Effective from 1 January 2025, Croatia will introduce a new property tax law. This new law will replace the current vacation home tax and apply to all residential properties, with certain exemptions. Local governments will institute the new law and set tax rates within a specified range by taking into account property characteristics and other factors.

Glatzova & Co has advised Ceskoslovenska Obchodni Banka on its investment into Ownest.

DLA Piper has advised Hochtief Group’s special purpose vehicle Private Partner on the public-private partnership for the design, construction, financing, and maintenance of multi-family residential buildings in Zory. Cieslak Law Firm advised the Municipality of Zory.

Kinstellar has advised Mitiska European Real Estate Partners 3 on the acquisition of a 50% ownership interest in OP Centrum Retail 2 from OPC Group. AK KB and Rybanova & Partners advised OPC Group.

On 1 October 2024, the most important provisions of the new Hungarian Architecture Act will enter into force, completely transforming the current system of rules governing construction activity in Hungary.

Former Wolf Theiss Partner Birgit Kraml has joined DLA Piper as Partner and the new Head of Real Estate at the firm’s Vienna office.