STORY OF THE WEEK
New Radisson Blu Hotel signed for Timisoara

Story of the week

17
Jan

New Radisson Blu Hotel signed for Timisoara

by Ákos Budai
The Rezidor Hotel Group announced the signing of the Radisson Blu Hotel Timisoara. This takes the group's portfolio in Romania to four hotels. Radisson Blu and Mulberry Development will create an international upper upscale hotel in Timisoara, the main social, economic and cultural hub in Western Romania - and the European Capital of Culture for 2021.
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Career

19
Jan

Colliers announces new Senior Partners in Poland

by Property Forum
Colliers International has strengthened its management structure in Poland. In recognition of their business achievements and contribution to building company value, all nine of Colliers’ Partners in Poland will now be referred to as Senior Partners, which is a newly created position.
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New Managing Partner at Colliers International Romania Plaza Centers CEO retires Griffin Real Estate reorganised after former CEO’s arrest

Residential

19
Jan

CEE leads the way for house price growth

by Property Forum
In Q3 2017 the largest increase in house prices was registered in the Czech Republic. According to fresh data published by Eurostat, Hungary also saw double-digit growth, while prices rose by 5-10% in Bulgaria, Slovenia, Slovakia and Romania
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Bucharest agency to sell residential properties in bitcoin London Partners invest €26 million in Bucharest resi project One United Properties to issue €20 million bond

Retail

19
Jan

Delta Holding to invest €600 million in real estate projects

by Property Forum
In the next two years Delta Holding plans to invest €600 million in real estate projects in Serbia, Bosnia and Herzegovina and Bulgaria.
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Iulius kicks off retail component of Timisoara project Czech online retailer opens store with no cashiers

Industrial

19
Jan

CTP continues ambitious Romanian expansion

by Property Forum
CTP will complete the construction of several warehouses and start new developments in its three logistics parks situated in the vicinity of the Romanian capital: CTPark Bucharest West, CTPark Bucharest and CTPark Bucharest North (former Chitila Logistic Park). It is estimated that by the end of 2018 their cumulated surface will reach approximately 680,000 sqm. CTP plans a total expansion of at least 300,000 sqm at national level.
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New record on Budapest’s industrial market Logistics company expands at MLP Pruszków I P3 acquires Czech logistics park from HB Reavis

Office

18
Jan

New completions on Budapest's office market

by Property Forum
Total demand on the Budapest office market in Q4 2017 reached 144,365 sqm, representing a 13% decrease year-on-year. The office vacancy rate has decreased to 7.5%, the lowest rate on record. The Budapest Research Forum published its latest figures.
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Bucharest office take-up reaches 310,000 sqm in 2017 Skanska launches perovskite solar cell application in Poland pbb provides €41 million loan for Prague business parks

Investment

16
Jan

FLE enters Poland by Wroclaw acquisition

by Property Forum
Wratislavia Center, a mixed-use property in Wroclaw has been sold to FLE, an investment advisor headquartered in Vienna. FLE bought the asset on behalf of FLE SICAV FIS, a real estate fund headquartered in Luxemburg and owning a commercial real estate portfolio in Europe and the US exceeding € 2 bn.
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Globalworth eyes NEPI-owned office buildings in Romania Erste Real Estate Fund acquires Budapest retail park MCAP Global Finance enters CEE with Budapest purchase

Interview

15
Jan

CPI plans major refurbishments in Budapest

by Ákos Budai
Last year, in a landmark deal, CPI Property Group has acquired 11 CEE retail assets from funds managed by CBRE Global Investors. Country Manager Mátyás Gereben talked to us about the company’s future plans for Hungary and revealed what’s in store for the five assets – shopping centres Pólus and Campona, the Andrássy Complex and two Interpsar stores – that were added to CPI’s Hungarian portfolio as a result of the €650 million deal.
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Granit Polus has major plans for Budapest Is it more difficult to develop in Bucharest than in Budapest? Surprising figures from a dynamic Balkans capital

Report

15
Jan

Romania’s land market is booming

by Property Forum
Last year, the total value of land transactions in Romania for real estate projects (excluding the industrial segment) increased significantly from 2016, exceeding the €350 million threshold at the national level. According to Colliers International, about 70% of this value was ascribed to the capital, where land transactions for residential development represented more than half of the investment volume.
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2018 will be a strong year for Poland’s office market Strong year on the Polish industrial market Immofinanz reaches refinancing volume of €1.6 billion in FY 2017

Hotel

12
Jan

Airport hotel opens in Budapest

by Property Forum
The 145-room ibis Styles Budapest Airport Hotel, the first airport hotel in Hungary with a direct terminal connection, constructed in a development project by Wing, opened for business at the beginning of January. The 6,600 sqm hotel is located approximately 200 m from Terminal 2, and is connected to it by a covered walkway.
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Holiday Inn Warsaw City Centre opens Rezidor announces new signing in Poland

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