The real estate division of Rădăcini Group has purchased the Brico Depot DIY store in Iași for an undisclosed sum. The store has a sales area of approximately 8,000 sqm, with around 200 parking spaces and was opened in 2007 as a Praktiker brand. 

Investors are not in a hurry to buy assets yet, assuming those assets may become cheaper as holders are in trouble. Property Forum asked Kristóf Bárány, Founding Partner of fund management company Adventum Group about their preferences in Hungary and the broader region.

Romania’s industrial and logistics market expanded by over 500,000 sqm during 2022, with around half of all deliveries based in the Bucharest region, according to a report by real estate consultancy Colliers. 

Hotel chain Louvre Hotels Group, part of Chinese Jin Jiang Holding, aims to reach five affiliated hotels in Romania, including projects in Brașov, Cluj-Napoca and Bucharest. 

Real estate investor-developer Hagag Development Europe has received the “Best International Award” for the Renovation/Redevelopment of H Victoriei 139, during the International Property Awards 2022-2023 Gala held in London on February 2nd. 

The energy group Premier Energy has bought new projects in Romania with a capacity of approximately 41 megawatts, for which it paid €13 million. After completing all acquisitions and planned developments there, it will own or manage 700 megawatts of renewable energy, Pavel Zuna, a spokesman for Emma Capital, Premier Energy's parent company, told E15.

Skanska has opened the 27,000 sqm first phase of the H2Offices complex on Budapest's Váci Road office corridor. Construction of the second phase may start in H2 2023, with the third and final to be handed over in 2026 or 2027.

VGP has acquired a new tenant for its newly prepared technology park in Ústí nad Labem, situated in the northern part of the Czech Republic at a 90-kilometre distance from Prague. The new tenant in Hall A at VGP Park Ústí nad Labem City is Bosal, a company from the automotive industry.

The most successful outlet centres in Europe have a new leader. Cheshire Oaks, located south of Liverpool in the industrial town of Ellesmere Port, is the second English centre to top the list of the most successful outlet centres in Europe. Until now, this rank in England was reserved for Bicester Village, which is located near the university city of Oxford as well as the tourist attraction Stonehenge. This is a result of the "Outlet Centre Performance Report Europe" (OCPRE), which has been updated annually since 2008 and whose latest edition has just been published. The third place has been taken by Designer Outlet Warsaw in Piaseczno near the Polish capital.

Walter Herz has opened a branch in Tri-City, which will be managed by Jarosław Zdzitowiecki, who took the position of Associate Partner/Head of Tri-City in the company.