News Cătălin Năstăsoiu, Genesis Property: Integrating the wellness wheel into offices
20
Aug
2024

Cătălin Năstăsoiu, Genesis Property: Integrating the wellness wheel into offices

by Property Forum
The current workforce landscape has been significantly influenced by recent challenges, leading to a shift in how employees perceive their well-being. This highlights the importance for employers to prioritize their employees’ health and happiness, actively supporting them and fostering a workplace culture that values holistic well-being, writes Cătălin Năstăsoiu of Genesis Property.
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News CRE investment volume in Poland exceeds €1.7 billion
20
Aug
2024

CRE investment volume in Poland exceeds €1.7 billion

by Property Forum
Cushman & Wakefield estimates that the commercial real estate investment volume in Poland for the first half of 2024 was €1.76 billion, representing an almost 80% increase compared to the same period in 2023. The investment market is experiencing a revival in the activity of investment funds, including Polish investors, with this year’s total investment volume likely to hit €4 billion.
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News AFI Europe buys landmark office building in Bucharest from Immofinanz
20
Aug
2024

AFI Europe buys landmark office building in Bucharest from Immofinanz

by Property Forum
AFI Europe has purchased the myhive Victoriei building in central Bucharest from Immofinanz for around €27 million. The new owner plans to turn the existing office building into a mixed-use project, with the conversion permit already secured.
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News Bellemonde secures funding for resi project near Bucharest
20
Aug
2024

Bellemonde secures funding for resi project near Bucharest

by Property Forum
Romanian developer Bellemonde Developement has obtained €21 million in funding from Libra Internet Bank for a residential project in Pipera, near Bucharest.
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News Premium rent of industrial space jumps by 10% in Slovakia
20
Aug
2024

Premium rent of industrial space jumps by 10% in Slovakia

by Property Forum
The total rental activity of industrial and logistics real estate in Slovakia has reached 180,000 sqm in Q2 2024, a 92% increase compared to Q1. The automotive sector has carved out almost a third of all leased space. This data has followed from the quarterly CBRE report.
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News Financial institutions’ requirements on green certifications are often too modest
19
Aug
2024

Financial institutions’ requirements on green certifications are often too modest

by Ovidiu Nicolae
Adrian Pop, General Manager of ADP Green Building, spoke with Property Forum about the role of financial institutions in increasing the sustainability of real estate projects and the growing demand for certifications from international real estate investors.
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News UBM completes next stage of resi project in Prague
19
Aug
2024

UBM completes next stage of resi project in Prague

by Property Forum
UBM Development Czechia has completed 3 apartment buildings in the Arcus City residential complex on the border of the Stodůlky and Řeporyje districts of Prague. Of the 66 apartments in the second stage, half of the units are currently available for purchase. 
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News Slovak retail yields remain stable
19
Aug
2024

Slovak retail yields remain stable

by Property Forum
Year-on-year inflation in Slovakia has been around 2% since March, a CBRE report on retail figures has revealed. Year-on-year prices have been higher in 11 out of 12 expenditure groups of households. 
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News Emira takes 25% strategic stake in Poland's DL Invest Group
19
Aug
2024

Emira takes 25% strategic stake in Poland's DL Invest Group

by Property Forum
Emira Property Fund has announced a strategic investment in the Luxembourg-headquartered Polish property developer and investor DL Invest Group. With a €55.5 million investment, Emira has acquired an effective 25% initial stake in DL Invest Group, which has a gross asset value of approximately €730 million and a net asset value prior to Emira’s investment of approximately €278 million. Emira’s equity interest has a face value of €101.5 million.  Emira has also secured the option to acquire a further interest for €45.5 million. If exercised, this second tranche will result in Emira holding 45.0% of the issued shares of DL Invest Group.
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News 7R to build new logistics park in Gliwice
19
Aug
2024

7R to build new logistics park in Gliwice

by Property Forum
7R is launching a project near the A1 and A4 Gliwice-Sośnica motorway junction. The facility will offer future tenants a total of 40,000 sqm of modern logistics space.
Read more >

Latest news


New leases

  • Iulius Mall Suceava has attracted a raft of new tenants. LPP will inaugurate a 2,000 sqm Reserved store in October. German retailer New Yorker will open a 1,400 sqm unit, while TEDi discounter will open a 900 sqm store in the project owned by Iulius.
  • Exact Sciences, a global leader in molecular diagnostics and early cancer detection, has chosen the LIXA campus in Warsaw for its new Polish international enabling hub. The company has joined the tenants of the LIXA D office building, leasing a total of over 1,800 sqm of modern space on the first floor of the building at ul. Giełdowa 5 in Warsaw.
  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.

New appointments

  • At the beginning of September, Ewa Ciołek and Piotr Meleszko were promoted to Senior Leasing Manager. MLP Group, recognising the internal competencies and achievements of its team, emphasises the importance of further improving the efficiency of its leasing operations, which are key to the company's dynamic growth.
  • Avison Young's Investment Advisory team in Poland has welcomed a new member, Katarzyna Sielewicz, who takes the role of Senior Consultant. Katarzyna holds a master’s degree in Finance from the Stockholm University School of Business and completed an exchange semester at Cass Business School in London. She gained international real estate experience working with the global Research and Strategic Advisory team at Cushman & Wakefield (formerly DTZ) in London.
  • Activ Property Services has announced the appointment of Ionuț Grigoraș as Partner in the industrial department. With more than 14 years of experience in the real estate sector, Grigoraș has worked with leading companies such as CTP, WDP, VLParks România, Logicor, P3, MDO, and MLP Group.

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