and gymnastics areas, physiotherapy and regeneration facilities, a workout zone, retail space for climbing equipment and a bistro with indoor and outdoor seating.

“Our vision for P3 Ostrava Central was to create a vibrant urban district where business meets everyday life. The arrival of Jungle is exactly the piece of the puzzle that fulfills this vision. Thanks to its clear height of 12 meters and layout, the modern industrial hall will offer ideal conditions for sports activities, which have been lacking in the region to this extent and quality,” said Marek Jaskula, Leasing Manager at P3 Logistic Parks.

The largest section of the complex will focus on rope climbing, alongside a dedicated children’s climbing area intended for family activities and events. The first floor will feature an 1,800 square metre bouldering area, while the workout section will include specialised climbing training technologies such as campus boards, kilter boards and moon boards.

“Our goal is to build a place in Ostrava where families with children can spend the whole day. Thanks to the large selection of activities that visitors can experience in the center, everyone will find something for themselves. Children will have fun in the children’s corner or on the smaller climbing wall, older children will appreciate the parkour and gymnastics zone. Adults will have fun on the bouldering or on the largest climbing wall in Ostrava. Then they will eat together in the large bistro and can relax in the relaxation zone,” said Milan Genda, Manager of Jungle Sport Park Ostrava.

The project forms part of Jungle’s wider expansion strategy in the Czech market. Existing locations operate in Prague’s Letňany, Holešovice and Výstaviště districts, as well as in Pardubice and Mladá Boleslav. The Ostrava development will become the company’s sixth location in the country.

“We want to build places where people will not only come to play sports, but where they will want to spend time, meet and move naturally across generations,” said Karel Trsek, Marketing Director of Jungle.

The first phase of the Ostrava facility is scheduled to open in autumn 2026, with additional sections to be completed gradually. The development will also include approximately 100 parking spaces and plans for a future bus connection to improve accessibility.

P3 Ostrava Central currently accommodates a range of manufacturing, logistics and retail tenants including Linde Material Handling, Tefcold, BrainMarket and SFI Europe.

The district has been developed with sustainability measures including BREEAM Excellent certification across all buildings, green landscaping and publicly accessible outdoor facilities.

Passerinvest Group completes shell construction of mixed-use Hila project in Prague’s Brumlovka district

Passerinvest Group has completed the shell construction of the Hila multifunctional project in Prague’s Brumlovka district. The development, which rises to 55 metres at its highest point, combines offices, rental housing, retail and services within a single building and is expected to become a new landmark in the area.

Designed by Aulík Fišer architekti, the 15-storey building will provide 20,200 sqm of office space, 71 fully furnished rental apartments and 2,300 sqm of retail space. According to the developer, the project has been designed in line with EU taxonomy criteria and is targeting LEED Gold certification.

The project introduces a mixed-use concept to Brumlovka, integrating workplaces, housing and community functions within one structure. Office tenants will have access to more than 2,000 sqm of rooftop terraces, while the building also includes a four-storey atrium spanning 464 sqm.

“A quality working environment is fundamental for us. We have been designing offices for people, not for Excel spreadsheets, for a long time. Hila is pushing the standard even further in this regard, whether it is the number of outdoor spaces and terraces, the quality of the indoor environment or the overall comfort of everyday functioning,” said Eduard Forejt.

Forejt added that the large rooftop terrace overlooking Prague is expected to become a meeting point for employees working in the building.

The Hila project replaces older prefabricated residential and office buildings that previously occupied the site. According to Passerinvest, the earlier buildings provided less than 10,000 sqm of space, while the new development will offer almost three times that amount.

“The Hila building fulfilled an old dream for us as architects, to build a city up in layers. To build an apartment building on the roof of an office building, where the air in the city is already better and there is a view,” said Jan Aulík.

Aulík noted that both the office and residential sections of the building operate independently, with separate entrances and vertical circulation systems, while sharing emergency infrastructure. He added that the office section was designed to minimise shading on neighbouring buildings along Jemnická Street, with terraces and greenery incorporated into the stepped design.

Office rents at Hila are expected to range between EUR 24.50 and EUR 27.50 per sqm per month excluding VAT. The residential section will include a mix of units ranging from studio apartments to four-room layouts, with apartment sizes between 33.5 sqm and 133 sqm.

Following completion of the shell construction, work will continue on the façade and interior fit-out. The development also includes underground parking spaces with a minimum width of 2.7 metres, above the typical local standard of 2.4 metres.

The construction involved several large-scale engineering elements, including piling works extending more than two kilometres in total length and an 86-metre-high construction crane.

HSF System SK Completes First Starbucks Drive Thru in Slovakia and Czech Republic in Žilina

Construction company HSF System SK has completed the first Starbucks Drive Thru café in Slovakia and the Czech Republic. The new outlet has opened at the Klokan shopping centre in Žilina, with the project developed for investor MC Štadión, part of the KLM real estate group.

The single-storey building includes a customer sales area, bar and kitchen facilities, as well as technical and staff areas. The project also incorporates a dedicated Drive Thru lane designed to allow customers to order and collect products directly from their vehicles.

“The new single-storey building with a rectangular floor plan represents a modern object that combines high-quality architectural solutions, technological innovation and an ecological approach to construction, while creating a comfortable environment for customers and effective conditions for operation,” said Peter Guoth, Sales Director at HSF System SK.

The building has a footprint of 208.6 sqm and a total usable area of 168.14 sqm. The structure combines masonry construction with a prefabricated reinforced concrete frame system supported by reinforced concrete foundations.

“The architectural solution works with modern materials and respects the corporate identity of the brand while maintaining high aesthetic and technical standards,” said Tomáš Mydlo, Production Director at HSF System SK.

The façade combines an external insulation system with aluminium glazing and triple-glazed insulated panels. Wooden and aluminium cassette cladding were also incorporated into the design. The flat roof features foil waterproofing and a stabilising gravel layer.

Internally, the building uses plasterboard partition systems with insulation and fibre concrete flooring finished with ceramic surfaces. Heating and cooling are provided through a VRF system with an air-to-air heat pump, while ventilation is managed through a rooftop heat recovery unit supplemented by local extraction systems in sanitary and kitchen areas.

The project also included surrounding infrastructure and landscaping works. Access roads and handling areas were built using asphalt and cement concrete designed to withstand high mechanical loads. Rainwater drainage is managed through an oil separator and infiltration blocks.

“The landscaping is designed with an emphasis on the microclimatic, aesthetic, representative, accompanying and hygienic function of greenery, while the selection of vegetation has been adapted to climate changes and the effects of biotic and abiotic factors,” added Mydlo.

Volkswagen Financial Services to Lease Nearly 6,000 sqm at Warsaw’s Skyliner Complex

Volkswagen Financial Services has signed a lease agreement at the Skyliner complex in Warsaw, becoming a tenant in the second tower of the development at Rondo Daszyńskiego. The company will occupy nearly 6,000 sqm of office and retail space across both Skyliner buildings.

Under the agreement, Volkswagen Financial Services will lease 5,500 sqm of office space across five floors in Skyliner II, alongside nearly 350 sqm in Skyliner I, where a customer service centre will be located on the ground floor. The lease term is 10 years, with the company scheduled to move into the space in the second quarter of 2027.

The transaction brings the occupancy level of Skyliner II to 50%.

Volkswagen Financial Services provides banking, leasing, insurance and mobility services for Volkswagen Group brands and operates in 46 markets worldwide.

“Choosing Skyliner as our new location is part of a long-term development strategy. We were looking for a place that would provide our employees with an even higher standard of workspace, access to modern infrastructure and the opportunity for the organisation’s further development. Skyliner meets these expectations, whilst allowing us to remain in the central part of Warsaw, which is well-connected and attractive to our team,” said Jarosław Stepaniuk.

Karimpol Polska said the signing marks another stage in the commercialisation of the project.

“We are already halfway through the commercialisation process for Skyliner II. Signing the agreement with Volkswagen Financial Services is an important step for us, all the more so as we are talking about an organisation with clearly defined needs and high standards regarding office space. This is a positive sign for us that the project meets the market’s real expectations,” said Szymon Zduńczyk.

CBRE acted as advisor to the tenant during the negotiations. Legal services for Karimpol were provided by Argon Legal, while Decisive Worldwide advised the tenant.

Other tenants already secured for Skyliner II include Squarepoint Capital, which leased approximately 2,200 sqm, and Mindspace, which will occupy around 4,500 sqm for its third location in Poland.

Skyliner II is the second phase of the Skyliner development being delivered by the Karimpol Group at Rondo Daszyńskiego in Warsaw. Construction is scheduled for completion by the end of 2026. The building will provide more than 24,000 sqm of lettable space, including over 23,000 sqm of offices and nearly 1,100 sqm of retail and service units.

The project includes four-level terraces designed by RS Architektura Krajobrazu, a five-level underground car park with 217 parking spaces and 100 bicycle spaces, as well as ten lifts serving the building.

The architectural design was prepared by APA Wojciechowski Architekci. WARBUD is serving as the main contractor, while Hill International is overseeing project supervision.

According to the developer, Skyliner II has received a BREEAM New Construction certification at the Outstanding level and is intended to be powered entirely by renewable energy.

MLP Group reports higher revenue and leasing activity in Q1 2026

MLP Group increased revenue and leasing activity in the first quarter of 2026, supported by continued demand for logistics space in major European urban markets.

The logistics developer and operator reported consolidated revenue of PLN 130.6 million (EUR 30.8 million) for Q1 2026, representing a 20% increase year-on-year. EBITDA before revaluation reached PLN 59.5 million (EUR 14.0 million), up 10% compared with the same period last year.

Net profit totalled PLN 32.5 million (EUR 7.7 million), compared with a net loss of PLN 42.7 million recorded in the first quarter of 2025.

During the quarter, the group signed lease agreements covering approximately 65,800 sqm of space, compared with 22,800 sqm leased in Q1 2025. Of the total, 58,500 sqm was leased to new tenants. The agreements are expected to generate EUR 4.6 million in annualised rental income, up from EUR 1.3 million a year earlier.

MLP Group said demand for modern logistics space continues to be concentrated in large urban and metropolitan regions, which remains the company’s primary development focus across its European markets.

“At the end of March 2026, the fair value of investment properties amounted to PLN 6,856.7 million, representing a 4% increase compared to 31 December 2025. Net Asset Value increased by 1% in the first quarter of 2026 to PLN 3,233.4 million,” the company stated.

The developer currently has approximately 217,000 sqm of warehouse space under construction, with potential annual rental income estimated at EUR 14.2 million.

According to the company, around 98% of rents were paid on time during the quarter, while tenant payment profiles remained stable.

MLP Group said it continues to focus on projects located close to large urban centres and is increasingly developing smaller and medium-sized logistics units aimed at urban distribution and last-mile delivery operations.

“We continue to consistently execute our strategy focused on the development of modern logistics parks in the largest urban agglomerations and metropolitan regions across Europe,” said Radosław T. Krochta. “Concentrating on key locations characterised by strong demand and limited land availability strengthens our competitive position and supports the further scaling of our operations.”

He added that the company is gradually moving away from traditional large-scale warehouse formats towards more flexible urban logistics projects.

“Our strategy is increasingly based on modern, highly diversified logistics parks offering medium and small units tailored to the growing needs of urban logistics and customers operating close to the end consumer,” Krochta said.

The company also confirmed plans to launch new urban logistics projects in Munich and Vienna later this year, including the MLP City Park Vienna development, which will offer units ranging from 200 sqm to 800 sqm near Vienna’s main railway station.

Art-Invest Real Estate Signs Two New Restaurant Leases at MARKT1 in Essen

Art-Invest Real Estate has signed two new restaurant leases at the MARKT1 mixed-use property at Kennedyplatz in Essen, expanding the scheme’s food and beverage offering in the city centre.

The new long-term leases cover approximately 1,450 sqm. Mexican restaurant concept Tacolicious will occupy around 1,100 sqm with a taqueria and cantina format inspired by San Francisco dining concepts, while Asia Delight GmbH will take over a 350 sqm unit previously occupied by Sixth Sense.

Asia Delight plans to introduce a Korean BBQ and soju bar concept at the location, replacing the former tenant after 17 years of operation.

According to Art-Invest Real Estate, the new agreements form part of the ongoing repositioning of MARKT1, with the property focusing on a mix of restaurant and retail uses in a central, high-footfall area of Essen.

Arne Hilbert, Managing Director and Head of NRW at Art-Invest Real Estate, said the new restaurant concepts would support the long-term positioning of the property and strengthen its tenant mix.

Czech Supreme Court Confirms Courts Cannot Reduce Unfair Consumer Contract Penalties

The Czech Supreme Court has confirmed that courts cannot simply reduce excessive contractual penalties in consumer contracts. Instead, if a penalty clause is found to be unfair, it must be disregarded entirely.

The ruling, issued in judgment No. 33 Cdo 3502/2024 on 27 January 2026, strengthens consumer protection rules in the Czech Republic and brings local practice in line with long-established European Union case law.

The decision relates specifically to contracts between businesses and consumers (B2C relationships), where contractual penalties are commonly used for late payments, early termination, missed obligations or breaches of contract terms.

Under Czech law, courts are normally allowed to reduce disproportionately high contractual penalties. However, the Supreme Court confirmed that this principle does not apply in consumer contracts if the clause itself is considered unfair.

The court relied on principles established by the Court of Justice of the European Union in the Banco Español de Crédito case, which held that courts should not rewrite unfair consumer contract terms in order to make them acceptable. Instead, unfair clauses should lose legal effect entirely.

In practice, this means that if a court determines that a contractual penalty creates a significant imbalance between the rights of the business and the consumer, the clause may become unenforceable in full rather than partially reduced.

The judgment does not mean that all contractual penalties in consumer agreements are invalid. Businesses may still use such clauses, but they must be proportionate, transparent and reasonably balanced.

When assessing whether a clause is unfair, courts will examine the overall circumstances of the contract, including whether the penalty is excessive compared with the obligation being protected, whether multiple sanctions accumulate against the consumer, and whether the wording is sufficiently clear for an ordinary consumer to understand.

Courts may also consider whether the contract imposes penalties only on the consumer while placing few or no comparable obligations on the business itself.

The ruling also increases the potential financial risk for businesses using aggressive penalty clauses. If a consumer has already paid a contractual penalty that is later found to be unfair, the consumer may seek repayment on the grounds of unjust enrichment.

For businesses operating in the Czech consumer market, the decision is likely to increase the importance of reviewing standard terms and conditions, particularly in sectors where automated penalties, cancellation fees or default charges are commonly used.

The judgment reinforces a broader EU consumer protection principle that businesses should draft fair contractual terms from the outset rather than rely on courts to later reduce excessive provisions.

Source: CMS

What Is the Mortgage Affordability Limit for Buyers of New Apartments in Poland’s Largest Cities?

What is the price ceiling for people buying new apartments with a mortgage in the most expensive cities in Poland? At what price point does buyers’ creditworthiness end? What apartments are available at this price point?

Joanna Chojecka, Sales and Marketing Director for Warsaw, Wrocław, and Łódź at Robyg Group

Currently, the “price ceiling” in the housing market is determined primarily by buyers’ creditworthiness, which, given the persistently high bank margins, remains the main constraint on demand. In practice, this means that most customers financing their purchases with a loan operate within a rather narrow budget range. At the same time, it’s important to emphasize that new property purchases are also made in cash, so in the case of development companies with a dominant share of this type of clientele, the “price ceiling” is not dependent on creditworthiness.

For typical households, the actual level of creditworthiness translates into the ability to purchase an apartment worth approximately PLN 600,000–900,000, with the upper limit of this range primarily affecting couples with stable, relatively high incomes. A level above approximately PLN 1 million–1.2 million is only achievable for a narrow group of customers with above-average incomes or those with a high down payment. Therefore, the PLN 800,000–900,000 range currently represents the actual “ceiling” for mass mortgage buyers.

In the most expensive cities, such as Warsaw, Krakow, and Gdańsk, this level coincides with the prices of relatively small apartments. In practice, this means that at current market prices, most buyers’ creditworthiness ends with the purchase of a property of approximately 40–60 square metres in a standard location. Purchasing a larger apartment in these cities often exceeds the financial capacity of the average borrower. However, this should not be interpreted as a reduction in new apartment purchases in these cities, as cash buyers are active there.

The greatest creditworthiness problems occur in the largest metropolitan areas, where the ratio of apartment prices to income is the least favourable. This applies primarily to Warsaw, Krakow, and the Tri-City. The situation is slightly better in cities such as Wrocław and Poznań, although the availability of apartments for mortgage buyers is also limited there. In smaller regional centres, relatively lower prices make the creditworthiness barrier less acute.

The current market is characterised by a clear reduction in demand due to creditworthiness limitations. For most buyers, the threshold is around PLN 800,000–900,000. The PLN 1 million barrier represents a significant cut-off point for the mass market. This is most evident in the largest and most expensive cities, where apartment prices are rising faster than the financial capacity of buyers using loans.

Agnieszka Gajdzik-Wilgos, Sales Manager, Ronson Development

We are observing that in Warsaw, in the popular segment, in locations such as Ursus and Białołęka, a clear price ceiling is emerging, linked to borrowing capacity. For two-room apartments, this is most often around PLN 650,000–700,000, and for three-room apartments, up to around PLN 800,000. In the four-room segment, which is very popular, prices start at around PLN 970,000, with the upper limit of most buyers’ affordability hovering around PLN 1.1 million.

In more prestigious locations, such as Mokotów, price levels are significantly higher and depend more on the standard and additional features of the property. Two-room apartments reach around PLN 18,500 per square metre, three-room apartments around PLN 17,000 per square metre, while four-room apartments typically range from PLN 1.5 million to as much as PLN 2 million, especially if they offer amenities such as a terrace or garden.

Currently, the greatest sensitivity to customer creditworthiness is observed in Wrocław, especially in the segment of apartments purchased as part of the Osiedle Startowe development. This is where purchasing decisions are most dependent on financing availability.

Tomasz Kaleta, Managing Director of Sales and Marketing at Develia

The upper price level for apartments depends primarily on the market segment and the city. There is no clear “price ceiling” in the premium segment. Prices are based on the unique features of the project, such as location, finishing standard, and amenities. The most expensive premium apartments in our offer are located in the Kopernika 71 development in Gdynia and Królowej Jadwigi in Poznań, with prices ranging from approximately PLN 2.5 million to just over PLN 3 million, respectively.

In the popular segment, the highest prices are found in the Warsaw market, reaching approximately PLN 1.6 million. In Wrocław and Krakow, the upper price range for apartments is approximately PLN 1.3 million, while in Katowice and Łódź, it is approximately PLN 1 million. At higher price levels, many customers begin to consider buying a house as an alternative.

Regarding financing availability, the share of mortgage clients in our transactions increased to approximately 50%, compared to 44% a year earlier, primarily due to the return of first-time home buyers to the market. Market data shows that in March, a typical family could count on average creditworthiness of approximately PLN 1.176 million, while the average loan requested was approximately PLN 506,000.

Agnieszka Majkusiak, General Director of Sales and Marketing at Atal

From our perspective, customers’ financial capabilities and their expectations regarding the property they purchase vary greatly. A cash buyer interested in a spacious, well-located apartment for personal use is willing to spend more. Those targeting an apartment in the popular segment and financing the purchase with a loan have a different maximum price point. An investor maximising the rate of return approaches the matter differently again.

A reference point for these considerations can be the average loan amount in Poland, which hovers around PLN 500,000. This figure is often used when comparing bank offers for a typical borrower. However, it should absolutely not be considered a “ceiling”, but rather a general optimal loan level for the Polish primary market.

It is difficult to clearly identify a specific threshold, not just for Warsaw, at which purchases become impossible. This is a highly individual matter and depends on many factors, including household size and financial situation, income, existing liabilities, down payment, and the specific loan parameters. It is also important to consider whether the client has another apartment for sale that can be used to finance the purchase of a new one.

Regional disparities in apartment prices, for example between Łódź and Warsaw, are greater than differences in income, which favours people from smaller cities. They can afford larger apartments of their own. In Warsaw, the greatest challenges arise in the three- and four-bedroom apartment segment, where total transaction values are highest and the price-to-creditworthiness ratio becomes a key factor influencing purchasing decisions.

Andrzej Swoboda, Vice President of the Management Board, CTE Group

It is difficult to talk about a single, universal “price ceiling” these days – the market varies greatly locally, and the price-to-income ratio and availability of financing are key factors. In Wrocław, however, it is clear that activity in the owner-occupier segment depends on the district and the standard of the property. Acceptable price levels currently range from approximately PLN 11,000 per square metre, for example in Lipa Piotrowska, to PLN 15,000 per square metre in districts such as Krzyki and Śródmieście. Above this level, demand begins to narrow significantly, and at rates exceeding PLN 20,000 per square metre, we are already dealing with a niche segment accessible to a narrow group of customers, most often with a high down payment or cash financing. It is in this area that creditworthiness limitations become most apparent.

Damian Tomasik, President of Alter Investment

Today, I would not talk about a “price ceiling” in the classic sense. The housing market has entered a stage where the limit is no longer the price per square metre, but rather the ability to service financing over time. This is a very significant change. Customers have stopped focusing solely on how much an apartment costs. They have started looking at how much the decision will cost over the next 20–30 years. Therefore, the real limit today is not the price per square metre, but rather the monthly payment that the customer is psychologically and financially able to accept.

In the largest cities, this means that the lending market naturally “closes” to the range of apartments that generate instalments manageable on average salaries. Above this level, demand does not disappear, but its structure changes. Cash buyers or those with a large down payment enter the market, as do investors who evaluate purchases based on return potential rather than price.

We see the greatest tension in cities where prices are simultaneously high and the labour market is dynamic, such as Warsaw, Krakow, and the Tri-City. There, the gap between purchase aspirations and actual financial capacity is greatest. But this is not just a credit issue. This is a moment of product redefinition. The market is beginning to adapt by offering smaller floor areas, greater functionality, and different usage models.

Photo: Podhalanska Vita by Develia

Source: dompress.pl

HOF Awards 2026 Recognises Leading Real Estate Projects and Companies Across CEE

The 10th edition of the HOF Awards took place on 14 May 2026 at the Radisson Blu Hotel Bucharest, bringing together real estate professionals, developers, advisers and investors from across Central and South Eastern Europe.

Organised by CIJ EUROPE, the annual event represents the final stage of the CIJ Awards season, with national winners from across the region competing for the “Best of the Best” distinctions. According to the organisers, the awards combine jury evaluation and industry voting to recognise achievements in development, investment, sustainability, design and professional services across the commercial real estate sector.

This year’s ceremony covered categories across residential, office, retail, logistics, mixed-use and professional services, with winners representing the Czech Republic, Poland, Romania and Slovakia.

In the residential sector, Crestyl Real Estate received the award for Best of the Best Premium Residential Development of the Year, Czech Republic for the Semerínka project, while ITB Development won Best of the Best Standard Residential Development of the Year, Slovakia for Čerešne Residence.

AFI Romania was recognised for Best of the Best Residential Buildup in Development, Romania for AFI Home North, Phase 2, while North Bucharest Investments received the award for Best of the Best Residential Real Estate Agency of the Year, Romania.

In the retail segment, LCP Poland, part of M Core, won Best of the Best Retail Development & Developer of the Year, Poland for M Park Mrągowo, a 15,000 sqm retail project. The award for Best of the Best New Retail Lease of the Year, Romania went to Auchan for its 7,000 sqm lease at Sun Plaza.

The logistics and industrial categories saw CTP awarded Best of the Best Warehouse Development & Developer of the Year, Romania for CTPark Ploiesti, while Urbanity received the award for Best of the Best Warehouse Buildup in Development of the Year, Czech Republic for Urbanity Campus Bruntál.

In the office and mixed-use categories, Vastint Romania won Best of the Best Office Buildup Development of the Year, Romania for Timpuri Noi Square, Phase 2, while NEPI Rockcastle received the Best of the Best Mixed-Use Buildup in Development award for Promenada Mall Bucharest.

Ghelamco Poland secured the Best of the Best Leading Green Development & Developer of the Year, Poland award for The Bridge, while Hagag Development Europe was recognised in the refurbishment category for H Stirbei Palace in Bucharest.

Professional service and consultancy awards were also presented during the evening. Przemysław Wardęga received the Marketing & PR Professional of the Year award, while Crosspoint Real Estate and Cushman & Wakefield Echinox were recognised as Local and International Real Estate Agencies of the Year respectively.

In the design and construction categories, WEMAT won Best of the Best Commercial Design FIT-OUT Project of the Year for the JW Marriott Bucharest Grand Hotel project, while COS in Romania received the Commercial Design Space Company of the Year distinction.

Additional awards went to LCP Poland Property Management, Vitalis Consulting, Coral Construct, DRS Architects, Kinstellar, Biris Goran and Bog’Art.

The evening’s leadership award, Best of the Best Property Leadership of the Year, was presented to Roland Hofman of URBANITY for his leadership in the Czech Republic.

The HOF Awards were held alongside the CEDER Conference & Exhibition 2026, which also took place at the Radisson Blu Hotel Bucharest earlier in the day.

Hahn Group and Sonae Sierra Acquire First Assets for Southern Europe Food Retail Fund

Hahn Group and Sonae Sierra have completed the first acquisitions for the newly launched Hahn Sierra Food Retail Fund, investing more than €70 million in food retail assets across Spain and Portugal.

The acquisitions include an Eroski hypermarket in San Sebastián and two Continente supermarkets in Portugal. The fund also holds options to acquire two additional Continente supermarkets in Portugal, with completion expected before the end of the year.

The portfolio comprises approximately 22,800 sqm of leasable space and has a weighted average unexpired lease term (WAULT) of more than 15 years. According to the companies, an additional portfolio valued at more than €60 million is currently under exclusive negotiation.

The fund, structured as an open-ended special AIF, focuses on food retail assets in Portugal, Spain and Italy. It targets a total investment volume of approximately €600 million and is classified as an Article 8 fund under the SFDR framework.

The Eroski hypermarket is located within the Garbera Shopping Centre in San Sebastián, in Spain’s Basque Country. The asset provides around 14,800 sqm of leasable space and operates as Eroski’s flagship store in the region. The property was originally developed in 1997 and refurbished in 2023.

The Portuguese portfolio consists of four Continente Bom Dia supermarkets with a combined leasable area of around 8,000 sqm. Two of the stores, located in Benedita and Marinha Grande, have already been acquired, while two additional acquisitions remain subject to option agreements. The supermarkets are newly developed assets scheduled to open between 2025 and 2026 and are designed to meet A+/NZEB energy efficiency standards.

All four Portuguese stores are leased to Sonae MC, which operates under the Continente brand.

The Hahn Sierra Food Retail Fund secured approximately €150 million in equity commitments from six institutional investors during its first closing and remains open to additional subscriptions.

« Previous 1 … 105 106 107 108 109 … 576 Next »

Latest news

All posts by fletcher@cijeurope.com.