In 2017, CTP increased its portfolio by approximately 680,000 sqm and reached a record 4.5 million sqm. Occupancy of its industrial real estate — spread across over 82 locations in the region — came to 97.7%. The greatest expansion occurred in the Romanian and Hungarian markets. By 2022, CTP aims to double its portfolio, reaching 10 million sqm.

As at 31 December 2017, Globalworth's combined real estate portfolio was valued at €1,815.4 million, comprising €1,135.3 million in Romania and €680.1 million in Poland via GPRE. Globalworth posted its results for the year 2017.

The key obstacles in the way of technological advancement in the property business are the lack of collaboration and transparency. Property Forum visited the International Property Technology Summit in Moscow, Russia.

MT&T Atalian has been chosen to provide technical maintenance services for the ten-storey high office building The Bridge in Bucharest, under the management of the Colliers International team.

Futureal Group signed a credit agreement of €34.2 million with K&H Bank in order to finance the realization of the Advance Tower office building located in Budapest, Hungary. The first phase of the office complex, receiving the international WELL Building Platinum Precertification, is expected to be handed over in the second quarter of 2018.

The hotel capacity in Bucharest is seen rising by at least 10% in the next three years, considering the hotel projects planned or under construction, with new hotels to be developed in most big cities in Romania too, as the local market saw the seventh consecutive year of growth in 2017, C&W Echinox reports.

Prologis announced several promotions at its Czech and Slovak offices. Martin Baláž has been promoted to Vice President of Development and Leasing at Prologis Czech Republic and Slovakia; Václav Krasanovský has been promoted to Vice President of Property Management at Prologis Czech Republic, Slovakia and Hungary; Martin Stratov moves up to the position of Director of Development and Leasing at Prologis Slovakia. The promotion of Kateřina Březinová to Leasing Manager at Prologis Czech Republic completes this promotion round.

Colliers International announced the launch of its new Hotels Advisory department in Poland, led by Rafał Rosiejak, who has been appointed as Director.

First Property Group unveiled its development plans at the Krakow Business Park (KBP) in Zabierzow, Krakow, which are focused on improving and repositioning the park to drive visitors and investment to it and the local area. This follows First Property Group’s acquisition of the park’s principal operating companies and the agreement of heads of terms for their refinancing with Pekao Bank SA.

LS Cable, a Korean manufacturing company, has decided to launch its division in Dzierżoniów - in the region of Lower Silesia. The facility will be established within an existing object offering 10,000 sqm. Experts from JLL represented LS Cable in the processes of seeking the appropriate property and negotiating purchase conditions.