IWG, the world’s largest provider of hybrid working solutions with brands including Spaces, Regus, HQ and Signature, is expanding its Hungarian portfolio with four new openings, adding a total area of 5,944 sqm to its footprint. The openings are being delivered in partnerships with different locations that have chosen the IWG flexible workspace platform and have entered into a management agreement with the Regus and HQ brands.

Michele Nusco, CEO of Nusco Imobiliara, spoke to Property Forum about the company’s first villa project in the north of Bucharest and the further development of the Nusco City mixed project in which the planned investment will exceed €100 million.

CC Real has commenced its extensive €20 million refurbishment of City Center one Split, due for completion by the end of Q2 2024. Key upgrades will include the creation of a first-of-its-kind entertainment and leisure area for Croatia, lighting and interior design improvements, brand-new outdoor spaces, and measures to reduce energy consumption. More than 7,000 sqm of retail units will be reshaped to improve clustering, and more than 10,000 sqm of premises will be renovated.

The office leasing activity in Bucharest was up 12% in the first half of 2023 compared to the same period of 2022, with volumes reaching 169,000 sqm, according to a Crosspoint Real Estate report.  

Wolf Theiss has announced the expansion of its Corporate and M&A team in Poland with the addition of 27 new team members, including seven partners.

Romanian property company Grand Development, founded by Ionuț Nicolescu, is investing over €12 million in the development of Montebello Transylvania Resort, a project comprising 47 chalet-style villas near Brasov. The first phase of the development is slated for completion in November 2023. 

Decarbonisation roadmap, eco-certification in the residential sector, the future of the circular economy and other ecological trends in today’s construction world - these were some of the topics that we discussed in an interview with Iveta Králová, Chair of the Czech Green Building Council.

The latest Hungarian house price index for Q1 2023, which includes preliminary data, shows that the sharp fall in the number of sales transactions has not yet been followed by a similar decline in prices. The preliminary figures published by the Central Statistical Office (KSH) show prices stagnating in nominal terms: after a 2% drop in the previous quarter, prices have now risen by 2%, essentially returning to their Q3 2022 level. But what does this mean in relation to market fundamentals and what could be in store for the rest of the year?

In addition to the existing investment facility with an overall amount of €118 million, pbb Deutsche Pfandbriefbank has provided a €40 million credit facility to the open-ended fund Reico ČS Nemovitostní, the biggest mutual real estate fund on the Czech market, managed by Reico.

Hospitality company IHG Hotels & Resorts has marked the launch of its lifestyle brand in Romania through the singing of the Hotel Indigo Satu Mare. The new hotel will open in 2025 and will join IHG’s network in Romania which includes Intercontinental Athénée Palace Bucharest, Crowne Plaza Bucharest, and Holiday Inn Bucharest-Times.