Shopper Park Plus (SPP) shares are now available for subscription, paving the way for the first euro-based listing on the Budapest Stock Exchange (BSE). The shares of the regulated real estate investment pre-trust, which owns a portfolio of 18 retail units, will be offered for sale through OTP Bank and Concorde as distributors.

Hospitality group Accor has signed a management contract with Amera Group for the opening of an ibis Styles hotel in Cluj. This will be the first hotel operated by Accor in Cluj-Napoca, with the project slated to open in April 2025. 

“In times of change, Expo Real once again confirms how important personal exchange is for the real estate industry”, says Markus Arnold, CEO and sole owner of Arnold Investments. This is also the reason why the company is on site with an international team from ten countries and an unchanged large exhibition stand.

Despite the slowdown, the CEE investment market remains strong with local investors playing a more vital role than ever. The most active dealmakers discussed what sells today and will drive market activity tomorrow at CEE Property Forum 2023 in Vienna.

A brand-new company, Equs, entered the Czech industrial real estate development market. It was founded by Tomáš Míček, who has many years of experience in top management of industrial developers, and the Ungelt Group, an investor and real estate developer that has been operating on the Czech market for more than 30 years. 

Marie Baláčová has been named Partner at Cushman & Wakefield. She will also lead the business development services team for the CEE and Nordics region. The new role is a part of the company’s new operating model aiming at more efficient collaboration of market research, marketing and communications experts across countries and regions, further supporting advisory services to clients. 

IHG Hotels & Resorts and Wing, a leading Hungarian property development and investment company have announced the signing of Hotel Indigo Budapest Andrassy and Holiday Inn Express Vagohid. Signed at the real estate trade fair Expo Real 2023, both properties mark brand debuts to Hungary, demonstrating investment and growth in the premium and essentials hotel segments.

Wind power, which accounts for approximately 2% of total electricity supply, is at the global forefront of green solutions and growing well ahead of traditional energy technologies and other renewable energy sources. One of the most prospective regions in Poland for this sector is Western Pomerania. According to the latest report from global real estate services firm Cushman & Wakefield, this region is already seeing professional large-scale wind farms being established and is a clear leader in terms of economic potential for wind power with 14,000 MW, 40% ahead of Pomerania and Lower Silesia.

French hospitality group Accor is expanding its portfolio in Hungary and further strengthening its presence in the Eastern region of the country. The group will open an ibis Styles hotel at Debrecen Airport. The new hotel will welcome its first guests in 2025.

Hungarian real estate investor and developer Indotek Group has announced the acquisition of Hotel H·Top Royal Beach in Lloret de Mar. The vendor is H·Top Hotels & Resorts Group which will continue to operate the facility, hosteltur.com reports.