Cushman & Wakefield has appointed Magsud Rahmanov as the new Head of Hotel Transactions CEE & SEE and named him as a Partner. 

Office investor Globalworth has appointed Ema Iftimie as Managing Director for its real estate operations in Romania, replacing Marian Popa, who will step down as of December 1st.

pbb Deutsche Pfandbriefbank has provided a €75 million investment loan facility to a Polish company managed by Macquarie Asset Management on behalf of institutional investors. The loan will be used for the refinancing of the CEDET office building in Warsaw. pbb acted as arranger and sole lender under the facility.

The increase of VAT to 9% will lead to a price increase, while buyers have a growing interest in green homes, concluded speakers of the residential panel of SEE Property Forum 2023, held in Bucharest recently.

Dm-drogerie markt has signed an agreement to lease new warehouse space in Prologis Park Prague-D1 Ostředek. The new dm distribution centre will cover an area of 21,000 sqm and will also include offices. 

Romanian developer One United Properties has signed a deal with German semiconductors maker Infineon Technologies for the development of a prime office building in northern Bucharest.  

Total investment transactions in Romania’s commercial property sector stood at €62.4 million in Q3 2023, with 32% of the total volume represented by sale-and-leaseback transactions, according to a CBRE report.

Panattoni has completed another production plant in the Kraków region. Technoform, the leading producer of double-glazing components, is to use 9,400 sqm of BTS space. The centre is to serve markets in both Poland and the EU. The development was financed with an €8 million loan from Credit Agricole.

The average office transaction in the first nine months of 2023 stood at 1,810 sqm, which is the highest average of the past four years and close to the level of 1,900 sqm recorded in 2019, according to Cushman & Wakefield data.

Industrial parks should become a powerful driver of the economy and a driving force for the development of the Ukrainian industry and its inclusion in the European system. The state has created the prerequisites for this: in addition to tax incentives, the draft budget for 2024 provides UAH 1 billion (€26 million) for a program to support industrial parks. Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum. She analysed how the segment of industrial parks has received a boost in development despite the war, what is the synergy between the state, business and local communities, and what prevents more active development of this area.