BNT Attorneys has announced that Tomas Behounek will take on the role of Managing Partner as of August 30, 2022. At the same time, the firm promoted Peter Maysenhoelder to Equity Partner and Lenka Zachardova to Associated Partner.

Roxana Dudau has joined Wolf Theiss' Bucharest office as Partner and head of Real Estate & Construction practice in Romania and other jurisdictions of the firm. 

PeliPartners has advised Global Trade Center on the sale of Bucharest's Cascade Office Building to Hungarian Crown Holding Kft.

NKO has advised CTP on the acquisition of Levante Logistics from the Kenzai Group. Stanivuk & Manasijevski advised the seller.

One might have hoped that, with the pandemic fading, the real estate market was bound to bounce back in 2022, despite interest rates rising since October 2021. And bounce back it did, at least in the first quarter, when investments in commercial real estate reached EUR 1.7 billion, including Google’s landmark acquisition of a Warsaw office building for nearly EUR 600 million. The Russian aggression against Ukraine, coupled with growing cost pressures, created the current market conditions that will continue to shape the CEE real estate market for the foreseeable future.

The Times They Are a-Changin’ – such a description is more than appropriate for the municipality-developer relationship in recent months in the Czech Republic. The adoption of a new construction code promises to bring fresh wind into development projects and improve the relationships between these two major players. This is most likely to happen thanks to the re-introduction of the so-called planning agreements into the Czech legal environment. Although already recognized and used in the past, this new instrument is getting more and more noticed by Czech municipalities, most of all by the City of Prague, which, on January 27, 2022, adopted the brand-new Guidelines on the Investor Participation in Urban Development, the application of which is done through planning agreements.