Story of the Week

2017 can be the best year yet for the Romanian market

The mindset of end-users is quickly changing in the world of real estate and developers looking to stay in the race need to keep up with current trends. This trivial statement is especially true in the case of a dynamically growing market such as Romania, which has gone through significant changes in recent years. Sorin Visoianu, Country Manager of Operations at Immofinanz told us what he thinks is driving the Romanian commerical property market.

Report

Having green buildings is not an advantage anymore

Obtaining a green certificate for modern office buildings has become a must in recent years. Still, developers, operators and tenants don’t fully realise what does a certification actually stand for and what kind of effect green solutions actually have on...

Four CEE cities among top EMEA investment destinations

Budapest showcases its strengths at MIPIM

Industrial

Panattoni Europe starts BTS project in Warsaw region

Panattoni Europe is to build another facility for DSV Solutions. The 25,000-square-metre logistics centre will be erected in Pęcice, as part of Panattoni Park Janki II. The cornerstone ceremony initiating the project took place on 23 March, and completion of...

P3 completes two buildings at P3 Prague D11

Panattoni Europe completes BTS project in Western Poland

Office

Warsaw’s Sky Office Center gets certified

Sky Office Center, located at 31 Rzymowskiego Street in Warsaw, has received the BREEAM In-Use International Certificate for “Building Management” and for “Asset Performance”, owner Hines Poland announced. The facility received the “Excellent” grade in both cases.

S Immo launches new project in Bratislava

Łódź office market attracts new tenants

Hotel

Hotel revenues grow strongly in Budapest and Prague

Resilient European economies, the continued popularity of Mediterranean leisure destinations and Europe’s importance for business travellers, should drive hotel occupancy and revenues in 2017, according to the latest PwC European Cities Hotel Forecast. Most European cities, including Budapest and Prague,...

IHG to open of new Holiday Inn in Warsaw

Strabag puts Bucharest hotel on the market

Investment

Skanska sells Poznan office building for €62 million

Skanska has sold Maraton, an office building located in Poznan, Poland, for €62 million. The property has been acquired by a real estate fund managed by Union Investment. It is the second sales transaction between Skanska and Union Investment in...

Wing sells Budapest city logistics scheme for €29 million

Redstone Real Estate buys Prague office building

Career

BNP Paribas Real Estate publishes 2016 results

BNP Paribas Real Estate generated revenues of €704 million in 2016 and announced a net profit of €155 million before tax. Nearly half (43%) of revenues came outside of France. 

Colliers appoints new Managing Director for CEE

JLL Romania appoints new Managing Director

Retail

EBRD invests in Romanian supermarket chain

The EBRD is joining forces with Mid Europa Partners to strengthen Romanian supermarket and convenience chain Profi Rom Food S.R.L. by providing a €25 million equity investment. Profi operates around 523 stores in more than 272 localities throughout Romania. The...

GTC lays cornerstone for Belgrade mall

€67 million loan for Rockcastle’s Polish shopping mall

Interview

Romania is the country to watch out for in 2017

2016 was a strong year for the Romanian commercial property market with a continued boom in the office segment and growing investment volumes. Ilinca Paun, Managing Partner at Colliers International talked us about current trends and expectations for the future.

It’s time to forget about political risk in CEE!

Budapest Airport implements ambitious development plan

Residential

Skanska buys land for €31 million in Prague

Skanska has acquired land in Prague, Czech Republic, from Codeco UK. The total investment amounts to CZK841 million (app. €31.1 million).

AFI Europe to invest €200 million in Belgrade development

Hungarians buy less homes in 2016