Banks look to boost mortgage lending in Romania image
STORY OF THE DAY
Banks look to boost mortgage lending in Romania

Story of the week

News Banks look to boost mortgage lending in Romania
18
Mar
2024

Banks look to boost mortgage lending in Romania

by Forum Property
Banks in Romania are actively looking to accelerate new residential lending in Romania as the central bank is expected to lower interest rates in H2 2024. Lenders have initiated a series of offers with more favourable interest rates, below the 7% monetary policy rate set by the National Bank of Romania (NBR), according to Vlad Săftoiu, Head of Research at Cushman & Wakefield Echinox.
Read more >

Industrial

News BTS Havi Logistics logistics MLP Group Poland warehouse
18
Mar
2024

MLP starts construction of new BTS facility near Poznań

by Forum Property
MLP Poznań witnessed a foundation stone laying ceremony for a new project to be developed for HAVI Logistics. Once completed, the new facility – comprising 16,000 sqm of space – is scheduled for handover at the beginning of the second half of 2024. The project contracted to WPIP Construction, will undergo a BREEAM New Construction certification of ‘Excellent’.
Read more >
Panattoni hands over keys to new Maxcess factory Polish industrial market slows down, but remains strong Bucharest sees fewer industrial lease deals in 2023

Investment

News Austria CPI Property Group Immofinanz investment office Vienna
18
Mar
2024

Immofinanz sells office properties in Vienna

by Forum Property
Immofinanz is taking another step in optimising its portfolio by selling two office properties in Vienna. The properties in the 20th district of Vienna have been sold to an Austrian real estate investor. This sale follows several others executed by CPI Property Group, Immofinanz' majority owner, in a bid to raise cash for repaying debts.
Read more >
High yields in CEE to drive new property investment Revetas sells resi project in Kraków to Henninger Euro Vial Residence buys large land plot in Constanța

Interview

News Bucharest CEE Cosmin Savu-Cristescu Europe Redport Capital Romania
18
Mar
2024

Resi demand growth trend continues in H1 2024

by Nicolae Ovidiu
Cosmin-Savu Cristescu, Managing Director of Romanian developer Redport Capital, spoke with Property Forum about the start of a new mixed-use investment of  €150 million in northern Bucharest and the continuation of the residential growth trend that has been recorded since 2023.
Read more >
New trend in offices: „Me space” vs „We space” It’s not enough to tick the boxes, we need a mentality shift in real estate Costs savings become a catalyst for nearshoring decisions

Residential

News Bratislava JTRE residential Slovakia
15
Mar
2024

JTRE launches construction of large project in Bratislava

by Forum Property
The design of Downtown Yards by J&T Real Estate is going to impact the Bratislava skyline to a great extent, reports YIMBA.sk.  Development is scheduled in two stages.
Read more >
Speedwell starts second resi building in Timișoara project Housing market in Romania to post higher demand in 2024 Nusco Imobiliara selects architects for Nusco City masterplan

Report

News Coface Construction Czech Republic report
14
Mar
2024

Insolvency in Czech construction market grows

by Forum Property
Construction is one of the riskiest industries in terms of payment morale. According to data from Coface, the number of insolvencies in the Czech construction industry is growing, reaching its peak only in the second half of the year 2024.
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Demand for flex offices in Prague keeps growing Promotion can hardly catch you at home office Polish warehouses remain in demand despite the market shrinking

Career

News Bulgaria Career CTP industrial logistics management Poland warehouse
14
Mar
2024

CTP appoints new Managing Directors for Poland and Bulgaria

by Forum Property
CTP has announced the appointment of two new Managing Directors for the business. Effective from 1st March 2024, Piotr Flugel has been appointed as the Managing Director for Poland and Daniela Boytcheva has been appointed as the Managing Director for Bulgaria.
Read more >
ConvergenCE appoints new Investment Director AFI Europe names new Head of Residential Division in Romania Michał Ćwikliński to lead Avison Young in EMEA

Office

News analysis office Poland Walter Herz
13
Mar
2024

Poland's office market adapts to new reality

by Forum Property
Demand for offices in Poland remains high, but there is the least amount of space under construction in over a dozen years. The office real estate market is changing more and more, says Walter Herz. 
Read more >
Vastint starts second phase of Bucharest office project Next phase of Millennium Gardens gets occupancy permit in Budapest EIB moves into historical building in Prague

Hotel

News Czech Inn Hotels Czech Republic Hotel Prague
13
Mar
2024

Czech Inn Hotels to operate Prague's Corinthia

by Forum Property
The highest hotel in Prague, Corinthia has joined the Czech Inn Hotels chain, reports Newstream.cz. The plan is to gradually modernize the hotel and revitalize the rooms, but with great emphasis on preserving the unique character and historical value of the building.
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First ibis Styles hotel to open on Romanian seaside Hard Rock Hotel to be rebranded as Pullman Budapest Hotel occupancy in Bucharest up 5% in 2023

Retail

News Bulgaria CEE Hungary NEPI Rockcastle Poland retail Romania Rüdiger Dany
12
Mar
2024

NEPI Rockcastle retail development pipeline tops €650 million in 2024

by Forum Property
NEPI Rockcastle has a development and refurbishment pipeline of more than €650 million in 2024 across Central and Eastern Europe (CEE), which is the biggest retail investment program in the region.
Read more >
Leroy Merlin leases 21,000 sqm of retail space in Bucharest Danubiu Enterprises to start retail investment near Bucharest Retailer La Cocoș expands in Brașov

Economy

News Building Act construction Czech Republic economy legislation
13
Feb
2024

With a new building code coming, Czech builders prepare for chaos

by Forum Property
In less than five months, the new building code for common buildings in the Czech Republic is going to enter into force. However, clouds are gathering around it. Builders are afraid of the shortcomings they have encountered recently when familiarizing themselves with the new requirements of the legislation, reports Seznamzpravy.cz.
Read more >
Consolidation package nearly doubles property tax in Czech Republic Slovakia postpones new Construction Act Reconstruction of Prague's Masaryk station to cost €138 million

New leases

  • Hexing Technologies Europe has leased 8,000 sqm for a new production plant in Globalworth Timisoara Industrial Park I. The lease deal was brokered by CBRE.
  • Eolus Poland, a renewable energy developer from Sweden, will become one of the tenants of LIFE Building. It will soon occupy nearly 300 sqm of the office building located in Warsaw's Wola district.
  • Polcast Media group, the owner of Polonia 1 TV, has signed a lease for approximately 500 sqm of office space at Trinity One in Warsaw. Located in Warsaw's Służewiec district, Trinity One is part of Revetas Capital's portfolio.

New appointments

  • Avison Young has named Adrian Crizbășianu, former executive at DB Schenker and VGP, as the new Head of Industrial & Logistics Agency. He has an extensive background in logistics and real estate spanning over 25 years.
  • Katarzyna Uzar joins the Valuation and Advisory team at Avison Young in Poland to take on the position of Assistant Valuer. She will support the team in creating offers and letters of appointment for valuation and will help property valuers throughout the valuation process.
  • Bartosz Chrostowski, an expert with almost 10 years of experience in commercial property, has joined real estate advisory firm Savills as an Associate Director of the landlord representation team of the office agency led by Daniel Czarnecki.

Latest news


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