News Bulgaria's construction sector grapples with low EU fund absorption
03
Jun
2024

Bulgaria's construction sector grapples with low EU fund absorption

by Property Forum
Bulgaria is recording a slowdown of EU funds’ absorption, which could limit new investments in infrastructure and the energy efficiency of the building stock, according to research by the Eastern European Construction Forecasting Association (EECFA).
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News CPI Property Group closes €600 million of disposals YTD
03
Jun
2024

CPI Property Group closes €600 million of disposals YTD

by Property Forum
CPIPG has published unaudited financial results for the three months ending 31 March 2024. Total assets have reached €21.5 billion, and CPIPG’s property portfolio is equal to €19.2 billion (versus €19.5 billion at year-end 2023).
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News CTP names new Construction Director in Romania
03
Jun
2024

CTP names new Construction Director in Romania

by Property Forum
Industrial developer CTP has named Ionuț Puiu as Construction Director as part of the company’s strategy to expand its portfolio in Romania.
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News CBRE names new Country Head in Bulgaria
03
Jun
2024

CBRE names new Country Head in Bulgaria

by Property Forum
CBRE has appointed Verka Petkova-Shekerova as Country Head for the Bulgarian market within its Southeast Europe (SEE) office. She is replacing Sladjana Popović, who will continue to lead ESG & Sustainability services department for the region.
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News CPIPG reacts to rating downgrade and other recent events
03
Jun
2024

CPIPG reacts to rating downgrade and other recent events

by Property Forum
S&P Global Ratings has downgraded CPIPG’s rating from BBB- to BB+ with a negative outlook. CPIPG has communicated an update for its stakeholders concerning recent events and news.
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News Portland Trust sells 50 ha land plot in Romania
03
Jun
2024

Portland Trust sells 50 ha land plot in Romania

by Property Forum
Real estate developer Portland Trust has sold a 50-hectare land plot in Moara Vlasiei to FallCreek, a blueberry nursery stock provider, marking the company’s entry in Romania.
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News VGP extends logistics park in Timișoara
03
Jun
2024

VGP extends logistics park in Timișoara

by Property Forum
VGP has started the development of a new industrial building with a leasable area of 32,768 sqm in VGP Park Timișoara.
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News JTRE launches another construction in Eurovea city
03
Jun
2024

JTRE launches another construction in Eurovea city

by Property Forum
Developer JTRE has started construction on the Ganz House project, reports Yimba.sk. The project is part of Eurovea City between Landererová Street and the Danube embankment.
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News Kinstellar advises Globalworth on industrial sale in Romania
31
May
2024

Kinstellar advises Globalworth on industrial sale in Romania

by Property Forum
Law firm Kinstellar has advised Globalworth on the sale of a part of its logistics portfolio to CTP. The deal was signed in March 2024 and the closing was recorded in the next month.
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News Iulius gets double green certification for office building in Iași
30
May
2024

Iulius gets double green certification for office building in Iași

by Property Forum
Palas Campus, the largest office building in Romania, developed by Romanian developer Iulius in Iași, has achieved two green certifications.
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Latest news


New leases

  • Moto-Profil, distributors of automotive parts and accessories, has extended its cooperation with Prologis. Since 2010, the company has been developing its logistics operations at Prologis Park Chorzów, where it benefits from a warehouse of nearly 60,000 sqm.
  • A manufacturer of protective clothing and health and safety accessories, Procera, has become a new tenant of the Hillwood Częstochowa - Miasto park (southern Poland). The company will occupy nearly 4,500 sqm of warehouse and office space.
  • Europe Distribution Group has signed a lease agreement for 7,500 sqm at the MLP Wrocław logistics park. The lease includes 7,300 sqm of warehouse space and 200 sqm dedicated to office and staff facilities. The transaction was facilitated by the real estate advisory firm Sawitar Estate Broker.

New appointments

  • At the beginning of the year, Roberto Mateos, an experienced hotelier who has been with the Barceló Hotel Group for almost two decades, took over as general manager of the Barceló Warsaw Powiśle hotel.
  • Axi Immo is strengthening its organisational structure by appointing Danuta Dzierżak as Business Development Director. In her new role, she will be responsible for developing all business lines, acquiring new clients, and building relationships with key business partners in Poland and abroad.
  • Avison Young has announced several promotions within its Poland operations. In the Valuation and Advisory department, Agnieszka Bogucka and Marta Marat have both been promoted to Senior Valuer. In the Investment Advisory department, Artur Czuba has been promoted to Director. The Office Agency department has promoted Filip Filipowicz to Senior Consultant. In the Technical Advisory department, Kamil Olechniewicz has been promoted to Senior Project Manager. Additionally, Renata Zielińska took the position of Senior Consultant in the Investment department.

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