22
Jan
2024
Jan
2024
Wing's East Gate Pro Business Park gets new tenant
A leading regional parcel logistics operator has secured industrial space at East Gate Pro Business Park, developed by Wing. The third hall of the park was completed last year, and the fourth one is to be completed by the end of 2024.
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22
Jan
2024
Jan
2024
Kész Group to build new office building in Szeged
Hungarian developer and construction company Kész Group will build a 5,300 sqm office building in the heart of the important Southern city of Szeged. Lufthansa Systems Hungary has already secured space there. The handover is scheduled for Q2 2025.
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22
Jan
2024
Jan
2024
Office vacancy increases again in Budapest in Q4 2023
Total demand in 2023 amounted to 464,570 sqm, while net take-up reached 238,250 sqm in the same period. Total demand increased by 19%, while net take-up showed a 21% growth compared to 2022, the Budapest Research Forum (BRF) reports.
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22
Jan
2024
Jan
2024
Panattoni obtains €800 million of investment loans in 2023
Panattoni presented its investment financing for 2023. In Poland, the company obtained 29 bank loans for development projects worth a combined sum of more than €800 million.
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22
Jan
2024
Jan
2024
Property companies expect higher financing costs in Europe this year
Cost of financing and capital availability are some of the core challenges this year for real estate companies in Europe, shows a Deloitte survey.
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22
Jan
2024
Jan
2024
Retail deliveries reach 7-year high in Romania during 2023
Romania saw 11 new retail projects completed last year, with a combined leasable area of 215,000 sqm, sending the market to a 7-year high in terms of deliveries, according to a Cushman & Wakefield Echinox report.
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22
Jan
2024
Jan
2024
Average property deal in Romania at €21.5 million in 2023
While the total investment volume in Romania’s commercial property sector fell by around 60% to around €500 million in 2023 year-on-year, the average transaction amounted to €21.5 million of the 23 investment deals tracked by Crosspoint Real Estate.
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22
Jan
2024
Jan
2024
Petre Niculae invests €40 million in Bucharest resi project
Romanian entrepreneur Petre Niculae, the owner of several construction and real estate companies, has recently started the construction of a new residential complex in Bucharest that will feature 750 apartments.
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19
Jan
2024
Jan
2024
Hagag drops office purchase in Bucharest
Hagag Development Europe has withdrawn from negotiations with SNC-Lavalin for the purchase of an office building in Bucharest, in a deal estimated to have reached over €8 million.
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19
Jan
2024
Jan
2024
What challenges is the Czech market facing in 2024?
According to experts from Colliers, the Czech real estate market is facing several challenges this year.
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Latest news
- Knight Frank takes leasing mandate in Kraków
- What will define Poland’s next generation of urban projects?
- Atenor secures building permit for BakerStreet II in Budapest
- Peakside completes new hall at City Point Targówek in Warsaw
- BIG Poland to open new retail park in Olkusz
- Follow the occupier, follow the capital
- W. P. Carey sees growing sale-leaseback demand in Europe
- Addleshaw Goddard advises on €160 million Poznań logistics deal
- Courtney Fingar joins Property Forum as Strategic Advisor for FDI
- Yareal upgrades streets around SOHO development in Warsaw
New leases
- Globalworth announced the signing of a lease agreement with B+N Integrated Facility Services, part of the international facility management company LIWO Group, which operates across nine European countries. B+N will occupy approximately 1,500 sqm of office space in Green Court D, Globalworth’s newest development in Bucharest, currently under construction in the Aurel Vlaicu area and scheduled for completion in 2027.
- UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
- Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
New appointments
- Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
- Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
- Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.
