Savills has appointed Ben Maudling to head up its Czech Republic and Slovakia operations, in order to support the company’s continued expansion across Central Eastern Europe (CEE). 

P3 has completed the first two warehouses at P3 Prague D11, developed partly on a Build-to-Suit basis for Exiteria and FM Logistic, comprising a total of 60,000 sqm. The warehouses are among the largest buildings planned for the park and account for over a third of its total size.  The rest of the site can accommodate eight further warehouses ranging from 3,000 sqm to 26,000 sqm. After completion, P3 Prague D11 will provide a total of 155,000 sqm.

The Rezidor Hotel Group, a member of international Carlson Rezidor Hotel Group, has announced the signing of the first Radisson RED in the Central Europe. The newly built Radisson RED Krakow is expected to be completed by fall of 2019.

The partners of Balmain Asset Management and Sharman Church Chartered Surveyors have signed an agreement to merge the advisory businesses of Balmain and Sharman Church. The combined entity will trade under the newly established name of BSC Real Estate Advisors. The firm will provide clients with a complete set of service lines across all commercial property sectors including offices, retail, investment, industrial and property management. Balmain Asset Management will continue to trade as a completely separate entity continuing its focus on Asset and Investment Management.

City Space, an operator of serviced offices, is to open new business centres in Wrocław, Katowice and Gdańsk in the next few weeks. So far the office operator was present in Warsaw and Kraków, its dynamic expansion is an effect of joining forces with Echo Investment. 

Warimpex announced the partial sale of its hotel portfolio to Thai investor U City Public Company Limited (U City). The transaction includes eight hotel participations – two of which are partially (50 per cent) owned by UBM Development AG (UBM) – which comprise approximately 50 percent of Warimpex's total real estate assets and which have a property value of approximately €180 million (excluding the stakes of UBM in that portfolio). 

The supply of office space in Warsaw at the end of last year exceeded 5.18 million sqm after the stock increased by 410,000 sqm. BNP Paribas Real Estate Poland experts signal that 650,000 sqm of office space under construction and more than 1,000,000 sqm of additional pipeline projects constitute a vital argument for tenants either searching for new locations or planning to renegotiate their leases.

Further to its ad hoc announcement of 21 December 2016, Atrium European Real Estate Limited announced that Liad Barzilai has, effective today, been appointed, as Chief Executive Officer of the Group. 

Arco Real Property Holdings, a joint venture between Arco Capital and Deutsche Asset Management's DB Private Equity & Private Markets group, has decided to develop and construct a new office building in Business Park Sofia (BPS). The investment volume for this new building will be around €30 million.

Globalworth purchased a logistics project located near Pitesti, Romania, rented by Dacia from ELGAN, a company owned by businessman Simon Roth, for €42.5 million. Colliers International advised the seller.